Details

Last Funding Type

Seed

Last Funding Money Raised

$2.02M

Industries

Banking,Blockchain,Financial Services,FinTech,Information Technology,Payments

Founded date

Jan 1, 2017

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

StandardC Inc.

Also Known As

StandardC

StandardC is transforming how businesses manage risk and compliance. 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 business compliance. 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. How Financial Institutions & Business Services Manage Risk & Compliance. Software and advisory services to build, grow, and maintain cost-effective solutions for a wide range of compliance-intensive business customers with the StandardC Credential™

The StandardC Credential™ is a validated business ID that identifies compliance-intensive businesses as credible and viable, allowing them to qualify for banking and other critical business services more readily.

StandardC empowers compliance-intensive businesses to create and manage their StandardC Credential™ to streamline applications for banking, lending, insurance, payroll, and other vital services. Once established, a business's StandardC Credential™ is automatically maintained and updated within the StandardC platform to ensure transparency into the company's health, thus ensuring the sustainability of an ongoing relationship with financial institutions and service providers. This portable business ID contains a folio of all pertinent company information, documents, and data on key persons and beneficial owners.

Lower compliance cost structures. With compliance and profitability a focus, financial institutions, and service providers benefit from lower compliance cost structures derived from automated and streamlined initial and ongoing due diligence, KYC, Know Your Customers' Customers (KYCC), and Anti-Money Laundering (AML) transaction testing and compliance.

Know Your Customer (KYC). The StandardC platform streamlines risk management by empowering financial institutions and service providers to perform robust KYC for entities, beneficial owners, and control parties.

Know Your Customers' Customers (KYCC). Automated monitoring for your clients, their customers, and vendors - StandardC's software monitors cannabis license status and screens for watchlist hits, adverse media, and public disclosures to help meet regulatory and compliance obligations.

Pre-transaction monitoring & analytics. StandardC performs automated pre-transaction AML, KYC, KYCC, and counter-party license verification to reduce the burdens on your operations and compliance teams.

Single channel for communications and document archiving. StandardC simplifies data sharing and communications with your clients using a secure chat and file-sharing system, where all communications and interactions are logged in a central audit trail.

One immutable audit trail. StandardC's Distributed Ledger Technology enables one central, immutable audit trail to simplify compliance by automatically capturing and logging key data and records.