Cross River: Cross River Introduces Service to Access FDIC Insurance Coverage on Large Deposits via Automated Sweeps

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will enable Cross River's Banking-as-a-Service (BaaS) clients to access millions in aggregate FDIC insurance coverage "across network banks for their end customers, providing a seamless, automated solution for managing large deposits." Through an API-enabled integration with Cross River's banking core (COS), BaaS clients can now "access this differentiated