Cross River Bank on Monday said it partnered with Sardine, a behavior-based fraud and compliance platform for digital wallets and neobanks. according to Cross River, the partnership further solidifies its position as the infrastructure provider to fintech and crypto ecosystems and will ensure Sardine’s customers have a reliable way to gain immediate access to funds through Cross River’s platform.
“As a crypto-first financial institution, supporting the crypto industry is not only core to Cross River’s mission, but it’s also our responsibility,” Luca Cosentino, head of digital assets at Cross River, said. “Sardine is working on one of the most important problems in the payments and crypto world, and we are proud to serve them with our API-driven payments infrastructure, the base layer of the fastest-growing fintech and crypto companies.”
Sardine is a leading technology provider that offers fraud prevention, compliance infrastructure and an additional infrastructure layer that connects fiat and crypto in a regulatory compliant and easy to integrate manner.
Sardine’s platform, developed by a team of Coinbase, Revolut, Google Pay, Bolt and PayPal veterans who uniquely understand the pain and expenses associated with fintech fraud, has already been proven to stop more fraud than legacy e-commerce fraud products.
Sardine is uniquely suited to provide instant ACH transfers based on its core technology, which uses AI to provide a real-time fraud score based on the user’s identity, device and behavior patterns at the time of account origination and account funding.
Cross River recently announced its partnership with Chainalysis, the blockchain data platform, to enable crypto companies to build and scale, while knowing that regulatory expertise and compliance are already built-in.