“It’s not only just solving the daily operations and providing access, but we do care a lot about the actual industry and trying to change the stigma around it.”
Physical safety is also a concern that fintech startups are trying to address. The more banks that go online and enter the space, the safer the people involved in the industry will be. With Mastercard and Visa out of the game, newer software startups have stepped in to ensure that small and large cannabis retailers show transparency at each step.
Invoice financing is when LeafLink provides upfront payments for a supplier via ACH, the same way a bank processes a paycheck, while then assigning invoices to the endpoint retailers. In facilitating large sums of money movement digitally, the startup makes it easier for these suppliers to scale. Credit unions in particular have led the charge in adapting fintech, compared to national banks, because of their smaller scale and ability to cater to their local communities.
“We’re kind of setting the tone in terms of what ‘compliant’ means. As the market matures and things exist in the space and you’re not seeing the sky falling, more and more banks are getting involved,” says Jennifer Yager, senior vice president of anti-money-laundering compliance at. Partnering with multi-state cannabis operators, Valley Bank had to help customers find banks, wallet service providers, and even cash transport companies who were willing to touch cannabis cash.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Firings, Privatization, And A Kitchen Sink: Inside Elon Musk's First Days At TwitterFirings, Privatization, And A Kitchen Sink: Inside Elon Musk's First Days At Twitter via insideevs.com
Read more »
Aubrey Plaza and Adam DiMarco say they ‘became’ their ‘The White Lotus’ charactersHappy Halloween and WhiteLotus season 2! Aubrey Plaza and Adam DiMarco told annackaplan about how the setting of the show — and the hype of TheWhiteLotus itself — impacted their lives. 📸: HelenSnaps
Read more »
Simone Ashley and Zayn Malik to Star in a New Animated Film TogetherIt’s official: Zayn is making his feature film debut.
Read more »
Simple and Delicious Savory Stuffed Pumpkin Is A Holiday Party HitThis absolutely delicious savory stuffed pumpkin recipe is perfect as an appetizer or side dish for Thanksgiving or for any occasion. The options are endless. How would you make it? pumpkinrecipe appetizer thanksgiving
Read more »
What Direction Will CRMs Go in 2022? | HackerNoonA well-designed customer relationship management system makes it easy for you and your team members to manage your company's customer records. - cc: CRMio500apps 500apps crmsoftware crm
Read more »