HDCS - Higher Risk Deposit Compliance Solutions

HDCS - Higher Risk Deposit Compliance Solutions is a financial services startup that aims to provide a Banker-led and managed solution for safely banking higher-risk industries. Founded in 2019, HDCS, Inc. offers a comprehensive solution designed by bankers, for bankers. The company focuses on providing subject matter expertise to safely balance the risk, reward, and resources for realizing the Return on Investment (ROI). Their services include thorough Risk Assessment, policies and procedures, vetting cannabis related businesses (CRBs), staying updated on the ever-changing cannabis regulation and legislation, ongoing monitoring and risk management of the overall higher-risk compliance banking program, comprehensive lending, credit risk rating, and ALLL methodology, as well as hands-on assistance with institutions' regulatory compliance audits, among other services. While specific details on their headquarter, last investment, and last investment investors are not available, HDCS seems geared towards providing tailored solutions for banks looking to navigate the challenges and opportunities presented by the higher-risk industries.