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Articles from Cross River Bank

Cross River Redefines Real-Time Card Transaction Approvals with its Advanced Authorization Offering
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, has launched its new Advanced Authorization model that redefines how fintechs and enterprises manage real-time transaction approvals by including partners in authorization paths under pre-defined conditions.
By Cross River Bank · Via Business Wire · September 18, 2025
Cross River Provides $150 Million Credit Facility to EarnIn to Expand Access to On-Demand Pay
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced it has extended a $150 million senior secured revolving credit facility to Activehours, Inc. d/b/a EarnIn (“EarnIn”), a leading earnings management company. The facility, structured by Cross River’s Principal Finance Group (PFG), delivers scalable, cost-effective capital to help EarnIn meet rising demand for its “Cash Out” product- an earned wage access (“EWA”) solution that enables workers to access a portion of their pay prior to their payday.
By Cross River Bank · Via Business Wire · September 10, 2025
Cross River’s Commercial Banking Group Achieves Mid-Year Record with $1 Billion in Loans
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its Commercial Banking Group (CBG) and real estate lending platform, today announced it has facilitated more than $1B in loans in the first half of 2025, while retaining $550MM in originations on its balance sheet—marking its highest mid-year performance to date. The team originated 46 loans, ranging from $490,000 to $50 million in multiple asset types.
By Cross River Bank · Via Business Wire · August 28, 2025
Cross River Launches Request for Payment (RfP) to Power Smarter, Real-Time Money Movement
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded finance solutions, announced the launch of Request for Payment (RfP), a transformative addition to its growing suite of instant payment capabilities. The capability will streamline inbound money movement and enhance funding agility across the Real-Time Payments (RTP)® network. Plaid will be the first to implement the feature, unlocking instant purchases through its bank payments platform, Plaid Transfer.
By Cross River Bank · Via Business Wire · June 9, 2025
Cross River Expands Borderless Finance with Launch of International Payments Powered by Smart-Routing
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced the launch of its new International Payments solution, now processing transactions with Aion, a modern business finance platform designed to simplify financial management. Leveraging Cross River’s proprietary banking core, API technology, and industry-leading compliance and AML/CFT integrations, this new International Payments solution offers seamless, efficient, and cost-effective cross-border transactions for businesses.
By Cross River Bank · Via Business Wire · April 30, 2025
Best Egg and Cross River Bolster Funding Strategy with Levered Certificate Program
CRB Securities LLC (“CRBS”), a SEC-registered broker-dealer and FINRA member, and Best Egg, Inc., a leading financial technology company that drives financial confidence, together announce the completed issuance of the first series in Best Egg’s new private structured pass-through program, BEAST 2024-A.
By Cross River Bank · Via Business Wire · February 20, 2025
Cross River Launches Service to Access FDIC Insurance Coverage on Large Deposits through API-Enabled Automated Sweeps Using the IntraFi Cash Service®
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will enable Cross River’s Banking-as-a-Service (BaaS) clients to access millions in aggregate FDIC insurance coverage across network banks for their end customers, providing a seamless, automated solution for managing large deposits.1
By Cross River Bank · Via Business Wire · January 23, 2025
Cross River’s Commercial Banking Group Fuels Growth Nationwide with Over $1 Billion in Commercial Real Estate Financing
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its diversified commercial real estate (“CRE”) lending program and deep market experience, today announced that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Spread across 65 loans nationwide, the deals ranged from $380,000 to $50 million, supporting real estate businesses of all sizes, as well as various asset types.
By Cross River Bank · Via Business Wire · November 4, 2024
Cross River Honored with Prestigious Brandon Hall Group™ Excellence Award® for 3rd Consecutive Year
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced today the company has won a coveted Bronze Brandon Hall Group™ HCM Excellence Award® for excellence in the Leadership Development category.
By Cross River Bank · Via Business Wire · October 10, 2024
Cross River and Forward Bring Payouts-As-A-Service to Software Developers
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Forward, a technology partner empowering Software-as-a-Service (SaaS) companies to integrate and monetize payments, are addressing some of the core payment challenges currently inhibiting the growth of SaaS providers through embedded payment offerings.
