Expanding Payment Solutions for Banks and Financial Institutions with Steven Kemmerling of CRB Monitor

Expanding Payment Solutions for Banks and Financial Institutions with Steven Kemmerling of CRB Monitor

CRB Monitor and PayQwick have formed a Partnership to Expand Payment Solutions for Banks and Financial Institutions. This will bring best-in-class cannabis payment solutions to clients by expanding the tools and infrastructure needed by banks and financial institutions to manage CRB portfolio risk exposure and meet regulatory expectations effectively.

The new partnership increases PayQwick’s speed for due diligence and on-boarding of CRBs and enhances real-time individual transaction monitoring. By combining CRB Monitor’s data and PayQwick’s treasury and payments platform, the new alliance will ensure greater confidence, security, and soundness for clients of cannabis and financial institutions.

Steven Kemmerling is the Founder and CEO of CRB Monitor. With over 51,000 direct marijuana-related businesses, 129,000 marijuana licenses and 73,000 beneficial owners, CRB Monitor is the most comprehensive database on the cannabis industry. Mr. Kemmerling is an established thought-leader on “cannabis banking,” speaking frequently on the topic at local and national ACAMS events. He is well-known for creating the “Tier 1, Tier 2, Tier 3” MRB framework, which is used in many institutions’ cannabis policies. Prior to founding CRB Monitor, Mr. Kemmerling was a mergers & acquisitions investment banker and a securities litigation consultant.CRB Monitor empowers financial institutions to identify and manage cannabis-related risk and opportunity. CRB Monitor is the leading information vendor on the cannabis industry, with 52,000+ Marijuana-Related Businesses, 131,000+ licenses, 74,000+ beneficial owners, and 1,400+ cannabis-linked securities. Our content is available directly and via multiple KYC software and data partners.