TECHNOLOGY
Q . Is there a ‘ war on talent ’ for regulation-savvy executives ? If so , how can fintechs win it ? BR : I think they ' re actually going to have to rely upon and leverage the knowledge of the best service providers . This area is fast-moving and requires time to think and analyse . The necessary understanding will not generally reside in one or two executive recruits .
SN : Regulation-savvy executives , especially the more experienced ones , obviously care about reputational risk and are always looking for a culture of accountability . If the CEO has a vision and
“ ESSENTIALLY , LAW AND REGULATION CAN ' T KEEP UP PRACTICALLY WITH HOW PEOPLE ARE USING THESE SERVICES ”
BARNABAS REYNOLDS PARTNER , SHEARMAN & STERLING
a commitment to investing time , money , and effort into compliance , then that ' s a key differentiator for attracting the right people .
A lot of traditional executives from regulation firms now want exposure to new business models and tech solutions , so they are certainly willing to try the fintech sector .