CANNAINVESTOR Magazine U.S. Privately Held August 2018 | Page 55

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eXPOTM The Freedom To Pay

WHO YOU WANT & WHEN YOU WANT

eXPOtm is available as both a mobile and internet-based application. It's your payment portal, whether you are a consumer, business or government entity.

Competition

In order to provide the

full suite of financial services needed for a business in a highly regulated industry, a company must:

- Be registered as a financial institution

- Have relationships with a tier one bank to hold the

enormous amount of money

- Maintain the four pillars to an effective BSA/AML program:

1. Internal policies, procedures, and related controls

2. Designation of a compliance officer

3. An ongoing training program

4. Independent review for compliance.

For many banks and financial institutions, this is too costly to administer so they choose not to.

Other FinTech Companies do not have this solution nor the depth of relationships in the cannabis industry or the desire to interrupt their current business to create it.

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