Covid-19 Impact on Banks, And fixes. The Black Swan Opportunity

Download Now

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

IBS Journal: The iconic monthly FinTech magazine

May 2020 issue out now! Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Fintech provides payment solution for freelance workers


Gilles Gade, Founder, President and CEO, Cross River

Cross River, a fintech bank, has worked with payments platform Stripe to provide workers in the marketplace economy – in areas such as ride sharing and food delivery – with easy access to earnings using push-to-card payments.
It said the API-first, integrated platform will improve the way independent freelance professionals are paid, pushing earnings to workers in real time whenever needed and helping them better manage their day-to-day cash needs.
“Cross River’s partnership with Stripe will fundamentally improve how freelancers receive their compensation,” said Gilles Gade, Founder, President and CEO, Cross River. “The combination of our banking network and Stripe’s payments platform will promote financial inclusion by paying people when and how they want to be paid.”
He said the partnership brings the latest disruptive technology to the emerging payment ecosystem, while ensuring regulatory compliance and consumer protection, claiming that Cross River’s innovative banking approach aligns with Stripe’s mission to grow the GDP of the internet by adding technological muscle built on a regulatory foundation.
Cross River’s proprietary BaaP technology enables its fintech partners to seamlessly plug into its APIs, access critical regulatory and compliance services and in turn, empower their consumer customers with turnkey banking services and access to critical capital through marketplace lending, he added.

Related IBS Intelligence Research

Related Posts