Cross River

Catch up on this week's Cross River IQ newsletter. Here are the highlights: ⤵⤵⤵ ➡ Slow and Steady Wins the Race ➡ CFPB Finalizes Open Banking Rule ➡ Goldman, Apple Reach Consent Orders with CFPB ➡ Zip Announces $190Mn Series D ➡ Green Dot, Zenus Expand BaaS Capabilities   ➡ Stripe Acquires Stablecoin Platform Bridge ➡ Klarna To Sell U.K. Loans To Hedge Fund Link to this week's edition in comments: ⤵⤵⤵   #consumerlending #fintech #baas

📣 New #WhitepaperAlert 📣: Our team explores the role of program managers in end-to-end #CardSolutions. Learn more about what makes program managers one of the most important pieces of the puzzle and the factors you need to consider before you launch your next #CardProgram: https://lnkd.in/e9MJMYYH Meg Gupta Andrew Lambert Rob Keenan Ignacio Javierre

In conversations about growing trends in the industry, we would be remiss to leave out the surge in popularity of prepaid cards — the market is expected to reach $4.1 trillion by 2030. In addition to the flexibility, accessibility, and efficiency they provide, prepaid cards also offer benefits like convenience and security. Read more about how prepaid cards are democratizing finance via Cross River Insights: https://lnkd.in/djd7euUe.  #prepaid #futureoffintech #financialinclusion

“In the past, we’ve been the first to push back on regulator overreach. But on this occasion, regulators at the FDIC are undeniably right to take responsive action. Many of us already have the proposed systems in place and operate with a crystal-clear understanding that regulatory safety and soundness is the responsibility of the partner bank in the bank-fintech relationship.” Read our CEO Gilles Gade’s full statement on the Federal Deposit Insurance Corporation (FDIC)’s proposed rule around Requirements for Custodial Accounts for more on why we believe it is an absolute, yet reasonable and balanced response, necessary to protect both consumers and the future of the bank-fintech model: https://lnkd.in/eC57U8ai. #ResponsibleInnovation #FinancialRegulation #FinancialInclusion

Catch up on this week's Cross River IQ newsletter. Here are the highlights: ⤵⤵⤵ ➡ More Consumers Worry About Falling Behind On Bills ➡ Best Egg Secures New $500Mn Debt Deal ➡ 20VC Raises $400Mn Fund For European Startups ➡ Rerail Announces $20Mn Angel Fund ➡ Barclays To Take Over GM Co-Brand Card   ➡ SoFi Strikes $2Bn Loan Deal With Fortress ➡ Klarna To Sell U.K. Loans To Hedge Fund Link to this week's edition in comments: ⤵⤵⤵   #consumerlending #fintech #baas

Our BaaS & Cards team will be at Money20/20! Come meet the team to learn about our suite of value-added services, including innovative card products. We can't wait to share what we've been up to! Schedule a meeting today: https://lnkd.in/eS3zRUUp #Money2020 #Fintech #VirtualCards #PaymentProcessing Money20/20 Las Vegas 2024

Catch up on this week's Cross River IQ newsletter. Here are the highlights: ⤵⤵⤵ ➡ A “Blowout” Jobs Report ➡ Fiserv Lands Georgia Specialty Bank Charter ➡ Mercury Secures $100Mn Warehouse Line ➡ Logik.io Announces Series B ➡ Grasshopper Acquires Auto Club Group   ➡ LendingClub and Pagaya Partner to Acquire Defunct Tally’s Assets ➡ Plaid Leaning into Pay-By-Bank Link to this week's edition in comments: ⤵⤵⤵   #consumerlending #fintech #baas

This past week, we hosted a Week of Kindness to honor the memories of those lost on October 7th and serve as a beacon of hope, compassion and unity. We ended the initiative by painting a group home with Habitat for Humanity, prepping and serving meals with the Masbia Soup Kitchen Network, and sharing kind words and actions on our Kindness Tree. This may be the end of the week but we will continue to honor our commitment to #DoMoreGood in our communities—near and far—and encourage all to do the same. Together, we can make the world a better, kinder place.  #ImpactfulPhilanthropy 

In these challenging times, our hearts and thoughts extend to all our colleagues, clients, partners and friends affected by the recent severe weather impacting the Southeast.

We’re a few weeks away from Money20/20…  Let’s connect and talk about our full banking suite! Meet us in Vegas and learn firsthand what we’re doing to empower leading tech companies, lenders, and financial institutions: https://lnkd.in/eS3zRUUp #Money2020 #Fintech