Co-founder of Forte Analytica and Boyd Retail & Investments Group.
View Author ProfileRunning a fintech company is never a simple task, but managing one from the other side of the world comes with its own unique set of challenges. As the Head of Growth for Credit Card Compare, a leading Australian credit card comparison platform, I've had to manage the complexities of overseeing operations from my base in the UK.
While it's been far from easy, and I think my coffee addiction has gotten significantly worse, it has also been an incredibly rewarding experience that has taught me valuable lessons about remote leadership, innovation, and customer-centricity.
One of the biggest challenges of running an Australian company from the UK is the challenging time zone difference, especially with a young family. Getting a “normal” work-life balance is far from normal.
The key tips for running a global fintech company remotely:
With my team spread across Australia and Southeast Asia, I often start my workday before dawn, fueled by at least 2 espressos. However, this early start is crucial for staying connected with my team and ensuring we remain aligned with our customers' needs.
Beyond the logistical challenges, there's also the issue of staying attuned to the pulse of the Australian market. It's not just about managing different time zones; it's about syncing with the rhythm of Australian news and consumer trends.
I've found that building strong relationships with local media outlets and industry partners is essential to overcome this. Regular phone calls and video conferences help me stay informed and connected, even thousands of miles away. Any marketer who has worked with Australian news outlets will tell you that they are lightyears behind the UK and the US in how they connect with businesses and new stories.
Another key aspect of successfully running a remote team is leveraging technology to its fullest potential. At Credit Card Compare, we've integrated AI and data analytics to enhance the user experience and improve customer engagement. By constantly experimenting and iterating, we've delivered a platform that not only compares credit cards but also educates and empowers users to make informed financial decisions.
However, technology alone isn't enough to build a strong company culture. When leading a remote team, fostering open communication, collaboration, and trust is crucial. I make a point of having regular check-ins with my team members to discuss work-related matters and build personal connections.
We also organise regular all-hands meetings and fly everyone to one location for team meetups, which helps maintain a sense of unity and shared purpose.
Perhaps the most important lesson I've learned from running an Australian fintech company in the UK is the power of adaptability and resilience. When faced with challenges, whether technological, cultural, or logistical, it's essential to remain flexible and solutions-oriented.
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