Cross River and Railsbank Announce Partnership to Enable Global Market Access for Fintech Companies

January 29, 2019

Cross River and Railsbank Announce Partnership to Enable Global Market Access for Fintech Companies by Providing Seamless, Cross-Border Banking and Payment Solutions

Verdon: “This is the first time that banking-as-a-service is being delivered on both sides of the Atlantic through a single API.”

FORT LEE, N.J. & LONDON, U.K. - Cross River Bank (“Cross River”), a leading innovator and provider of banking services for financial technology companies, and Railsbank Technology Limited (“Railsbank”), a leading UK-based open banking and RegTech technology services platform, today announced that they have entered into a partnership arrangement that will provide Railsbank the opportunity to offer a variety of API-powered, banking and payment processing services across the U.S.

“Cross River welcomes Railsbank as one of its key international partners to help provide banking services on a global basis,” said Gilles Gade, Founder, President, and CEO of Cross River. “This partnership enables Railsbank to better serve new and existing global customers and provide them with seamless international use of banking services, including timely, cross-border cash payments and disbursements, while also being introduced to innovative solutions.”

The arrangement will enable Cross River and Railsbank to leverage each other’s existing platforms, allowing for seamless integration and servicing of their respective fintech customer bases across borders and regions. The partnership will enable Railsbank’s customers in the UK and Europe the ability to enter the US through their existing integration with Railsbank.