FirstPass Provides Seamless Solution for Safer Decision-Making Process Through Secure Web Console
Founded by Austin techpreneur Justin Fischer, FirstPass is available as both an ad hoc reporting service, as well as an add-on service integrated into RiskScout's onboarding and compliance platform.
AUSTIN, Texas, Sept. 16, 2021 /PRNewswire-PRWeb/ -- Trust but Verify. That's the key to working in industries where there may be significant exposure to risk. How does one know the prospect or client they are about to work with is operating in the way they think they are?
This can be a common issue in the worlds of Cannabis, THC, and Hemp, when law firms, CPAs, and real estate lenders often attempt manual verification of these types of businesses when running important transactions. Now there's a solution to streamline verification. It's called FirstPass, and it's changing the paradigm for countless industries.
Founded by Austin techpreneur Justin Fischer, FirstPass is both available as an ad hoc reporting service, as well as an add-on service integrated into RiskScout's onboarding and compliance platform.
These verification services are available as one-time reports, for professionals researching just a handful of businesses per month, or as part of ongoing programs for larger institutions, such as intermediaries and wholesalers, large volume firms or organizations, and banks looking to execute prohibited business checks on their base.
Suppose a particular business says they are only operating in an ancillary capacity, however you find out they are involved in plant-touching, which might violate your organization's requirements. FirstPass can return this information in a matter of hours.
These include business addresses, all relevant license validation in applicable states, comprehensive negative news searches, review of social media accounts for claims and issues, website review, business formation, and key individuals associated with each business.
Businesses may also use FirstPass to run these types of checks on themselves and show this data to prospective banks and financial providers as part of a compliance package.
Similar to RiskScout, FirstPass serves to facilitate risk mitigation for businesses of various degrees of sizes by offering a streamlined, safe and secure portal to trust, but verify key parties, and the ability to scale up as needed.
"To say that navigating the cannabis industry is 'challenging' is an understatement," says D. Cree Crawford, President and Co-Founder of Ionization Labs, an Austin, TX-based SaaS chemical data platform company composed of agriculture, tech, and life sciences industry veterans. "Having a tool to pre-screen companies and individuals with data specific to our industry is invaluable. We utilize FirstPass as an initial precursor to issuing quotes or investing time into exploring a professional opportunity. FirstPass has given us insights allowing us to make decisions based upon valuable industry data saving us time and money."
Ionization Labs is committed to delivering robust chemical data solutions through standardization, innovation, and software to empower its clients with faster, higher-quality chemical data. The Ionization Labs' platform is considered to be the standard for next-generation chemical data solutions.
Says Justin Fischer, CEO and Co-Founder of RiskScout, "Ionization, like many in the industry, needs to ensure that the businesses they work with are above board and are properly licensed. We are happy to leverage our technology and compliance expertise to get these reports turned around rapidly."
For more information on FirstPass, visit http://www.riskscout.com/firstpass.
Media Contact
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SOURCE FirstPass
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