Green Check Managed Services to Aid Cannabis Banking Programs

Green Check, an organization that offers compliant commerce in high-risk industries, just launched Green Check Managed Services, a new included solution for Green check clients designed to help financial institutions (FIs) scale their cannabis banking programs faster, without stretching internal resources.

This offering allows banks and credit unions to expand and accelerate growth opportunities, according to the organization.

“Fast-growing programs can often run into roadblocks due to competing priorities or overextended teams,” said Kevin Hart, CEO of Green Check, in a news release. “Managed Services removes that friction. Institutions don’t need to hire a new team to grow their programs, they really just need the right partner. That’s where Green Check comes in.”

Additional Resources with Green Check

With Managed Services, financial institutions gain access to:

Onboarding and due diligence for cannabis-related businesses (CRBs)

Integrated ideal-prospect matching to find and attract new businesses

Enhanced ongoing monitoring and risk rating

SAR drafting (initial and ongoing)

Integrated Portfolio Management for end-to-end program visibility 

“Green Check’s managed services team has been a game changer for United Prairie Bank,” said Shelly Doll, COO of United Prairie Bank, in the release. “Their cannabis banking experts stepped in with hands-on support that kept us confident and compliant. They now handle the daily license monitoring and even reach out directly to our clients, giving our team the full support we need. We look forward to continuing to leverage Green Check’s managed services team to support our compliance team, allowing our program to grow and scale without needing to add additional headcount.”

Managed Services is the first in a series of offerings from Green Check that are now available, according to the company, aimed at helping FIs grow profitably and sustainably in high-risk verticals, including advanced portfolio insights to identify new customer opportunities and manage scale. 

“Other providers talk about helping banks grow. We actually do it, without extra fees or limitations” said Hart in the release. “This launch is our extension to that ongoing commitment to our customers.”

The post Green Check Managed Services to Aid Cannabis Banking Programs appeared first on Beverage Information Group.