Article from Benzinga.
SAN FRANCISCO, Nov. 15, 2022 /PRNewswire-PRWeb/ — Today, StandardC, the leading fintech platform that transforms how businesses access financial services, is announcing the expansion of its StandardC Strategic Partner Network. With its ground-breaking portable business identities that provide access to all data about a customer, StandardC partners with companies in banking, lending, payroll, insurance, legal, and cash logistics to streamline customer onboarding and monitoring for businesses in existing and emerging industries, like cannabis. StandardC has already gained significant traction, growing its member network by 560% in the past year.
LBW Insurance and Financial Services and Pasadena Service Federal Credit Union are among those entities utilizing the StandardC network. “We view our role as the one-stop shop for business services, particularly for those in disruptive industries, like cannabis,” said Eric Stelnick, Vice President of Sales at LBW. “With StandardC, we can underwrite our customers more efficiently, while leveraging StandardC to automate our compliance by vetting and monitoring our clientele. By integrating with StandardC’s network of partners, we can tap into technology and tools that provide a more robust offering to the market and ultimately, ensures we’re serving businesses in a more meaningful way.”
“Our goal is to innovate the application and underwriting process while helping financial service providers deliver a better customer experience during the lifetime of their relationship with them,” said Robert Mann, co-founder, and CEO of StandardC. “StandardC enables financial institutions and businesses to access real-time data and automated monitoring that reduces costs and allows them to expand into new and emerging markets. LBW is a leader in the industry and we’re excited to add them to our portfolio of game-changing partnerships that will undoubtedly deliver better and more comprehensive services to our customers.”
Today’s news comes on the heels of StandardC launch of the StandardC Monitoring Center, which automates Know Your Business (KYB) and Know Your Customer (KYC) screening of businesses and beneficial ownership, vendor compliance management, and U.S. & Canadian cannabis license monitoring.
StandardC anticipates continued growth of its strategic partner program, including a forecasted 10X increase in partners in banking, insurance, financial and professional services in the year ahead. For more information visit https://www.standardc.io/ .
StandardC is transforming how businesses access financial services. Backed by a team with deep expertise in risk analytics, banking, payments, and regulatory supervision, the StandardC software platform creates and maintains data-rich digital identities to simplify customer onboarding and monitor ongoing compliance for businesses. By removing the complexities of customer compliance and enhancing visibility into business risk, StandardC improves customer experiences and accelerates business development opportunities for financial institutions and businesses.