Green Check Verified
Outstanding Performance > Best New Product
Green Check’s banking compliance management platform is cloud-based and specifically designed for cannabis banking. One of the biggest problems in the cannabis industry is connecting legal cannabis-related businesses (CRBs) and financial institutions (FIs). A mix of local, state, and federal banking laws and regulations make this relationship difficult. Many financial institutions have stayed away from this opportunity, intimidated by the potential risk of illicit funds entering the financial system, forcing CRBs to manage large amounts of cash, hurting their ability to grow.
FIs and CRBs can work together, but how? Green Check's automated processes verifies operational data from CRB day-to-day business activities, analyzes every transaction and automatically feeds that data through the Green Check Compliance Rules Engine where its translated into a language that financial institutions understand.
Green Check distinguishes itself through its technology and its team of experts. The team is comprised of former federal examiners, BSA/AML compliance experts, and technologists who came together to tackle these unique banking challenges.
The Green Check platform was formally launched in January 2019, and is now running compliance programs in multiple states. The platform’s “all-in-one” design, is where hundreds of compliance actions taken daily inside an organization are performed and recorded.
Thanks to the ongoing augmentation of technology with human expertise drives client satisfaction. Green Check’s streamlined, standardized platform, and its regulatory expertise, provide both CRBs and financial institutions with what they need to effectively manage the ever-changing compliance environment. Green Check works within the banking industry - not around it.