Solvent Appoints ILoveCompliance CEO Tim Gunther as Board Advisor

ANNAPOLIS, Md., August 01, 2019 /PRNewswire-PRWeb/ -- Solvent, a Maryland based fintech company, revolutionizing banking and payments with their sights first set on the CBD & cannabis industry, today announced the addition of Tim Gunther to their Board Advisory Team.

Mr. Gunther currently serves as CEO of ILoveCompliance, A TGunther Group company, which services the compliance needs of cannabis and hemp licensees in eighteen states by managing the compliance conundrum that these businesses deal with on a daily basis. His team offers managed compliance services that interfaces technology with policies, procedures, training, and other compliance material against state and federal regulations. Mr. Gunther was previously an executive with PowerDMS where he managed the sales, marketing, and business development teams and assisted in the build-out of risk verticals to include Healthcare, Financial Services, Aviation, Oil and Gas, Retail and Public Safety.

"From the moment we were introduced to Tim, we realized what an asset he would be to Solvent. His strong compliance background substantially accelerated the growth of Solvent, and it continues to provide our partners with a high sense of assurance," said Solvent CEO Tony Richards. "Not to mention he's just a great guy who brings so much life, energy and enthusiasm to cannabis compliance. We couldn't think of a better individual to welcome to our Board of Advisors."

"When I was approached by the Solvent Team to understand more about their vision, it was clear that they were on to something unique, not only having innovative technologies as the backbone but their drive towards compliance was what really attracted me to what they were about," said Tim Gunther. "I joined the team at Solvent because of the diverse makeup of their board and how it covers the payment processing industry, founders of a cannabis POS platform, and technologists who have a proven track record in building impactful technologies."

Tim Gunther and his ILoveCompliance team will be leading the development and execution involved with auditing financial institutions, cannabis-related businesses, as well as hemp e-commerce and brick & mortar businesses in Solvent's ecosystem. Mr. Gunther will also be taking an active role in educating government, regulatory agencies, and bank & credit union organizations on cannabis compliance and banking in partnership with Solvent.

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

About ILoveCompliance
ILoveCompliance, A TGunther Group company, which services compliance needs of cannabis and hemp licensees in eighteen states in managing the compliance conundrum that these businesses deal with on a daily basis. The team offers managed compliance services that interfaces technology with policies, procedures, training, and other compliance material against state and federal regulations.

Contact:
Tim Gunther, Founder & CEO
tim(at)ilovecompliance.biz
https://tgunthergroup.com/

SOURCE Solvent