RiskScout

RiskScout builds an integrated BSA/AML and fraud platform for banks and credit unions. Justin Fischer is co-founder and CEO and Josh Keys is co-founder and CTO, and the team lists former bankers, regulators and technologists. The platform includes Know Your Business and monitoring tools, initial and ongoing due diligence, and AI Scouts that automate investigative, behavior, filing, onboarding and diligence work. RiskScout does not publish its headquarters or founding year.

Cannabis THC and hemp is one of its named growth markets, alongside MSBs and ATMs, fintechs and foreign individuals. For cannabis programs, FirstPass reports check a business's license claims and flag red flags for review, Variance Tracking compares revenue and inflows across a THC portfolio over time, scheduled checkpoints collect updated client information, and case management supports SAR decisions with FinCEN filing support. In 2022 CRB Monitor licensed its cannabis licensing and violations data into the platform, and Woodland Bank credits RiskScout in its cannabis banking program.

RiskScout sells to the financial institution rather than the cannabis operator. Banks and credit unions can run a cannabis program on the same BSA/AML platform used for MSB, ATM, fintech and foreign-individual programs, and API documentation is published for integrators. Its cannabis page presents the program as a way for banks to serve legal hemp and THC businesses nationwide. Pricing is not published; banks request a demo or get started through the site.