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Press Release

Cross River and New Jersey Tech Council Present ‘Growing New Jersey’s Fintech Ecosystem’

June 26, 2019

Stakeholders, Elected Officials and Policymakers Discuss Fintech and Innovation in New Jersey

FORT LEE, N.J. — In conjunction with the New Jersey Tech Council, Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank that merges the established expertise of a bank with the innovation and product offering of a technology company, hosted “Growing New Jersey’s Fintech Ecosystem,” a forum for stakeholders, elected officials and policymakers in the tri-state area.

New Jersey’s strategic location in the center of the Northeast and its forward-thinking leadership makes it an

ideal and viable attraction for fintech companies. Cross River, a leading innovator and provider of banking services for technology companies, is one of those companies. In March, Cross River announced its growth and expansion in New Jersey with support from the New Jersey Economic Development Authority (NJEDA).

“Since we opened our doors here eleven years ago, the state of New Jersey has enabled us to grow and become a leader in the fintech industry,” said Phil Goldfeder, SVP, Public Affairs, Cross River. “New Jersey is innovative and community driven, and we are proud to be leading the charge in the state we have always called home.”

Cross River and the New Jersey Tech Council brought together premier fintech companies, policy makers and community leaders including New Jersey state legislators, as well as leaders from major fintech companies including Kabbage, Paypal, Robustwealth and Veratad Technologies, LLC. The discussion focused on the fintech ecosystem in New Jersey, the value this brings to the state and ways to expand opportunities in New Jersey.

The fintech universe is changing so rapidly so we're delighted to partner on this dynamic event which will help bring us up to speed on the latest trends and disruptions in the marketplace,” said James Barrood, President and CEO of the New Jersey Tech Council.

The relationship between Cross River and the New Jersey Tech Council is ever growing and events like these will continue to highlight the flourishing fintech ecosystem in New Jersey. The display of numerous public figures in the industry showcases the close relationships between elected officials and successful businesses in New Jersey, and how collaboration can lead to increased economic growth in the Garden State.