The Role of Legal in Fintech: Insights from Revolut
Description
Summary
In this episode, Matt interviews Philippa Poole and Daniel Geller from Revolut, Europe's largest fintech company. They discuss their backgrounds and how they ended up working in the legal department at Revolut. They also talk about the differences between working in a law firm versus a fintech company, the challenges of scaling a legal team in a rapidly growing company, and the importance of automation and AI in their work. They emphasise the need for curiosity, embracing technology, and taking risks in one's career.
Takeaways
- There are many job roles in fintech beyond coding and development, including legal roles.
- Working in-house at a fintech company allows for a closer relationship with the business and a more strategic approach to legal advice.
- As a fintech company grows, the legal team must focus on scalability and automation to keep up with the demands of the business.
- Embracing technology, such as AI, can save time and improve efficiency in legal processes.
- Being curious, staying up to date with new developments, and taking risks are important for career growth in the fintech industry.
Chapters
00:00 Introduction to Revolut and the Legal Department
07:45 Comparison of Working in a Law Firm vs. Fintech
12:37 Scaling Challenges and the Importance of Automation
16:41 The Role of the Legal Department in Keeping Revolut Running
21:56 The Culture at Revolut and Working in a Fast-Growing Company
25:56 Hiring and Skills in the Legal Department
30:50 The Impact of Automation and AI in the Legal Department
36:13 Advice for Young Professionals and Embracing Technology
Philippa Poole - Head of Legal, Commercial
Daniel Geller - Deputy General Counsel
Matt Cheung - Founder Work in Fintech, CEO ipushpull
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