“Since we opened our doors here 11 years ago, the state of New Jersey has enabled us to grow and become a leader in the fintech industry,” Phil Goldfeder, senior vice president, Public Affairs for Cross River Bank, said at an event hosted in conjunction with the New Jersey Tech Council at the state-chartered bank’s Fort Lee headquarters.
Elected officials, stakeholders and policymakers convened Tuesday for Growing New Jersey’s Fintech Ecosystem, a discussion exploring the industry’s environment in the state, with a focus on the value it promotes and how to broaden opportunities.
“The fintech universe is changing so rapidly so we’re delighted to partner on this dynamic event which will help bring us up to speed on the latest trends and disruptions in the marketplace,” New Jersey Tech Council President and Chief Executive Officer Jim Barrood said.
The bank described a burgeoning relationship with NJTC, saying similar events in the future would continue to highlight the expanding fintech ecosystem and industry in the state – a notion which speaks to the tenants of community and collaboration, among a range of partners, promoted by the event itself.
In March, Cross River announced it would expand its headquarters in the state, with plans for an addition 250 employees, following its approval in December by the state Economic Development Authority for tax credits under the Grow New Jersey program. Earlier this week, the bank announced its acquisition of online, small business banking technology platform Seed, and plans to open two offices on the West Coast.
“New Jersey is innovative and community-driven, and we are proud to be leading the charge in the state we have always call home,” Goldfeder said.