9 tips to help crypto companies choose and succeed with a banking partner

cointelegraph.com:

Choosing the right banking partner can be a particularly tricky process for a crypto or blockchain company. While there are many options in the market, only a few will possess the experience, commitment and risk tolerance companies in a young and tech-forward industry need. And simply making a choice won’t seal the deal: Crypto and blockchain entrepreneurs must have the detailed information banks will demand at their fingertips and be ready to reciprocate the transparency they themselves expect from a financial partner.

There’s a lot of homework to be done before beginning any sort of outreach, so knowing what to look for as you begin the research is a helpful head start. Below, nine members of Cointelegraph Innovation Circle share their advice for crypto and blockchain companies that are beginning the process of choosing a banking partner.

Look at the bank’s background supporting other companies in your specific niche. Be cognizant of treaties or laws applicable to the bank’s corporate entity and any privacy-related concerns those could raise for you or your users. Ensure that the bank values ethics, compliance and due diligence, because the way they behave with you will be the same way they behave against you should the need arise. – Jason Fernandes, AdLunam Inc.

Look for a banking partner that’s well-versed in the crypto regulatory landscape. Always make a point to prioritize (with caution) a banking partner that comprehends the intricacies of the industry and has solid compliance and risk-management policies. There should also be alignment on your company goals and the cadence of executing your company vision. – Vinita Rathi, Systango

One of the most important criteria for crypto companies to keep in mind is a bank’s