A money movement platform to serve diverse industries through payments and P2P mobile transfers.
Monarch is a licensed money transmitter for payment processing, supply chain invoicing and automated taxation remittence for local city governments.
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Monarch is a Money Transmittal License holder as well as a certified Third Party Sender (TPS) with multiple financial institutions.
OPTIMAL SOFTWARE, NO WORRYING
Traditional and high risk banking solutions
Growth Explosion has erupted in high-risk industries with significant opportunities for growth. The banking system is slow to adopt these sectors. The Monarch platform will assist banks in building deposits by enabling fully licensed businesses in high-risk agriculture, supply chain, distribution, wholesale, manufacturing, and retail to open DDA accounts for legitimate business and cash management services.
ON DEMAND, CROSS PLATFORM, CROSS USER
Multi-State Compliance
Many state and federally chartered financial institutions are now beginning to establish processes and policies for onboarding certain high-risk business sectors. After consulting with over a dozen banks across multiple states, it is evident that there is a strong demand for a centralized underwriting, compliance, and onboarding platform. Currently, these banks and credit unions lack the necessary infrastructure to meet the needs of these high-risk industries. The Monarch platform aims to deliver the essential solutions, enabling banks to onboard these merchants in a user-friendly, compliant, and scalable manner.