By Cross River Bank · Via Business Wire · September 24, 2024
Cross River and Harlem Educational Activities Fund (HEAF) Empower Future Leaders Through Education
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to announce the expansion of its partnership with the Harlem Educational Activities Fund (“HEAF”) through the establishment of the HEAF and Cross River Scholarship Fund. This $25,000 fund aims to ensure underserved students have access to higher education and opportunities in the finance and technology industries.
By Cross River Bank · Via Business Wire · September 12, 2024
Cross River Announces Three New Members to Board of Directors
CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced it has appointed three new members to its Board of Directors (“Board”), effective July 1, 2024: Roland Fryer, Richard Laxer and Gabrielle Vitale.
By Cross River Bank · Via Business Wire · August 5, 2024
Cross River Celebrates 16 Years of Trailblazing Innovation, Inclusion and Giving
Cross River Bank (“Cross River”), a leading provider of technology infrastructure and embedded financial solutions, is proud to celebrate its 16th anniversary since its founding in June of 2008. Coming out of the 2008 financial crisis, Cross River has been at the forefront of driving innovation and underpinning the growth of the fintech industry and is known for its values-driven business model. Over the last 16 years, the Company has set the standard by providing both leading technology and deep banking expertise to break down barriers for individuals and communities through its responsible and innovative offerings, financial inclusion initiatives and notable Foundation@ giving arm.
By Cross River Bank · Via Business Wire · July 24, 2024
Cross River and MassPay Broaden Domestic Instant Payment Access, Simplifying Complex Real Time Payment Operations
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and MassPay, a leading provider of payment solutions for businesses, are expanding access to domestic instant payments. The collaboration is set to significantly benefit industries facing complex real time payment requirements including the gig economy, independent contractors, restaurants / hospitality, marketplaces and more by streamlining the intricacies associated with acquiring payments and making payouts.
By Cross River Bank · Via Business Wire · July 9, 2024
Cross River Named Premier Lender by New Jersey Economic Development Authority
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, has been recognized as a Premier Lender by the New Jersey Economic Development Authority (NJEDA), distinguishing the Company as a leading business lender in the state.
By Cross River Bank · Via Business Wire · May 29, 2024
Cross River Celebrates ‘Older Americans Month’ with Benjamin Rose, Empowering Older Americans with Tech Training
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to announce its gift to Benjamin Rose, a renowned non-profit dedicated to enhancing the lives of older adults and caregivers. Through an initial $20,000 grant contribution from Foundation@ Cross River, Cross River’s charitable giving arm, Benjamin Rose will provide technological training to elderly Americans through Benjamin Rose’s “Connecting Our Seniors to Technology” (“COST”) program. A reflection of Cross River's steadfast commitment to serving the underserved, expanding inclusion, and fostering financial security for all, this gift was celebrated with a check presentation and tour of Benjamin Rose yesterday on Cleveland’s Senior Day 2024.
By Cross River Bank · Via Business Wire · May 16, 2024
Cross River, Financially CLEAN and Visa Host Financial Literacy Event for NYC Students at the New York Stock Exchange
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, teamed up with Financially CLEAN and Visa to host a financial literacy event at the New York Stock Exchange for New York City high school and college students in celebration of April’s National Financial Literacy Month. The event educated students about the importance of financial literacy, providing them with the tools and knowledge they need to manage their money responsibly and empower them for a brighter financial future.
By Cross River Bank · Via Business Wire · April 26, 2024
Cross River Continues Strong Momentum with Over $200MM in Commercial Banking Group Real Estate Loan Originations
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its Commercial Banking Group (CBG) and real estate lending platform, closed over $200 million in originations in the first quarter of the year. True to the Company’s history of supporting the needs of the smallest to largest real estate businesses, the team funded deals from $500,000 to $50 million across a combination of asset classes.
