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Cross River Bank
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Cross River Bank

big techChinadigital lendingdigital transformationpaytech
·Jul. 31, 2020

Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

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BankingFundraising
·Jun. 17, 2021

Inside the New Cross River Bank Venture Arm

Cross River Bank has been at the center of fintech for more than a decade. They started working with fintech...
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Paytile airdrop 4 cash
Fintech
·Feb. 16, 2022

PayTile ‘AirDrop cash’ partners with Cross River

PayTile, an 'airdrop for cash' geolocation-based payments system partnered with Cross River to enable users to send p2p privately.

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PeerIQ panel discussion
FintechMergers & Acquisitions
·Jun. 23, 2021

Pioneering Data Analytics Firm PeerIQ Acquired by Cross River

I first met Ram Ahluwalia, the CEO, and co-founder of PeerIQ, back in 2013 when he was working at a...
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FintechNews RoundupUSA
·May. 23, 2018

Smaller Banks Capitalizing on Crypto

While most big banks are reluctant to enter into the crypto space, many smaller banks are capitalizing on the opportunity;...
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FintechUSA
·Jun. 10, 2020

How Fintech Companies Have Come to the Rescue of Small Business

The New York Times is reporting that fintech companies have helped out many small businesses that were struggling during the...
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FintechNews RoundupUSA
·Jan. 27, 2020

Mixed Economic News on Consumers, FICO Score Changes and the Next Plaid?

In this week’s PeerIQ Industry Update they cover the mixed economic news at the end of 2019 into early 2020;...
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FinanceFintechNews Roundup
·Nov. 8, 2016

PeerIQ’s Weekly Update Takes a Deep Dive into Cross River Bank’s $28mn Investment

PeerIQ provides insight on Cross River Bank and its $28 million investment from venture capitalists; the deal highlights Cross River Bank’s partnerships with marketplace lenders and provides a leading example for how banks can seek to gain from online lenders while also mitigating true lender risk; Cross River Bank likely to set a precedent for banking investment in MPL loans; success with marketplace lending partnerships has helped it to achieve a return on equity of 26.5% versus 9.8% for FDIC-insured institutions.  Source

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FintechNews RoundupUSA
·Feb. 12, 2020

Regtech Hackathons Become Trend in Digital Banking and Fintech

There has been a growing trend in compliance technology the last few years with regtech hackathons or as the UK...
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Fintech
·Aug. 18, 2021

Study Blames Fintech for Bad Data in the PPP Program

Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
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