Interview with Clayton Mitchell: Navigating Fintech Regulatory Compliance

Mighty Finsights

Interview with Clayton Mitchell: Navigating Fintech Regulatory Compliance

Host - Rory Holland

Interviewed - Clayton Mitchell

In This Episode

Clayton Mitchell, from Crowe, a public accounting, consulting, and technology firm, chats with Rory about the role of accounting and consulting in the fintech industry. He explains how he got into the world of fintech and shares his experience working with payments and remittance companies. Clayton also discusses the challenges of applying outdated regulatory compliance frameworks to new and innovative business models. He emphasizes the importance of trust in the financial system and the need for collaboration and understanding between regulators, compliance teams, and businesses. Clayton also highlights the value of listening to clients, providing actionable recommendations, and leaving organizations in a better place than when they started.

Key Takeaways

1. Accounting and consulting firms like Crowe play a crucial role in the fintech industry by helping organizations navigate regulatory challenges and improve risk management and compliance.
2. Applying outdated regulatory frameworks to new and innovative business models is a significant challenge in the industry.
3. Building trust in the financial system requires collaboration and understanding between regulators, compliance teams, and businesses.
4. Creating value in the financial services industry involves enabling innovation, understanding customer needs, and challenging traditional approaches.
5. Listening to clients, providing actionable recommendations, and leaving organizations in a better place are key principles for accounting and consulting firms.

Chapters

00:00 Introduction and Background

04:05 Clients and Services Offered

08:10 Challenges of Applying Legacy Frameworks

15:45 What Sets Crowe Apart

About Mighty Finsights

This is 'Mighty Finsights,' the podcast where finance meets formidable insights and spirited storytelling. Each episode offers a deep dive into the challenges and achievements that define the financial landscape, providing valuable lessons in finance, innovation, and resilience. Tune in for an experience that brings finance to life through the voices of its most influential leaders.