DCI, a privately-owned developer of core processing, digital banking, and fintech processing solutions, said it is backing a partnership between RiverBank, a Washington-based community bank, and Green Check (GC).
Green Check will manage the digital front-end and customer onboarding and DCI’s iCore360 will enable direct core booking into RiverBank’s systems, which should simplify money movement and account management for cannabis-related businesses (CRBs). The partnership will enable money movement with real banking tools, ACH, wire transfer capabilities, and what the companies are calling the first true cannabis debit cards — allowing for more service providers to work with the cannabis industry efficiently and compliantly.
The companies said the partnership could serve as a blueprint for the future of fintech and sponsor banking: built into the core, with compliance at the center, and purpose guiding every decision.
“DCI’s direct-to-bank approach to BaaS is what sets us apart in this industry,” explains Joe Warner, Fintech Sales Manager at DCI. “Our infrastructure supports our dedication to doing things the right way for bankers. At the peak of change and uncertainty in Fintech, it wasn’t time to shy away, it was time to buckle down. Doing so is why we’re able to celebrate the success of these partnerships today.”
