Compliance Solutions for Higher-Risk Markets

Turnkey Solutions to Safely and Effectively Enter New Growth Markets

United Bankers’ Bank has partnered with RiskScout, the nation’s leading onboarding and due diligence fintech platform.

RiskScout provides streamlined compliance solutions surrounding hemp, cannabis and other emerging markets. Through this collaboration, UBB’s community bank customers will have the ability to offer financial services to underserved businesses such as private ATMs, cash intermediaries, money service businesses, hemp, cannabis, cryptocurrency and more.

Types of Underserved Businesses You Can Bank with RiskScout

  • Private ATMs
  • Cash Intermediaries
  • Money Service Businesses
  • Hemp
  • Cannabis
  • Cryptocurrency
These types of underserved businesses often pose a challenge due to the sheer magnitude of enhanced regulatory obligations that come with banking them. RiskScout’s platform acts as a safety net for your community bank and was developed by a deep bench of former technologists, BSA officers and bank examiners. The platform will assist your community bank in opening larger deposits, generating more noninterest income and creating new loan opportunities by leveraging the resources you already have.

Benefits of Serving Higher-Risk Businesses with RiskScout

  • Develop new sources of low-cost deposits
  • Generate non-interest income
  • Create new loan opportunities
One of the advantages of working with RiskScout, is that they turn complex compliance into simple solutions that grow and protect your community bank. Some of the solutions provided include:

Expert Compliance Consulting

RiskScout’s regulatory compliance experts will assist you in drafting compliance plans and policies tailored to your community bank’s needs and risk parameters.

New Market Activation

Launch and promote your program in new markets with hosted microsites, branded content, SEO optimization, and exclusive access to the VeriLeaf CRB Marketplace.

Bespoke LeadGen & Onboarding

Tailor online applications for various markets, product lines, or regions and create dedicated workflows to streamline qualification, risk assessment and onboarding. 

FirstPass Verification

Verify businesses effortlessly using FirstPass Verification with detailed reports providing all the necessary information needed for a safer, more informed decision-making process. 

Ongoing Due Diligence

Centralize enhanced due diligence and ongoing monitoring with RiskScout's Reviews configured to your institution's policy requirements and customer mix. Maintain a dynamic, up to date customer profile with CheckPoints.
Whether you need to enhance your current program or start from scratch, RiskScout can support your community bank in designing and implementing a BSA/AML program for serving higher-risk businesses.
Explore higher-risk markets with confidence, click the button below to request additional information and pricing.