Railsbank is a leading UK Based open banking/regtech technology services platform and Cross River is a provider of banking services for many fintech companies; the partnership will allow Railsbank clients in the UK and Europe to enter the US through existing integrations; Nigel Verdon, co-founder and CEO of Railsbank commented, “This is a hugely significant move for Railsbank as it is the first time that banking-as-a-service is being delivered on both sides of the Atlantic through a single API. This partnership not only demonstrates the strength of our proposition – which is being recognized on a global scale – but on an operational level, it provides our customer base with access to a huge market with all the opportunities that entails.” Source
