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Yael Simon

Founder, Fintel Security

With over 20 years’ strategic funding experience in the corporate and non-profit sector, Yael has dedicated most of her career to research and field development of economic development in key regions through Europe and the Middle East. An entrepreneur and market strategist, a public speaker and writer, Yael is also a female founder in RegTech, where she is the founder of Fintel Security, a strategic solution for companies looking for a long-term plan to mitigate the risks of money laundering, terror financing and sanctions to their corporate reputation and financial success.

What is it about FinTech that excites you?

Fintech is not just fintech anymore. It is everything that cross breeds with it – intelligence, investment, economic empowerment and development, wealth creation, political science, culture and social anthropology all pointing toward the fundamental philosophy of economics, which people tend to ignore. In our interconnected world, we need to see how a collaboration of forces will allow Fintech to evolve into solutions for the next 50 years. So, we should ask ourselves – what will the birth of Fintech really lead to?

What do you enjoy doing in your time away from work?

I have a very big family – keeps me grounded, busy and focused. I love cooking and entertaining, Im a photographer and a pianist and I love to travel – usually alone, so I can make the most of the experience. Reading is essential and swimming is a meditative sport for me. Just give me a day off and I will maximise it 🙂

What is the biggest change that you have witnessed in the sector over the past 12 months?

I think the Fintech world has turned into a bit of a Tower of Babel and it is a dog-eat-dog competition, with siloed strategy and people look more inward to solidify. Whilst I’m all for corporate introspection, I think the sector needs to think more outside the box to expand our opportunities. Nothing can be taken for granted anymore, so it will never be ‘business as usual’ because there is no usual business anymore. Now, with borders falling and new trade deals, financial institutions that were once ‘too big to fail’ crumbling under sanctions and fines, its all about flexibility, collaborative strategy and learning how to find corporate solutions that work for as much of humanity as possible. There is a hint of CSR in my theme and I believe without a broad view of the world and not merely economics, we will succeed in bringing about tangible change to people who work and benefit from our innovation.

The biggest change I think is, we are moving away from automated systems and the payments discussion to cybersecurity, data management and value and pathways toward easier and cheaper compliance to meet regulatory burdens.

Also, I notice that the AI boom bubble is about to bust – for all the hype, we need to find hybrid models of human analytics too. We are doing this at Fintel Security and it is a very welcome change in the industry.

Who would be your top 3 dinner party guests and why?

  1. The Queen: being a leader is tough. But feeling that there is a higher calling when being a leader has an added challenge. Not enough leaders are selfless in this way and the Queen personifies everything good about serving a higher purpose, serving the people, duty, obligation and honour. Why are our lives any different? We should have more reverence for business and methodologies, we need to serve a higher calling through business and feel that we have a duty and obligation to the people we serve. Most importantly, The Queen teaches us that we must not interfere with the obligation. I love that and need more of those people in my life.
  2. Eugene Kandel – is an Israeli economist, the CEO of the Start-Up Nation Central, and an Emil Spyer Professor of Economics and Finance at the Hebrew University of Jerusalem.