By Cross River Bank · Via Business Wire · April 25, 2024
Cross River Releases 2023 Social Responsibility Report—Continues to Lead Industry in Impact, Delivering for Underserved Communities and Promoting Economic Inclusion for All
Cross River Bank (“Cross River”), a leading provider of technology infrastructure and embedded financial solutions, is proud to present its Annual Social Responsibility Impact Report, showcasing its community impact, giving and philanthropic activities and collective commitment to fostering the greater good. Through strategic partnerships, community collaborations, and dedicated volunteerism, Cross River has made a significant positive impact on underserved communities globally in 2023, supporting nearly 350 organizations and donated more than $150,000 through its employee match program.
By Cross River Bank · Via Business Wire · April 17, 2024
Cross River Launches Premier Fintech Investment Banking Franchise
CRB Group, Inc. the parent company of Cross River Bank and CRB Securities, LLC (“CRBS”), today announced the launch of an Investment Banking strategy, marking a significant milestone in the Company’s growth trajectory and doubling down on its commitment to serving the fintech community. The firm will assist its clients in achieving their strategic goals by advising on their most critical decisions, including mergers & acquisitions, capital markets transactions and other corporate finance matters. The Investment Banking team will be a part of CRB Securities, LLC, and will be led by industry veterans Benjamin Samuels and Henry Pinnell as Co-Heads of Investment Banking.
By Cross River Bank · Via Business Wire · February 26, 2024
Cross River and Aeropay Partner to Boost Instant Payouts for Gaming
On the cusp of Sunday’s “Big Game” and the upcoming college basketball tournament season, players in the gaming industry can receive their winnings instantly, thanks to a partnership between Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Aeropay, a leading digital payments provider. The partnership marks an expansion of Aeropay’s current offerings.
By Cross River Bank · Via Business Wire · February 7, 2024
Cross River’s Principal Finance Group Closes $825MM of Capital Commitments in 2023
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced that its Principal Finance Group closed $825 million of capital commitments in 2023. The new investments, which include senior secured credit facilities as well as programmatic asset purchase arrangements, provide specialty finance platforms with additional capital to scale their commercial and consumer financing products.
By Cross River Bank · Via Business Wire · February 5, 2024
Cross River’s Commercial Real Estate Team Achieves Strong Growth Across Diverse Asset Classes in 2023
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its diversified commercial real estate (“CRE”) lending program and deep market experience, finished 2023 with impressive year-over-year (YOY) origination growth across multiple asset classes. The Group’s Lender Finance, Construction and Healthcare teams achieved 48 percent, 34 percent and 16 percent YOY growth in originations, respectively. Combined, the team, a division of the newly rebranded Commercial Banking Group, originated $803 million across 68 loans nationwide for various asset classes.
By Cross River Bank · Via Business Wire · January 30, 2024
Cross River Spreads Comfort and Joy Through “Sharing the Warmth” and Knock Knock Give A Sock’s Annual Holiday Carnival
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to reaffirm its commitment to community support as the year draws to a close, with a focus on enhancing the lives of underserved youth during the holiday season. Throughout the year, Cross River and its employees embrace the spirit of giving through impactful philanthropy and employee-led initiatives focused on driving positive change in communities around the globe. This December, efforts were centered on providing a brighter and warmer holiday season for children in local communities.
By Cross River Bank · Via Business Wire · December 21, 2023
Cross River Extends $150MM Credit Facility to Best Egg to Provide Consumers with More Financial Control Through Best Egg Flexible Rent Program
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Best Egg, Inc., a leading fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial lives, have announced a $150 million credit facility, which will allow the partners to provide financial control to even more consumers and landlords through the Best Egg Flexible Rent program.
By Cross River Bank · Via Business Wire · December 5, 2023
Cross River Celebrates National Scholarship Month by Advancing Global Education with $740,000 in Scholarships Over the Past Year
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to celebrate National Scholarship Month by announcing its significant 2023 contributions to various educational organizations and scholarship programs. Through its philanthropic arm, Foundation@, Cross River has donated a total of $740,000 in scholarships, ranging from youth education to university programs across both the United States and Israel.
