Press Release

Senator Amedore Discusses Fintech

Cross River

December 19, 2017

min read

December 19, 2017

Senator Amedore Discusses Fintech

NEW YORK, N.Y. - Cross River, a New Jersey State Chartered FDIC-insured bank and FinTech leader, welcomed New York State Sen. George A. Amedore Jr. to its Manhattan office this week to discuss the latest developments in the FinTech industry and to share the company’s mission, strategy, and business model. In attendance from Cross River were Geoffrey Kott, EVP, Head of Finance and Strategy and Dan Chen, VP, Treasurer.

“We were honored to host Senator Amedore to our New York office. Senator Amedore has been a strong and knowledgeable advocate for innovation in banking. He was engaging, inquisitive and eager to discuss the newest trends in the FinTech industry,” said Geoffrey Kott, EVP, Head of Finance and Strategy at Cross River. “We appreciated the opportunity to share our work and vision with Senator Amedore and look forward to our future collaboration for the benefit his constituents, the residents of New York and all consumers across the country.”

Senator Amedore welcomed an open discussion and strongly encouraged constant communication and collaboration between regulatory agencies, policy makers and industry stakeholders. Both the Cross River team and Senator Amedore agreed on the importance of delivering meaningful products that empower consumers while operating within the guardrails of a robust regulatory framework ensuring consumer protection.

“In today’s digital age people are looking for easy access, convenience, efficiency, and speed. People want to conduct transactions through mobile technology platforms and applications. This includes managing their financial lives, whether they are tracking their overall spending, applying for a loan, or optimizing their investment strategies,” added Senator Amedore. “Cross River is becoming a leader in the FinTech space – they are constantly leveraging new technology to create better and more secure financial services for consumers. I look forward to continuing our collaboration and helping grow this industry in New York State.”