How to Build a GRC Framework for Fintech Startups
The ITSM Practice: Elevating ITSM and IT Security KnowledgeShow Notes
Learn how to build a solid GRC foundation for fintech growth in the EU. We break down governance, risk management, and compliance essentials to help startups scale, earn investor trust, and meet PSD2, GDPR, DORA, MiCA, AML expectations from day one.
In this episode, we answer to: How do you set up an effective GRC framework for a fintech startup in the EU? Why must European fintechs prioritize compliance, risk, and governance early to scale safely? What roles, processes, and oversight are essential to meet PSD2, GDPR, DORA, AML requirements?
Resources Mentioned in this Episode: European Central Bank (ECB) website, article "The PSD2 supports innovation and competition in retail payments … and enhances the security of payment transactions and the protection of consumer data.", link https://www.ecb.europa.eu/press/intro/mip-online/2018/html/1803_revisedpsd.en.html?
Deloitte website, article "The Revised Payment Services Directive (PSD2)", link https://www.deloitte.com/lu/en/Industries/banking-capital-markets/research/psd2-revised-payment-services-directive.html?
European Parliament website, article "GDPR: Overview of the EU General Data Protection Regulation", link https://europa.eu/youreurope/business/dealing-with-customers/data-protection/data-protection-gdpr/index_en.htm?utm_source=chatgpt.com
German BaFin website, article "Prevention of money laundering and terrorist financing", link https://www.bafin.de/EN/Aufsicht/Geldwaeschepraevention/geldwaeschepraevention_node_en.html?
ESMA website, article "Official summary from authoritative EU sources: Digital Operational Resilience Act (DORA)", link https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/digital-operational-resilience-act-dora?
ESMA website, article "Official overview by the European Securities and Markets Authority (ESMA): Markets in Crypto-Assets Regulation (MiCA)", link https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica?utm_source=chatgpt.com
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Credits: Sound engineering by Alan Southgate - http://alsouthgate.co.uk/
Graphics by Yulia Kolodyazhnaya
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