By Cross River Bank · Via Business Wire · November 14, 2023
Cross River Bank’s Commercial Real Estate Team Closes Nearly $1 Billion in Financing Over Past 12 Months
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its diversified commercial real estate (“CRE”) lending program and deep market experience, today announced that the team has closed 78 loans nationwide in the past 12 months, totaling over $840 million. With loans ranging from $450,000 to $81 million, the team supports the smallest to largest real estate business across the country, in multiple asset types.
By Cross River Bank · Via Business Wire · October 31, 2023
Cross River’s New Series, In Conversation With, Focuses on the Transformation of B2B Payments and Launches its First Conversation with Visa
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, will be hosting a live-streamed conversation with Visa’s Veronica Fernandez, SVP, Head of Visa Commercial Solutions North America and Anthony Peculic, Heads of BaaS and Cards at Cross River on November 1st at 12pm ET.
By Cross River Bank · Via Business Wire · October 26, 2023
Cross River Accelerates Plan to Upgrade Ambulance Bays in Israel through its Bays of Life Initiative
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Foundation@ Cross River, its philanthropic arm, today announced its Bays of Life initiative, an effort to double down on its long-standing mission to upgrade ambulance bays in Israel. Funds raised from the Bays of Life initiative will go towards modernizing critical access points to hospitals throughout Israel to better serve those injured in the ongoing war there. The initial Bays of Life contribution will go to Barzilai Medical Center in Ashkelon, Israel.
By Cross River Bank · Via Business Wire · October 19, 2023
Cross River and Paymints.io Further Expand Optionality for Real Estate Transactions with Real-Time Payments Through The Clearing House’s RTP® Network
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and paymints.io, a cloud-based financial operating system for digital payments that allows title insurance companies and real estate brokerages to send and receive digital payments in and out of escrow accounts, today announced the expansion of their partnership to bring real-time payments to paymints.io customers over The Clearing House’s RTP® network. This expansion will enable businesses and consumers real-time access to funds, a critical factor when transferring money for high dollar value transactions.
By Cross River Bank · Via Business Wire · October 3, 2023
Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which provides life-changing financial literacy education and financial planning to empower local small business owners and individuals on their path to financial stability and freedom.
By Cross River Bank · Via Business Wire · September 27, 2023
Cross River Provides Over $145,000 in Critical Funds to Black Businesses in Honor of National Black Business Month Through Grant Program with the Brooklyn Chamber
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and the Brooklyn Chamber of Commerce celebrate National Black Business Month by distributing grants through the organizations’ Small Business Grant Program to local Black-owned businesses.
By Cross River Bank · Via Business Wire · September 7, 2023
Cross River Partners with Current to Further Its Mission of Financial Inclusion and Serving the Underbanked Population of 26 Million
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Current, a premier U.S. fintech platform dedicated to empowering Americans in their pursuit of a brighter financial future, today announced the launch of a new credit building product. Together, the two companies will provide access to building credit history for previously unserved and underserved communities, empowering individuals to improve their financial well-being through a new secured charge card.
By Cross River Bank · Via Business Wire · August 23, 2023
Cross River Teams Up with Atlanta-Based Organizations, The Empty Stocking Fund and Caden Teaches Finances, to Bring School Supplies and Financial Literacy to Local Students and Educators
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to join forces with The Empty Stocking Fund (ESF) and Caden Teaches Finances to support Atlanta educators and young learners.
By Cross River Bank · Via Business Wire · August 17, 2023
Cross River and Plaid Unveil Faster Multi-Rail Bank Payments Solutions
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced the expansion of its partnership with Plaid, a data network powering the digital financial ecosystem, to deliver multi-rail payment solutions to U.S. businesses and their customers.
By Cross River Bank · Via Business Wire · July 27, 2023
Cross River Bank Closes Second Quarter with over $66MM in Lender Finance Loans
Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (“CRE”) lending program and deep market experience, today announced the closing of the second quarter, totaling over $66 million in loans year-to-date. Additionally, the team saw 100 percent growth in the number of loans originated in Q1 and Q2 2023, compared to the same quarters in 2022. These results were achieved through Cross River’s Lender Finance platform (private lender warehouse facilities), which offers customized solutions for CRE lenders nationally.
