Solvent Premiers Cannabis Banking Conundrum Explainer Video

"This video encapsulates everything we’ve learned about the circumstances surrounding cannabis banking in 2019 and the steps Solvent is taking to alleviate the uncertainty,” said Solvent Co-Founder & VP of Experience Niki Rogers.

Solvent, a Maryland based fintech company, revolutionizing banking and payments with their sights first set on the CBD & cannabis industry, today premiered an animated explainer video that brings to life the cannabis banking conundrum and what Solvent is doing to solve the problem.

“Solvent was initially created to ‘solve’ the cannabis banking conundrum – and what we discovered was that the problem stemmed far deeper than we imagined. We found cannabis business owners who were hoarding cash, and banks who were lost about servicing those businesses or doing so hesitantly–in constant fear of being shut down. This video encapsulates everything we’ve learned about the circumstances surrounding cannabis banking in 2019 and the steps Solvent is taking to alleviate the uncertainty,” said Solvent Co-Founder & VP of Experience Niki Rogers. “Our goal is to not only make banks more confident about servicing cannabis-related businesses, but also to provide payment processing solutions that ensure those businesses are operating compliantly with more transparency so law enforcement and regulators can ensure the safety of our communities.”

The video was created by BluBlu Studios, a design-driven, award-winning animation production company that thrives on creating sophisticated animated stories.

“If I was to describe our collaboration with Solvent in one word it would be 'inspiring.' Their approach and dedication to providing the best service possible, Solvent can be treated as a benchmark for other companies of different specialties seeking to make the change. And that includes us - BluBlu Studios,” said Creative Partner Jarek Nowak. “As a production company paying special attention to meaningful storytelling and beautiful designs we were happy to see that Solvent team understood and shared the importance of these two factors. From the very beginning, they were clear on what message they wanted to convey both through visuals and story. At the same time leaving us a lot of creative freedom and being open to our input. We’ve done a lot of animations for different clientele but still, I can call working with Solvent exceptional. The result is the 2-minute animation which reminds us why we love doing what we do.”

Stay tuned for future iterations where the team at Solvent will tackle the specific issue of CBD merchant processing, and the future of Cannabis banking and payments.

About Solvent
Solvent, headquartered in Annapolis, MD, is revolutionizing banking and payments by empowering financial institutions to be the 'Authority on Identity.'​ With over 15 years of experience in sales, compliance, enterprise software, and payments, Solvent aims to reduce the risk traditionally placed on institutions by enabling them to serve the legal hemp & cannabis industries. Solvent's technology stitches together big data science, machine learning, and identity verification to create transparency within financial ecosystems in order to safeguard institutions during audits with regulating bodies.

Contact:
Brian Meyer, Co-Founder & VP of Business Development
brian(at)solvent.io
833-765-8685

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