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greencheckverified.com

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Founded Year

2017

Stage

Convertible Note - II | Alive

Total Raised

$7.95M

Last Raised

$3M | 4 mos ago

About Green Check Verified

Green Check Verified is a RegTech platform that enables transparent, verifiable, compliant banking for the cannabis industry via distributed ledger applications.

Green Check Verified Headquarter Location

27499 Riverview Center Blvd Suite 207

Bonita Springs, Florida, 34134,

United States

203-671-2661

Latest Green Check Verified News

10:15 ET Abrigo Partners with Green Check Verified for End-to-End Support for Cannabis Banking

Sep 14, 2021

News provided by Share this article Share this article AUSTIN, Texas, Sept. 14, 2021 /PRNewswire/ -- 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. "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 partner, GCV helps assess the size of the business opportunity for the financial institution and assist compliance teams with communicating the benefits and logistics of banking these CRBs with the institution's board and leadership team. GCV's expert team also provides a software solution that allows financial institutions to interface directly with CRBs, ensuring that no suspicious activity goes undetected. If an institution decides that it wants to bank cannabis, GCV's software allows the institution and CRBs to have a more direct relationship and for BSA professionals to conduct enhanced due diligence on these high-risk transactions. Green Check's software also offers advanced insights into the performance of an institution's CRB accounts and CRB portfolio. With Abrigo, financial institutions are able to receive both software and expert assistance throughout the entire process of banking CRBs. "We are excited to embark on this partnership with Abrigo, whose industry reputation and dedication to thoughtfully supporting financial institutions makes it a natural fit for Green Check," said Kevin Hart, CEO of Green Check Verified. "We've seen an unprecedented number of financial institutions pursue this line of business in 2021, and partnering with Abrigo allows us even broader expertise and resources as we help these institutions build best-in-class programs." Abrigo and GCV are hosting a free webinar to demonstrate the software and partnership on September 27, 2021, at 2:00 pm ET. For more information about the partnership or the demo, click here . About Abrigo Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo. About Green Check Verified Green Check Verified (GCV) is a regulatory software and services company founded in 2017 by a team of technology, banking, and regulatory experts. GCV focuses on the intersection between community banking and the emerging legal cannabis industry and aims to provide the services and tools needed to connect these two industries in compliant and profitable ways. For more information about Green Check Verified, visit  www.greencheckverified.com . SOURCE Abrigo

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Expert Collections containing Green Check Verified

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Green Check Verified is included in 4 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

C

Cannabis

3,615 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.

B

Blockchain

3,312 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech

26,163 items

US-based companies

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