By Cross River Bank · Via Business Wire · July 25, 2023
Cross River Bank and Fintainium Expand Fintech Payment Offerings for Small and Medium Businesses
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced its strategic partnership with Fintainium, a cutting-edge financial technology company providing innovative and comprehensive payment methods. Through the collaboration, Cross River will provide a range of payment services, including connection to the automated clearing house (ACH) network, check processing with positive pay fraud prevention, and push-to-card capabilities to enhance Fintainium's payment offerings for their business customers.
By Cross River Bank · Via Business Wire · June 21, 2023
Cross River Surpasses Bank Record with 1 Million Real-Time Payment (RTP) Transactions, Totaling Over $500mm in the Month of May Alone
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced it has surpassed 1 million real-time payments (RTP®) transactions and over $500 million in RTP® volume in the month of May alone. This significant milestone surpasses the bank’s previous records, highlighting Cross River’s commitment to innovation and its ability to meet the growing demand for instant, secure, and efficient payment solutions that focus on a strong adherence to BSA/AML guidelines.
By Cross River Bank · Via Business Wire · June 15, 2023
Cross River Named ‘Best Place to Work in Fintech’ by American Banker for Sixth Consecutive Year
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced today that it has again been named to American Banker’s 2023 Best Places to Work in Fintech. The prestigious award honors the Company’s present and supportive management, industry leading pay and benefits, and purpose-driven and values-based culture based on community.
By Cross River Bank · Via Business Wire · June 9, 2023
Cross River Bank and Paymints.io Collaborate to Modernize Real Estate Transactions with Secure Payment Infrastructure
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced its strategic partnership with paymints.io, a Software-as-a-Service (SaaS) platform to for real estate payment transactions. This collaboration marks a significant milestone in transforming the way stakeholders in real estate transactions handle and control their funds. Initially launched with two payment rails, ACH (including same day ACH), and wires, the partnership gives stakeholders unprecedented transparency and security to the entire payment process to further the mission of eliminating paper checks and reducing fraud for partners and customers.
By Cross River Bank · Via Business Wire · May 31, 2023
Cross River Provides Grant Contribution and Pledges Financial Advisory Services to Montana Nonprofit Loads of Dignity
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $15,000 grant contribution and financial advisory commitment to Hamilton, MT-based nonprofit Loads of Dignity, a 501(c)(3) organization that provides funds and supplies to individuals without housing to do laundry in a dignified and private manner. The monetary and advisory gift furthers the Company’s commitment to propelling the growth of small businesses, particularly ones that positively impact communities and expand access to critical care in communities across the country.
By Cross River Bank · Via Business Wire · May 23, 2023
Cross River Launches Webinar Series Exploring the Faster Payments Ecosystem
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced today that it will be hosting a webinar series on faster payments, featuring insights from experts across the payments industry. The series will kick off on May 24th at 1pm ET with a conversation between Keith Vander Leest, Head of Payments at Cross River, and Gil Akos, Co-Founder and Chief Executive Officer of Astra, on how push-to-card can facilitate faster payments.
By Cross River Bank · Via Business Wire · May 11, 2023
Cross River Bank and New Jersey Institute of Technology Join Forces to Create Cross River Opportunity Scholarship
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced the creation of the Cross River Opportunity Scholarship with the New Jersey Institute of Technology (NJIT). The annual scholarship is gifted through the Company’s giving arm, Foundation@ Cross River, with a donation of $50,000 to The Foundation at NJIT. The funds will provide direct support to students and empower those interested in finance and technology-related fields.
By Cross River Bank · Via Business Wire · May 4, 2023
Cross River Demonstrates Impactful Philanthropy in Inaugural Social Responsibility Impact Report
Cross River Bank (“Cross River”), a leading technology infrastructure provider that offers embedded financial solutions, today released its inaugural Corporate Social Responsibility Impact Report, celebrating the compassionate efforts of its Community Affairs team, its philanthropic arm, Foundation@ Cross River, and its employees over the last year.
