FOR FINANCIAL INSTITUTIONS
The complete solution for transparent and scalable cannabis banking
Green Check’s financial institution clients represent the largest and most trusted network of service providers banking the legal cannabis industry. Through industry-leading software and advisory services, we enable your institution to develop an end-to-end cannabis program built on a foundation of efficiency, transparency, and scalability for long-term success.
OUR CUSTOMERS
Trusted by the best in the business
Why Green Check
Chosen by more financial institutions than any other provider in the cannabis banking space, Green Check offers our clients the best-in-class software, data insights, and services needed to build and scale leading cannabis banking programs, not projects. With Green Check, you can automate the most time-consuming, error-prone aspects of cannabis banking compliance with the unparalleled accuracy examiners expect. Combined with our expert advisory services, which cover you from initial evaluation all the way through to customer acquisition, we are a full-service partner to your institution as you achieve a highly successful program.
GREEN CHECK AT YOUR SERVICE
Program Readiness Engagement
Our team of subject matter experts guide you through every step needed to make your institution cannabis banking ready. Using proprietary data and tools, along with vast experience building and scaling successful programs, we ensure that your institution kicks off this line of business with the tools, information, insights and program roadmap needed to succeed in cannabis banking.
COMPREHENSIVE PACKAGE INCLUDES:
Risk Assessment Workshop & Tool
Green Check’s compliance experts work with your institution to evaluate your existing control environment, assess your FI’s cannabis-specific risks and needed controls, and deliver custom guidance and documentation to set you up for program success.
Financial Model Workshop & Tool
Leverage our industry knowledge to determine the market opportunity and financial impact of your program. Develop a customized model based on your priorities while determining what products, services and pricing you want to offer. Finally, forecast and track the performance of your cannabis banking program.
Policies and Procedures
You gain access to our full resource library of program documentation, and our team works in tandem with your institution to update your program documentation in preparation for a successful, compliant launch.
Go-To-Market Strategy
Green Check helps you define your institution’s product and service offerings based on industry benchmarks and market opportunities. This includes helping you implement the operational processes that best fit your institution. Additionally, we supply you with key success metrics and milestones and help you define your communications strategy to the market.
Board & Employee Training
Green Check’s compliance experts will develop a bespoke curriculum for your board of directors, as well as the employees involved in building the cannabis banking program. Training facilitates a true understanding of the legal cannabis industry, as well as the specific regulatory and operational factors relevant to your program.
Co-Developed Board/Examiner Presentation
Green Check helps you compile — and if requested present — a comprehensive board/examiner presentation incorporating workshop deliverables, tools and resources.
OPTIONAL ADD-ON
Lending Readiness Engagement
According to Whitney Economics research, the cannabis industry needs up to $130.7B of sustainable growth capital over the next decade. Get ready with cannabis-specific lending policies, procedures, strategies, and technology.
Our Complete Solution
Due Diligence
Launch and scale your cannabis program by identifying customers that best match your program’s goals. With our streamlined onboarding feature, you can standardize your enhanced due diligence process and automate documentation upkeep and maintenance — allowing you more time to focus on building customer relationships.
Compliance Rules Engine
Analyze in real time the sales and inventory data flowing through each cannabis business in your portfolio and identify any exceptions to the applicable regulatory requirements for their license type. The result — you’re able to prevent any non-compliant funds from entering your institution while maintaining visibility into your customer’s corrective actions.
Advanced Insights
Access new data sets, create automatic configurable alerts to identify out-of-norm behavior and set configurable thresholds fine-tuned to your institution’s appetite. With this feature, you can easily access the data you need to ensure your program stays in line with both your compliance needs and strategic goals.
Account Monitoring
A strong cannabis program employs the necessary account oversight activities to surface anomalies and identify trends, both for a single account and across your portfolio.
Green Check’s standardized review process helps you reduce the time and effort required to perform oversight while giving you unparalleled visibility into each cannabis business’s activity.
