Simplifya, a regulatory and operational compliance software platform serving the cannabis industry, announced the availability of the Simplifya Market Guide for financial institutions working with Shield Compliance. Shield’s purpose-built Bank Secrecy Act and Anti Money Laundering technology platform enables banks and credit unions serving the cannabis industry to manage compliance, onboard clients, and deliver payment solutions with greater efficiency and value to the financial institution.
"Simplifya Market Guide is a key component of the comprehensive toolset we bring to our bankers to ensure they are well informed and have access to the market data they need to launch and scale their cannabis banking programs,” stated Shield Compliance president and CEO Tony Repanich.
Simplifya Market Guide is a next-gen automated solution for licensed cannabis operators and the businesses that serve them, providing comprehensive and user-friendly cannabis market summaries for all 50 states. The platform delivers a suite of regulatory overviews and key market information to Shield Compliance and its financial institution customers on topics such as: banking and lending guidance; tax structure and rates; requirements for investors; insurance guidelines; license types and structure; supply chain dynamics; governing law; policy movement; state insights and more.
“With many credit unions, banks, and lenders operating in numerous states with active cannabis markets, Simplifya Market Guide places up-to-date, comprehensive and easy-to-use regulatory and market snapshots in the hands of Shield Compliance financial institutions,” stated Simplifya CEO and co-founder Marion Mariathasan. “Our collaboration with Shield Compliance will help financial institutions, service providers and lenders save time and money and better manage risk and uncertainty, while improving the financial transparency of marijuana-related businesses – all of which are incredibly important to the health of this sector, particularly during this time of economic downturn.”
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