If you're a fin-tech startup founder, my advice is find a niche that can disrupt the current status quo on the market and conduct a lot of customer interviews to check if this solution is in demand.
At the same time, although the industry is heavily regulated, you don’t need to plan everything before you start. Your perspective on compliance will likely change after your project begins, as you reality-check your assumptions. Moreover, compliance rules are always evolving, so overthinking that part might mean wasted time when new regulations emerge. Be reasonable, come up with a great product idea, keep regulations and compliance in mind, but remember the saying “if there is will, there is a way.”
This is something we experienced ourselves. When we started Gainy, a financial company in the US, we questioned every single legal term. We tried to be perfect and lost valuable time. But we learned that you can never predict all potential complications. But in the end, compliance is flexible; its enforcement is not about adhering to every letter of the law but ensuring that you reasonably follow the rules to make your business legal and transparent.
So, it's fine to address compliance issues as they arise. In most cases, there are multiple legal ways to find a solution and maintain compliance.