Tag: cross river bank

Cross River Bank faces reg scrutiny | Bank Automation News

Tech-forward Cross River Bank reached a consent agreement with the Federal Deposit Insurance Corp. in March following a cease-and-desist order from a standard review in 2021 regarding “unsafe and unsound banking practices related to its compliance with applicable fair lending laws,” according to the consent agreement. “We had identified areas for improvement prior to the […]

Whitney McDonald

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May 5, 2023
Transactions: Cross River Bank teams with Pay.com on payment platform | Bank Automation News

Cross River Bank is launching an encompassing payment platform called CrossPay alongside online payment company Pay.com to streamline several business payment functions. The $9.2 billion Ft. Lee, N.J.-based bank saw an opportunity to streamline processes through the CrossPay platform via Cross River’s core and suite of APIs, Keith Vander Leest, head of payments at Cross […]

Brian Stone

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March 29, 2023
Signature Bank clients look to Cross River Bank | Bank Automation News

The collapse of Silicon Valley Bank is having a trickle-down effect on fintechs and banks within the financial services industry, but Cross River Bank is not one— in fact, the bank is swooping in to capture business amid the fall of its competitors. For example, the $9.2 billion Ft. Lee, N.J.-based bank was selected by […]

Whitney McDonald and Brian Stone

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March 13, 2023
First Fidelity Bank, Episode Six launch BaaS solution | Bank Automation News

Oklahoma City-based First Fidelity Bank launched a banking as a service solution (BaaS) Tuesday in development with global payments and banking infrastructure fintech Episode Six. The solution supports embedded finance with low cost, quick to deploy architecture and real-time payment offerings, according to an Episode Six release. “Through a common ledger, we are able to […]

Whitney McDonald and Brian Stone

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March 1, 2023