FinCEN Reporting
Greatly mitigate the time, cost, and risk associated with your FinCEN reporting requirements. The standardization and automation features of the Green Check platform not only make your reporting requirements less time-consuming and cumbersome, but it helps eliminate the risk of reports being omitted or filed incorrectly. This gives your program the needed tools to tackle one of the most common challenges for banking the legal cannabis industry.
Marketplace
Leverage the intelligent match capabilities of the Green Check Connect marketplace to find prospects that fit your ideal customer profile. Additionally, increase the stickiness of your current relationships by helping your cannabis customers find new, vetted, and non-competitive business services. By participating in the marketplace, your products and services become visible to thousands of cannabis businesses currently on the platform.
NEW FEATURE
Portfolio Management
Get a 360-degree view of your portfolio’s performance, enabling you to make smarter, faster decisions without the guesswork.
Transform Data into Strategic Insights
Convert raw data into actionable insights that help shape your business strategy, providing clarity on where your opportunities and challenges lie.
Visualize Key Trends & Metrics
Easily spot trends and monitor key performance indicators across your cannabis portfolio. The dashboard’s visual tools help you track growth, identify risks, and seize opportunities for expansion—all in real-time.
Proactively Manage Growth
Make data-driven decisions to reduce customer churn, improve engagement, and ensure sustainable growth. With holistic visibility, you can anticipate changes, respond quickly, and proactively guide your cannabis program towards success.
ADVISORY + TECHNOLOGY + RISK MONITORING
Green Check Lending Alliance
Green Check, Coda Capital Advisors, and CTrust have formed a strategic relationship to accelerate lending to direct cannabis-related businesses in a prudent and profitable fashion. The partnership is designed to supplement financial institutions’ in-house capabilities by bringing data-driven solutions to compliance, policy guidance, financial underwriting, servicing, on-going risk monitoring and reporting.
Benefits for Financial Institution Participants
- Fully-Vetted, High-Quality Lending Opportunities
- Capital Participation
- Upfront Credit and Operational Rating
- Industry-Specific Underwriting KPIs
- Real-Time Capital Markets Pricing
- Balance Sheet Relief via Participation Network
- Industry-Leading Compliance
- Data-Driven Market Analyses
- Ongoing Risk Assessment
- Unparalleled Transparency
Green Check has been an excellent partner from the start! Not only are they willing to share their extensive experience and network of connections in the industry, but they are also willing to listen and truly design the program that our institution felt comfortable with. Beyond their partnership, the platform is easy to use, understand, and leverage to drive you and your cannabis-related businesses forward.
Tausif Lodi
Business Development Officer and Cannabis Banking Specialist
Our partnership with Green Check allows us to operate an effective, efficient and transparent line of business that is unique to our bank, and this new set of features gives us amazing insights into our program as it grows along with this rapidly expanding industry.
Keri Cain
Director of Special Programs, Regent Bank
I have been impressed with Green Check Verified’s commitment to excellence. It’s very collaborative and a very low-pressure process. The process was very much custom designed to what we wanted in our program.
Josh Herman
Enterprise Risk Manager of Frankenmuth Credit Union
Green Check has provided us with the support and structure we needed to be successful. They are quick to respond to our inquiries and have offered valuable advice on how to be more successful in serving our clients.
Chris Hartman
EVP, Chief Deposit Officer of Cogent Bank
Green Check has done a phenomenal job. They listen to us. They collaborate very well. In the selection process, their clear knowledge behind the industry was an easy sell for us. There was no question left unanswered.
Therly Baker
VP of Operations, Greater Nevada Credit Union
We’ve always been impressed with the quick response time from Green Check, the continuous support they provide to us and our customers, and the always-evolving software advancements that have taken place over the past four years.
Nicolas Karmelek
Chief Risk Officer, Avidia Bank
HEAR FROM YOUR PEERS
Customer success stories
