Fintech One•On•One
Episode 500: Gilles Gade, CEO & Founder of Cross River Bank, fintech pioneer
Sep 12, 2024
Gilles Gade, CEO and Founder of Cross River Bank, shares his journey as a fintech pioneer. He discusses how Cross River has evolved to become a leader in Banking-as-a-Service and the impressive growth in loan numbers. The conversation highlights their shift from core providers to developing their own banking core. Gilles dives into recent challenges in the BaaS space, emphasizing the new hurdles for partnerships and the importance of balancing innovation with regulatory compliance.
29:51
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Quick takeaways
- Cross River Bank's foundation aimed to create a new banking model for underserved consumers, establishing significant partnerships to refine lending approaches.
- The recent BaaS crisis underscored the importance of adapting to regulatory scrutiny without stifling innovation, emphasizing better risk management practices.
Deep dives
The Founding Vision of Cross River Bank
Cross River Bank was established in response to the evident need for change in the banking sector, particularly for consumers who felt underserved. The vision back in 2008 focused on creating a new banking model to support those who struggled to access the traditional banking system. Through partnerships with innovative companies, Cross River has been able to refine their approach to lending while addressing consumer needs. This foundation allowed them to emerge as a significant player in the FinTech lending space, proving their resilience and adaptability over the years.
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