US-based financial solutions provider Cross River Bank has teamed up with Fintainium, a cloud-based financial platform, to improve fintech payment offerings for small and medium businesses (SMBs).
Under the collaboration, Cross River will provide a range of payment services to enhance Fintainium’s payment offerings for its business customers.
Fintainium’s SMB customers will obtain access to Cross River’s automated clearing house ACH, check processing with positive pay fraud prevention, and push-to-card capabilities.
The collaboration will leverage the strengths of both organisations to empower businesses.
It will provide businesses with faster access to funds, through easy and effective electronic funds transfers, fraud prevention, and rapid disbursement of funds to prepaid debit cards.
Cross River aims to empower SMBs that have been neglected by the traditional banking model, hampering their potential for growth.
Through its partnership with Fintainium, the company plans to provide personalised financial technology solutions for SMBs.
Cross River Payments head Keith Vander Leest said: “We are thrilled to partner with Fintainium to enhance their payment offerings for small and medium businesses.
“Cross River’s expertise in providing secure, compliant and efficient payment services aligns perfectly with Fintainium’s commitment to delivering innovative financial solutions.
“Together, we will empower businesses with faster B2B payment capabilities, enabling them to streamline operations and achieve greater financial agility.”
Fintainium is engaged in providing advanced financial technology solutions and software solutions, addressing the needs of SMBs.
Through the partnership, the company is enabled to further strengthen its position in the market and expand its range of payment capabilities.
Fintainium chief operating officer Neal Harm said: “It is a privilege to partner with Cross River. They understand our business and the needs of our customers.
“Their payments suite allows us the flexibility to provide comprehensive business payments solutions and offer a first-class experience to our customers.”