Shield Compliance is a cannabis banking platform that is transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations and satisfy operational demands across the United States.
Shield Compliance is creating safe, compliant retail environments so banks and high-risk merchants can thrive securely.
Shield Compliance was founded in 2014 by Noah Carey. The company is headquartered in Seattle, Washington.
Shield Compliance automates and improves the cannabis banking compliance process while driving down operational costs.
Shield Compliance's. purpose-built AML/BSA compliance management software solution sits behind the financial institution to simplify compliance, automate processes across multiple data sources, create efficiencies, unlock new revenue, and scale operations.
The Shield Data Hub is a central component of Shield’s cannabis banking platform. It works by aggregating financial institutions’ transaction data and demographic records with restricted and publicly available information from state and local governments, seed to sale tracking, and client financial statements.
Shield Compliance is backed by Copia Investments. The company raised $5M from a latest Series A financing on Nov 19, 2019. This brings Shield Compliance's total funding to $10M to date.