While you are running a startup or scale-up in a fast-moving and regulated industry, whether it's payments, crypto or other types of fintechs, you know how important it is to get compliance right. At the same time, you have enough on your plate without having to become an expert in every niche area, especially compliance.

When it comes to deciding whether to build a compliance system in-house or buy a ready-made solution, the choice isn’t always easy. After all, at one point, we faced that very dilemma ourselves at our previous company. 

The build or buy dilemma: The experience of Imerale’s co-founders at a previous company

Back when they were building a compliance program at an open banking payments provider, they had a vision. They were focused on building the best possible compliance program that they could and they also knew that compliance wasn’t something they could afford to overlook. Regulated industries like  fintechs come with a whole new set of challenges and risks, and getting compliance wrong could have disastrous consequences.

At that time, there wasn’t an option to just "buy" a comprehensive compliance system that provided a singular customer view. We had multiple contracts with different technology providers that sent them risk data signals that were unconnected. It was highly problematic and time consuming to align all of these disparate signals into one customer risk assessment.  They thought that they could build a solution themselves, after all, how hard could it be to create a solution that would interpret multiple data signals and organize these into a singular customer view,  meet evolving regulatory requirements, automate manual compliance processes, handle data securely, and integrate with all the necessary platforms?

Fast forward a few years, and they realized just how complicated, time-consuming, and resource-draining it is attempting to build a system like that really was. It took them years to develop something that wasn’t anywhere near what they needed. In fact, they learned the hard way that compliance isn’t a simple "set it and forget it" task. It’s constantly evolving, and the landscape can shift at a moment’s notice. 

Why you should prioritize innovating your own product (and let Imerale simplify compliance for you) 

The biggest takeaway from that experience? Focus on what you do best, whether that’s building the next big thing in payments, making waves in the crypto world, or disrupting the fintech space. Don’t get bogged down by trying to reinvent the wheel when it comes to compliance. Let experts like us handle that side of things, so you can stay focused on growing your business and innovating your product.

That’s where Imerale comes in. We’ve spent years developing a solution specifically for businesses like yours. Imerale was built by people who were once in your shoes, facing the same tough choices about building versus buying a compliance system. We get it. We’ve been there, and we’ve learned the hard way. Now, we’re here to offer you a better, faster, and more cost-effective solution.

Why Imerale is the strategic choice

• Expertly built: Imerale isn’t just another off-the-shelf compliance tool. It’s a solution built by professionals who understand the unique challenges that startups and scale-ups in regulated industries face. You get a platform that’s tailored to meet your needs, whether you’re in payments, crypto, or fintech or any regulated business.
• Scalable & future-proof: Compliance isn’t static. It evolves. Imerale is built to grow with you, so as your business scales and regulations change, your compliance processes remain robust and up-to-date.
• Save time & resources: Building a compliance system from scratch takes years of development time and a lot of resources. With Imerale, you get a ready-to-use solution that takes the hard work and the guesswork out of compliance and helps you avoid costly mistakes.
• Proven track record: Our team has been through the wringer with compliance, so you don’t have to. Imerale was developed with the real-world experience of people who know exactly what it takes to stay compliant in a regulated industry.
• Single source of truth: Imerale creates a singular customer view and automates compliance processes. Imerale was developed to align risk data signals into one view and to take away the pain of undertaking endless manual tasks. We make compliance easier so you can focus on your core business.

At the end of the day, your business is about growth and innovation. Compliance should never hold you back. So, stick to what you do best, whether it’s payments, crypto, or fintech, and let Imerale handle the complexities of compliance for you. We’ve been where you are, and we’ve built the solution to help you succeed, all while ensuring you’re meeting your regulatory obligations.

Make compliance your unfair advantage with Imerale, meet us here!