By Cross River Bank · Via Business Wire · April 4, 2023
Cross River and FinClusive Partner to Strengthen the Fintech Ecosystem and Increase Responsible Access to Financial Services
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a partnership with FinClusive, a global Compliance-as-a-Service (CaaS) infrastructure provider for financial services, to provide account and payment services to advance secure and compliant access to the financially underserved.
By Cross River Bank · Via Business Wire · March 30, 2023
Cross River and Pay.com Partner to Create All-Inclusive Payments Platform for Businesses
Cross River Bank (“Cross River”), a leading technology infrastructure provider that offers embedded financial solutions, today announced a new partnership with U.K. based Pay.com. This partnership will enhance and expand Pay.com’s automated payment platform into the U.S. and drive additional growth opportunities.
By Cross River Bank · Via Business Wire · March 22, 2023
Cross River and Senator Monique Limón Bring Together Leading Bank and Fintech Experts to Discuss Consumer Lending and Responsible Bank Partnerships
Cross River Bank (“Cross River”), a leading technology infrastructure provider that offers embedded financial solutions, yesterday joined with California State Senator Monique Limón (D-CA), Assemblyman Tim Grayson (D-Concord), the Department of Financial Protection and Innovation (DFPI) and Tom Curran, Chief Risk and Compliance Officer at one of Cross River’s innovative partners, Upgrade, to discuss California’s consumer lending landscape, how AB539 sets the parameters for responsible lending, and how responsible bank-fintech partnership model propels innovation, protects consumers, and expands access to credit and financial inclusion.
By Cross River Bank · Via Business Wire · February 23, 2023
Cross River Bank Spreads Holiday Cheer and Warmth to Children in Need
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, spent the month of December spreading holiday cheer—specifically to children in need—through employee-driven volunteer opportunities and impactful philanthropy. The New Jersey-based technology company continues to focus on investing deeply in initiatives that help communities drive positive change for a better future.
By Cross River Bank · Via Business Wire · December 29, 2022
Cross River Teams Up with Brooklyn Chamber Again to Distribute Grants to Further Support Women and Minority Owned Businesses
Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced that along with the Brooklyn Chamber of Commerce, it has distributed $1,000-$5,000 grants to support the revitalization and recovery of local small businesses who have experienced post-pandemic challenges.
By Cross River Bank · Via Business Wire · November 22, 2022
Cross River and the Israel Economic Mission Host Delegation of Startups to Further the Fintech Ecosystem on Both Sides of the Ocean
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, collaborated with the Israel Economic Mission to host a delegation of Israeli entrepreneurs and fintech startups. The event provided the companies a chance to pitch their businesses, as well as networking opportunities for future growth.
By Cross River Bank · Via Business Wire · November 8, 2022
Cross River and Upstart Kitchen Team Up to Give Entrepreneurs Life-Changing Grants to Build Culinary Businesses
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $50,000 grant to Milwaukee-based nonprofit, to UpStart Kitchen, an incubator for entrepreneurs who want to grow or start their food-oriented business.
By Cross River Bank · Via Business Wire · November 3, 2022
Cross River and TechUnited Join Forces for Second Year to Empower Women and Minority Business Owners Through Mentorship Program
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and TechUnited, a non-profit membership organization focused on empowering entrepreneurs & innovators, announce the launch of the 2nd Annual Women and Minority Business Owner Mentorship Cohort to benefit women and minority entrepreneurs in New Jersey.
By Cross River Bank · Via Business Wire · November 2, 2022
Cross River Expands Card Issuing with American Express
Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced a new collaboration with American Express that allows Cross River to issue credit cards on behalf of fintechs on the American Express network.
By Cross River Bank · Via Business Wire · October 24, 2022
Cross River Creates Space for Diverse Groups and Community Chambers to Come Together at Propelify Innovation Festival to Fuel Collaboration and Economic Inclusion
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, hosted a collaborative lounge which brought together leading groups from across the state at yesterday’s Propelify Innovation Festival in Hoboken, New Jersey. The space, “Cross River Commons,” was built to empower diverse New Jersey entrepreneurs and create opportunities for historic collaboration. Various Chambers used the space to highlight their work supporting local small businesses, and tech entrepreneurs were able to connect with leading business advocates across diverse communities to find commonalities and propel economic inclusion.
