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March 21, 2018
Fintech-friendly Cross River Bank partners with PeerIQ
Cross River Bank in Fort Lee, N.J., has entered into a partnership with PeerIQ, a provider of consumer loan data analytics, in an effort to streamline capital sourcing between online lenders and institutional loan buyers such as small banks.
The partnership seeks to combine Cross River’s capital, technology, and regulatory compliance processes with PeerIQ’s risk management platform, loan and borrower data sets, and data-verification tools to help community banks and other loan buyers more easily access the online-lending sector, the two companies said in a press release Friday.
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