Abrigo Partners with Green Check Verified for End-to-End Support for Cannabis Banking

CANNANNEW REPORT

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. The partnership will ensure community financial institutions have end-to-end support for banking cannabis-related businesses (CRBs) and maintaining compliance. Cannabis is now legal – either medically or recreationally – in most states today, although it remains illegal on a federal level, creating many complexities to providing financial services to this industry. In a recent Abrigo survey, 33% of respondents stated that their financial institution provides services to CRBs or is considering banking CRBs in the future. As this industry grows and changes, banks and credit unions must remain thorough in their due diligence and compliance measures. Abrigo’s BAM+ software and advisory team have helped hundreds of financial institutions navigate the changing cannabis industry with ongoing CRB monitoring and detection. With this partnership, Abrigo can now assist institutions working directly with CRBs. The Green Check Verified (GCV) partnership allows Abrigo customers to understand the scope of their cannabis banking business opportunities, manage account openings, automate the most mundane and error-prone aspects of cannabis compliance, and monitor their cannabis account performance with Green Check’s CRB-facing software solution. Abrigo partners with Green Check Verified to expand cannabis banking support to financial institutions.  Tweet this “The cannabis industry is incredibly complex and ever-changing, but Abrigo has the people, resources, and expertise to help financial institutions navigate the complexity. Whether or not a financial institution plans on banking cannabis-related businesses, we aim to be the go-to resource for understanding how to approach CRB banking,” said Wayne Roberts, CEO of Abrigo. “We’re very excited to partner with Green Check Verified to extend our ability to assist financial institutions with end-to-end CRB banking support.” As Abrigo’s trusted…

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Source : Abrigo Partners with Green Check Verified for End-to-End Support for Cannabis Banking

reposted by Cannabis News World

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