A FinTech Dilemma: The Chief Compliance Officer

Companies offering innovative products, especially those in fintech, are finding that answering questions regarding when to bring on a CCO and recruiting the right person, particularly in this tight labor market, is a difficult and frustrating process. Furthermore, many companies find that hiring a qualified CCO who understands the business and fits with the existing team is going to come at a significant expense that may frustrate the objectives of a growing business. In this article we summarize a few thoughts on why, when, and how to bring on a CCO that fits the company’s size and risk-profile.