Episode notes
Niklas talks with Sean Pawley, CEO and Founder of Seshat Bank and Rasheed Griffith, COO and Chief Compliance Officer of Merkle Hedge.
Sean has founded an API-first commercial bank for Latin America. He talks about his journey from East Africa to Central America, and how he uses the novel regulatory regime on Prospera Honduras to innovate in key areas for banking.
Notably, he talks about the "Pawnbroker for All Seasons" model to risk management pioneered by Mervyn King (ex. Governor of the Bank of England) as an improvement over the "Lender of Last Resort" Model.
Rasheed and Sean walk us through the most important international financial regulations such as AML-KYC laws, the Foreign Corrupt Practices Act (FCPA) and Securities Laws. These are key for finance entrepreneurs to understand when starting a new company.
We learn h ...
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