StandardC provides a portable business identity solution that streamlines onboarding, due diligence, and compliance monitoring for the cannabis industry through AI-powered identity verification and risk management tools. This technology enables cannabis businesses to efficiently access banking, lending, payroll, and insurance services while ensuring adherence to regulatory requirements.
Funding
$9.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cannabis businesses face significant hurdles in accessing essential financial services due to stringent regulatory requirements and the need for enhanced due diligence. Traditional onboarding and compliance processes are often manual, time-consuming, and lack the necessary automation to efficiently manage risk and ensure regulatory adherence.
Solution
StandardC offers a suite of AI-powered software modules designed to streamline onboarding, due diligence, and continuous monitoring for businesses, particularly those in the cannabis industry. The platform provides tools for identity verification, risk screening, and compliance management, enabling businesses to efficiently navigate complex regulatory landscapes. By automating key processes and providing real-time monitoring, StandardC helps financial institutions and other service providers confidently engage with cannabis-related businesses while mitigating potential risks.
Target Audience
StandardC primarily targets financial institutions, lenders, and commercial businesses that require robust onboarding, due diligence, and monitoring solutions, with a particular focus on serving the cannabis industry.
Features
- AI-powered KYC (Know Your Customer) and KYB (Know Your Business) screening and monitoring for continuous risk assessment
- Advanced identity proofing and verification to validate the identities of clients and beneficial owners
- Dynamic onboarding and underwriting with customizable applications, questionnaires, and document checklists
- Virtual Site Visit mobile application for remote inspections with GPS coordinates and due diligence logging
- CRB (Cannabis-Related Business) and MRB (Marijuana-Related Business) screening and monitoring to comply with cannabis banking AML & BSA guidance
- Task Manager for internal and external requests, automating workflows and logging due diligence
- License search and screening across the U.S. and Canada
- Automated monitoring of license status, business registration, Metrc transactions, and adverse media