Cross River Bank, the partner bank for large fintech startups like Stripe and Affirm, is using The Clearing House’s real-time payments (RTP) network to enhance service to clients and boost its value proposition to future ones.
Gilles Gade, Cross River Bank CEO
According to Cross River Bank CEO Gilles Gade, real-time payments will prove attractive to financial startups in third-party payments, cryptocurrencies and marketplace lenders. “There’s a whole industry in the payment space that we’re catering to, and they are thirsty for new products and services,” Gade said. “The onboarding process at the big banks is very lengthy with a lot of obstacles, and it’s not certain. With us, we’re trying to streamline that process and make it easy.”