Shield Compliance sets the standard for compliance excellence in cannabis banking. Its purpose-built BSA/AML software solution sits behind the financial institution to simplify compliance and risk management, accelerate the new client application and underwriting process, unlock new revenue, and scale operations.
The Shield compliance management platform aggregates financial institutions’ transaction data and demographic records with restricted and publicly available information from state and local governments, seed-to-sale tracking, and client financial statements. This approach enables financial institutions to grow their portfolios and gain an early-mover advantage on new customer relationships while protecting themselves from the risks associated with serving this industry.
The legal cannabis market offers a unique opportunity for financial institutions to gain new low-cost deposit growth, non-interest income, and earning assets.
To learn how the economics of cannabis banking can support the growth of your financial institution, please visit https://www.shieldbanking.com/request-consultation.
Cannabis Banking
https://www.shieldbanking.com/