Ibanera, a global banking and payments company, today announced the launch of its new partnership with Cross River, a technology infrastructure provider that offers embedded financial solutions, to power Ibanera’s digital banking platform and payments capabilities with its API driven platform and proprietary banking core.
“We are excited to partner with Cross River to provide businesses and payment companies with the tools and APIs in this fast-evolving market,” said Michael Carbonara, CEO of Ibanera. “The combined capabilities of our companies create immediate market value as modern banking products enhance the speed and lower the costs of commerce, allowing businesses to scale as necessary.”
Ibanera’s partnership with Cross River provides seamless integration and end-to- end automation so businesses of any size can accept ACH, wire and RTP account funding, payment distributions and payment collections. These services provide businesses with the payment options necessary for scalability and pave the way for future collaborations between the organizations.
“With the ability to expand payment rails and use cases, Ibanera provides businesses with the optionality and scalability necessary for our non-stop and ever- evolving world,” said Keith Vander Leest, Head of Payments at Cross River. “We’re thrilled to support Ibanera’s platform and their efforts to improve financial access and affordability for businesses worldwide.”
Ibanera’s robust set of digital banking solutions allow institutions and the businesses they serve to operate more efficiently by increasing speed of onboarding and transacting while lowering cost when compared to traditional methods. Cross River is known for its leading technology infrastructure and strong focus on regulatory compliance and consumer protection.