47 backgrounds . They have ensured the transition from fintech startup to heavily regulated business , operating under the FDA and increasing levels of process and system design , has been a smooth one .
Gowan notes the rise of crypto-currencies has attracted a wave of technologists to the industry but believes it ’ s vital to strike the right balance in the team to ensure the levels of financial experience required when dealing with a client ’ s money . “ There needs to be a degree of maturity in our approach to building relationships and significant investment in security and safety of client funds ,” he says . “ We are reliant on seeking approval from regulators on partnering with banks who store the money for our clients and segregated client fund accounts . There ’ s a big onus on us to do due diligence on our clients , to have in place processes for Know Your Customer ( KYC ) and
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