CRB Monitor - a leading provider of cannabis corporate intelligence - announced its newly formed partnership with RiskScout to offer a commercial BSA/AML platform that streamlines complex compliance processes to verify, onboard and manage emerging market businesses including cannabis.
“We are thrilled to partner with RiskScout, which successfully guides financial institutions through complex and high-risk banking compliance challenges,” said Steven Kemmerling, founder and CEO of CRB Monitor.
“As federal and state regulatory hurdles continue to evolve for the cannabis industry, integrating CRB Monitor’s data within RiskScout’s enhanced due diligence platform will help ensure that banks and credit unions don’t run afoul of the rules,” Kemmerling added.
The new licensing agreement will integrate CRB Monitor’s marijuana-related business, licensing, and violations data within RiskScout’s enhanced due to diligence platform.
"We share CRB Monitor’s objective of reducing the cost and complexity of banking and financial services for the cannabis industry,” said Justin Fischer, co-founder and CEO of RiskScout. “We’re excited about the partnership and added value for our users because CRB Monitor has the most comprehensive cannabis licensing data we've seen.”
CRB Monitor And RiskScout
CRB Monitor empowers financial institutions and cannabis industry participants to manage better and monetize cannabis-related risks and opportunities. Known for its breadth, depth, and integrity, CRB Monitor has become the industry standard for cannabis-related market intelligence, with daily coverage of over 62,000 Tier 1 CRBs, 115,000 marijuana business licenses, 100,000 beneficial owners, and 1,800 cannabis-linked securities.
RiskScout is a commercial BSA platform that streamlines complex compliance in verifying, onboarding, and managing emerging market businesses such as hemp, cannabis, private ATMs, crypto, MSBs, and more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!