Premier Risk Management Company partners with East Coast Financial Services Credit Union to serve high-risk businesses in New Jersey
FRESNO, Calif., May 02, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Operational Security Solutions (“OSS”), the leading provider of full-spectrum risk management services with specialization in secure cash management and logistics, compliance services, security consulting and capacity building facilities, today announced that the company has entered into a new partnership with a leading financial services credit union serving high-risk businesses in New Jersey’s emerging markets.
In April 2022, Garden State dispensaries opened their doors to all adults over the age of 21, as part of the launch of the state’s adult recreation program. The partnership will allow the credit union to use OSS’s expertise to enter the cannabis space and serve the adult consumer market in New Jersey and will support any type of license in the state.
“We look forward to helping financial institutions in the State of New Jersey begin to establish a foothold in the cannabis market on the essential pillars of safety, knowledge and fairness,” said Scott Solomon. , CEO of OSS. “At OSS, we strongly believe in always doing things the right way, with strict compliance, constant attention to risk management and dedication to the various regulatory frameworks in high-risk states with emerging markets. . We look forward to bringing our services to the New Jersey market and believe this is just the beginning.
As part of the agreement, fully trained OSS staff, who already have the knowledge and training that has enabled OSS to dominate the crucial California market, will work with credit union staff. of New Jersey Financial Services on all compliance and other relevant matters to consider so that they can meet the banking needs of new high-risk businesses in the Garden State.
“OSS is pleased to enter into this agreement and provide services in the important New Jersey market,” said Ryan Hale, Director of Sales for OSS. “As OSS continues to expand on the East Coast, we believe this agreement is just the start of a trend – and we urge other potential East Coast partners to contact us with any questions, as this market continues to grow rapidly.”
OSS provides industry-leading security offerings, solutions and cannabis-specific financial services relationships, connecting highly regulated businesses that struggle to obtain banking services with financial institutions that have specific programs designed for the industry or organizations that cannot be serviced by some banks. Notably, OSS boasts a lossless record to date.
About Operational Security Solutions
Operational Security Solutions (OSS) is the leading provider of risk management and compliance services to meet the security and banking needs of highly regulated markets. OSS supports two dozen financial institutions and more than 100 high-risk businesses through bi-coastal operations based in California and Philadelphia. Service offerings include secure cash management and logistics, remittance services, security consulting and compliance services. OSS breaks down the real risks for industries that have limited access to banking services and provides the necessary solutions from long years of law enforcement and federal government experience. By the end of 2021, the OSS had transferred over $2.4 billion into the Federal Reserve System with a record zero loss.
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