The CUInsight Network Podcast (Episode 33) featuring Tony Repanich, President & COO of Shield Compliance
This post originally appears on CUInsight.com:
Thank you for tuning in to episode 33 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.
My guest today is Tony Repanich, President and COO at Shield Compliance. Shield Compliance works to transform how credit unions manage risk, comply with regulation, and satisfy growing operational demands associated with serving the legal cannabis market. Shield’s core platform technologies automate the compliance process and give credit unions the structure they need to monitor, measure, and control operations. Their Shield Assure, Shield Engage, and Shield Transact products ensure efficiency and reliability so credit unions can remain compliant while taking risks in a new line of business.
Tony has been in the financial services industry for over two decades. In this episode, he talks about how Shield Compliance can unlock new business opportunities and add value to credit unions. He discusses the economic advantages of cannabis banking and how they can provide the technology needed to mitigate and manage risk. Tony addresses the concerns facing the cannabis banking industry, including regulatory requirements, risk assessments, and personal viewpoints.
Tune in to hear Tony discuss ways to satisfy the regulatory and risk side while supporting access to banking for legal enterprises. Tony also shares ways credit unions in areas with legalized cannabis industries can help make their communities safer by providing access to banking for these cash-heavy businesses. During our conversation, you’ll also hear Tony dive into the cannabis banking playbook that he created to help credit unions understand the logistics of this new environment and frame out what they can expect.
As we wrap up the episode, Tony talks about the magic of Starbucks, his go-to podcast, and his favorite Peloton instructor. Enjoy my conversation with Tony Repanich!
Hear the podcast at CUInsight: Cannabis Banking - Shield Compliance (#33)