Business
There are few things in this world as complicated as banking regulation. That’s especially true when so many small-medium businesses become part of the delivery chain. Tech startup LexAlign is simplifying compliance for banks by developing the “missing piece in the digitization of banking.” In this week’s edition of the Silicon Valley Momentum Podcast, tech-ally Roland Siebelink speaks with LexAlign CEO and co-founder Trevor Lain. They discuss the complexities of what LexAlign does and the challenges of a startup that’s hoping to conquer a new frontier: How the mortgage crisis helped Trevor realize the need for a company like LexAlign. How LexAlign tries to empower small-medium businesses while also fostering innovation and competition. What it’s like for a startup with broad capabilities to find a target customer. Why it’s okay not to have a finished product during the early days of your startup. The importance of having a purpose behind your day-to-day activities rather than being solely focused on money.