FinTech Lessons from Sallie Krawcheck

Great article by Sallie Krawcheck in Fast Company - What I Wish I Knew As A Corporate Exec That I Now Know As An Entrepreneur.

Aside from what appears to be good advice regarding culture, KYC, values and team building, Krawcheck relates 2 points I think are incredibly important when it comes to FinTech:

  1. Use the calendar as a weapon: Krawcheck explains that for her team, it's all about the date. Features may drop, bugs may live, but you DO NOT MISS THE DATE. This prevents you from delaying, overengineering, overspending and creeping outside the product mandate. She also focuses on the importance of user testing every increment of the product, something that is almost entirely overlooked at traditional Finserv companies.
  2. Stay focused yet flexible: Krawcheck hits the nail on the head when she discusses the danger of ignoring the outside world in an attempt to execute on your organization's strategy. If the world has changed, you must change with it. Know your client and build what they want - not what is best for your company, product or strategy. Ignoring your customer is a sure way to kill your business, regardless of how safe it is in the short term.

S.t.A.M.P.

If you’re a recent convert (like me) from Spotify to Apple Music, you know that one of the only real headaches is the loss of your playlists.

STAMP (Spotify to Apple Music Playlist) solves that problem . It’s a brilliant script that migrates your Spotify playlists to Apple Music. Here’s how it works:

  1. Download STAMP
  2. Export your Spotify playlists
  3. Run STAMP
  4. Create your playlists in Apple Music

Full instructions are on the STAMP homepage. I used it after seeing it on Product Hunt and have to say it works pretty well.  It works by taking advantage of Mac OS accessibility features to “type” searches for each playlist item into Apple Music and then “click” through the process of adding that to your music collection.  It doesn’t actually create a playlist but that’s simple enough.

It’s not perfect: it choked on my larger playlists and got thrown off by songs with nonstandard and lots of non-alphanumeric characters. That said, I was using v1 for free. V2 (not free) might be better.

Some tips:

  1. Make sure you save your exported playlists as csv files if you don’t pull directly into STAMP
  2. You'll still have to create a playlist after you import your music. Go to your music, select the recently imported items and right click to create a new playlist from them.  
  3. Open Apple Music and click on the “new” tab before starting anything (see below)