• Tuesday, February 27, 2024
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How Oni is advocating for compliance in fintech industry

How Oni is advocating for compliance in fintech industry

In an era where fintech is fast transforming the way we interact with financial services and bringing financial inclusion to the unbanked, they must comply with industry rules and regulations to deepen their contributions to the economy.

However, one person who has positioned himself to make fintech services safer for millions of vulnerable people is Adedamola Oni, co-founder, Smart Compliance.

He was inspired to drive advocacy when he realized that the vulnerable and underserved groups are being left behind as financial innovation accelerates, and as such, co-founded Smart Compliance to embed compliance into the core of fintechs, to safeguard people’s finances.

He stated that he has years of experience in anti-money laundering and compliance from working at top banks and has seen firsthand how non-compliance in fintech can enable financial crimes that hurt those who can least afford it.

“I felt that the huge number of vulnerable and underserved fintech services deserved to be protected at whatever cost,” he said.
“They need a voice that would speak for their interest and as such, I became an advocate for compliance and best practices within the fintech ecosystem,” he added.

Oni said he’s not just navigating the complexities of compliance but is also committed to making fintechs more secure, especially for vulnerable communities.

He stated that his journey into the fintech sector has been marked by a passion for leveraging technology to address compliance challenges.

He added he and his team members are actively developing innovative solutions that not only meet regulatory standards but also prioritize the safety of users, particularly those who are often underserved or vulnerable in traditional financial systems.

As a member of the Global Association of Certified Anti-Money Laundering Specialists (ACAMS), he brings a wealth of expertise and a commitment to upholding the highest standards of integrity in the industry.

His affiliation, he noted, with ACAMS underscores his dedication to staying at the forefront of anti-money laundering best practices, ensuring that Smart Compliance remains a leader in compliance solutions.

Oni’s role in the fintech landscape extends beyond his executive position. He actively engages with regulatory bodies, industry associations, and advocacy groups to shape conversations around compliance, financial inclusion, and the ethical use of technology.

His dedication to making compliance a cornerstone of innovation and safety is reshaping the narrative of fintech.