How Banking-as-a-Platform Propels Cross River Bank


banking20disruption

Banking industry is ripe for disruption. The interesting thing is that Banking comprises of a host of different services and each of these service lines can potentially have its own Uber or Airbnb.

Nair: You’ve been in this space for some time. What do you think are the most exciting trends in fintech?

Gade: Financial inclusion is probably the most exciting trend for me. … We are providing access to credit to more than 2.2 million people on an annual basis. This is a source of satisfaction that is very unique. … We are the settlement bank for a number of fintech players, and we execute anywhere between 3 million to 5 million transactions a week. That’s also a very big source of satisfaction. These numbers are important not because they’re associated with dollars and earnings, but more because we are providing people the ability to transfer money to their families, to their friends, on an international basis or even domestically.

The complete interview

Knowledge@Wharton

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