By Cross River Bank · Via Business Wire · October 7, 2022
Cross River Celebrates Hispanic Heritage Month
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is proud to celebrate Hispanic Heritage Month, which runs from September 15 to October 15 and honors the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and both Central and South America.
By Cross River Bank · Via Business Wire · October 3, 2022
Cross River Wins Gold!
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced that it has won a coveted Brandon Hall Group Gold award for excellence in the Leadership Development category.
By Cross River Bank · Via Business Wire · September 8, 2022
Cross River Doubles Down on Community Commitment with Spotlight on Financial Literacy
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced additional financial literacy efforts to kick-off the month of August, including programming for veterans as well an organization that serves students with intellectual or physical challenges and their families.
By Cross River Bank · Via Business Wire · August 4, 2022
Cross River Convenes Industry Leaders, Elected Officials and Policy Makers to Showcase True Public-Private Collaboration in Fintech
Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, convened a robust week of important conversations at Fintech Nexus 2022, to bolster the fintech industry.
By Cross River Bank · Via Business Wire · May 31, 2022
Cross River Partners with Revolut to Deliver More Affordable Access to Credit
Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced that it has partnered with Revolut, a global financial superapp with over 18 million customers worldwide, to build and scale Revolut’s business in the U.S. leveraging Cross River’s technology and regulatory infrastructure.
By Cross River Bank · Via Business Wire · April 14, 2022
Cross River Supports American Veterans Through Partnership with Heroes to Heroes Program
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced its support of Heroes to Heroes, a foundation that offers spiritual healing and peer support for combat veterans of all faiths and backgrounds who are suffering from the post traumatic effects of their service time. Cross River team members in both New Jersey and Jerusalem greeted and thanked American heroes as they kicked-off and landed on their trip to Israel as part of their spiritual healing journey.
By Cross River Bank · Via Business Wire · April 13, 2022
Cross River Announces $620 Million Capital Raise Led by Eldridge and Andreessen Horowitz to Accelerate Next Stage of Growth
CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a $620 million financing. The round was led by Eldridge and Andreessen Horowitz, with participation from funds and accounts advised by T. Rowe Price Investment Management, Inc., Whale Rock and Hanaco Ventures. Several of Cross River’s existing investors and significant partners also participated in the round. FT Partners served as exclusive strategic and financial advisor to Cross River on this transaction.
By Cross River Bank · Via Business Wire · March 30, 2022
Cross River’s Strategic Direct Lending Group Extends $50 Million Credit Facility to Cherry Technologies
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced that its Strategic Direct Lending team has provided a $50mm credit facility to Cherry Technologies (“Cherry”) which enables medical practices to offer flexible payment plans to their patients. Additionally, Cross River will originate the loans through its comprehensive banking and technology platform, enabling Cherry to deliver greater and more efficient access to credit for patients nationwide.
By Cross River Bank · Via Business Wire · March 17, 2022
Cross River and Sunstone Credit Announce Partnership to Help Businesses Access Easy, Affordable Solar Financing
Cross River Bank (“Cross River”), a technology driven infrastructure provider that offers embedded financial solutions, and Sunstone Credit, Inc. (“Sunstone”), a technology-enabled solar loan finance platform for small and medium-sized businesses (SMBs), today announced a partnership to further Sunstone’s mission of democratizing access to solar for businesses. This partnership will accelerate the transition to a clean energy future and add a new asset class to Cross River’s lending portfolio. Cross River Digital Ventures has also made a strategic investment in Sunstone.
By Cross River Bank · Via Business Wire · February 24, 2022
Cross River Partners with African American Chamber of Commerce of New Jersey to Grow Economic Empowerment in Underserved Communities
Cross River Bank (“Cross River”), a technology driven infrastructure provider that offers embedded financial solutions, today announced a new partnership with the African American Chamber of Commerce of New Jersey (AACCNJ) that will inject new capital, financial literacy education opportunities and critical business resources to underserved businesses and consumers, leveraging Cross River’s technology-focused approach. Core to Cross River’s mission is empowering small and minority owned businesses by expanding access to capital and innovative financial resources, furthering economic inclusion.
