Shield Compliance and POSaBIT Bring Compliant Cannabis Banking and Payments to the Industry

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Summary

The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. About Shield Compliance Shield Compliance transforms how financial institutions manage risk, comply with regulations, and satisfy operational demands associated with serving the legal cannabis market. SEATTLE – Shield Compliance (www.shieldbanking.com) and POSaBIT (www.posabit.com) announced a strategic alliance to provide cannabis-related businesses (CRBs) and financial institutions a complete end-to-end view of compliance to ensure the transparency and traceability of transactions while also creating new revenue opportunities. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly, and utilizes top-of-the-line hardware. Each month, POSaBIT processes millions of dollars of transactions for merchants across the U.S. “POSaBIT puts compliance at the center of everything it does.

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SEATTLE – Shield Compliance (www.shieldbanking.com) and POSaBIT (www.posabit.com) announced a strategic alliance to provide cannabis-related businesses (CRBs) and financial institutions a complete end-to-end view of compliance to ensure the transparency and traceability of transactions while also creating new revenue opportunities.

The alliance showcases the strengths of both organizations:

Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to...

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