Cross River Bank Launches Embedded International Payments via Smart Routing

Cross River Bank announced the launch of its International Payments product on April 30, 2025, expanding its embedded finance infrastructure to cross-border transactions. The API-based solution enables fintechs and small-to-medium businesses to offer seamless international payments directly within their platforms. A key feature is smart routing technology that automatically selects between SWIFT and local payment rails to optimize cost and speed for each transaction.

The product includes built-in AML compliance capabilities, reducing the regulatory burden on fintech partners integrating cross-border payments. Cross River, already a major BaaS provider in the US for domestic payments and lending, positions this launch as a natural expansion of its borderless finance vision. The product is available immediately to existing and new partners through Cross River's API suite.

Financial terms and pricing were not disclosed. The launch strengthens Cross River's competitive position against other BaaS providers expanding into international payment corridors.