By Cross River Bank · Via Business Wire · February 17, 2022
Cross River Wins CryptoFin Industry Award for Pioneering Efforts in Crypto
Cross River Bank (Cross River), a technology driven infrastructure provider that offers embedded financial solutions, today announced that the LendIt Fintech Industry Awards awarded Cross River with the CryptoFin award for its pioneering efforts in crypto. The award honors the company showing the best application of crypto technology, building a bridge between traditional finance and crypto to encourage greater adoption.
By Cross River Bank · Via Business Wire · February 9, 2022
Cross River and PayTile Join Forces to Deliver Location-Based Payments Platform
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced that it will be powering PayTile, a fintech company that offers location-based payments through their app. PayTile is one of the first ever peer-to-peer (P2P) payment platforms that uses geo-location to facilitate safe and private financial transactions between users without sharing users’ personal information. Through this new partnership, Cross River will provide PayTile with core banking infrastructure and leading payments capabilities.
By Cross River Bank · Via Business Wire · February 2, 2022
Cross River Partners with Payment Approved to Evolve the Movement of Money Through a Compliant, All-In-One Solution for Businesses
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced that it has partnered with Payment Approved, a fintech that offers an easy access to end-to-end payment solutions for clients in the Money Service Business (“MSB”) sector, e-commerce businesses, and retailers, to provide businesses with faster and broader payment options that are safe and secure.
By Cross River Bank · Via Business Wire · November 17, 2021
Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding its Full Suite of Offerings
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced the acquisition of Betterfin, a transformative financial platform that enables small business owners to access a wide range of financial products and solutions, capital markets data, and manage their own lending and cash flow processes. Following the closing, Betterfin is wholly owned by Cross River’s parent company, CRB Group, Inc. Financial details of the transaction are not being disclosed.
By Cross River Bank · Via Business Wire · November 2, 2021
Cross River Bolsters Its Commitment to Expanding Financial Services and Economic Inclusion to Underserved Communities
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced, as part of its Making Waves with Cross River program, expanded partnerships with both Operation HOPE and The Memorial Foundation in order to bring access to financial resources and increased economic inclusion to communities across the country.
By Cross River Bank · Via Business Wire · October 26, 2021
Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions and TechUnited:NJ, a membership-driven, non-profit organization that offers opportunities for tech-enabled companies and entrepreneurs to collaborate, today announced a groundbreaking partnership to propel the future of New Jersey by increasing support for small businesses and entrepreneurs in the state, particularly by providing additional resources to women and minority business owners.
By Cross River Bank · Via Business Wire · October 7, 2021
Cross River Bank Recognized as ICBA 2021 National Community Bank Service Award Recipient for Heroic Efforts in PPP
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, received the Emerging Community Bank Service Award from the Independent Community Bankers of America (ICBA) for its leading Paycheck Protection Program (PPP) and community outreach in the wake of the COVID pandemic.
By Cross River Bank · Via Business Wire · September 15, 2021
Cross River Launches Venture Capital Arm to Propel the Next Generation of Fintech Startups
Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced Cross River Digital Ventures, its recently established venture capital arm. Cross River Digital Ventures seeks to invest in companies that sit at the intersection of lending, payments, investing and fintech, and are of strategic value to both the Cross River ecosystem and the broader technology industry.
By Cross River Bank · Via Business Wire · June 15, 2021
Cross River Deepens Roots in New Jersey with the Opening of New Headquarters in Fort Lee
Cross River Bank (“Cross River”), a technology-focused financial services organization and Banking-as-a-Service (“BaaS”) provider based in Fort Lee, today announced the grand opening of its new headquarters at 2115 Linwood Avenue. At a ribbon-cutting ceremony yesterday, Cross River was joined by New Jersey leaders and elected officials, as well as Cross River board members and investors.
By Cross River Bank · Via Business Wire · April 30, 2021