Press Release

Cross River Wins Best Banking-as-a-Service Platform

Cross River

March 23, 2023

2 min read

March 23, 2023

Cross River Wins Best Banking-as-a-Service Platform

Company awarded by FinTech Breakthrough which recognizes the top companies, technologies and products in the global FinTech market today

FORT LEE, N.J. - Cross River Bank (“Cross River”), a leading technology infrastructure provider that offers embedded financial solutions, today announced that it has won “Best Banking-as-a-Service Platform” in the 7th annual FinTech Breakthrough awards conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

“Cross River’s proprietary banking core and API technology allows our partners to better integrate advanced banking solutions into their own environments for more rapid innovation,” said Anthony Peculic, Head of Cards, BaaS at Cross River. “With our comprehensive compliance, technology infrastructure and industry experience, Cross River’s partners are breaking through traditional barriers to financial access--expanding services from historically unserved and underserved communities to small businesses and corporations, and to all segments of that market that can leverage new, innovative solutions.”

Cross River’s comprehensive, one-stop-shop platform merges the innovative offerings of a technology company with the established expertise of a bank. The Company’s API driven technology and proprietary banking core provide customized and streamlined banking solutions including access to international payment rails, core infrastructure and a robust compliance framework.

“It’s a testament to our technology and the work of our team to see Cross River’s platform recognized as a breakthrough solution in the FinTech industry,” said Andrew Lambert, Sr. Product Director, Cards Strategy at Cross River. “We are constantly working to deliver innovative and scalable embedded solutions for our partners.”

The FinTech Breakthrough Awards program aims to deliver the most comprehensive analysis of the FinTech industry each year. With over 4,000 fintech nominations from all over the globe in 2023, the industry evaluation was broad and extremely competitive. Entries were judged based on their ability to addresses a true need, solve a complex or critical problem, seize an opportunity or create or revolutionize a new market or industry. innovation, performance, ease of use, functionality, value and impact.

Winners from other categories in the 2023 awards program include Chase, Airbase, LexisNexis Risk, American Express, Stash, Ramp, Credit Karma, Ease, FIS, BNY Mellon, Bread, Jack Henry, Greenlight, MoneyGram, IBD/Dow Jones, Wise, Ladder, Bolt, Experian and an impressive list of top companies and startups in the larger FinTech industry.