Fort Lee, 7024, NJ,
United States
Cross River Technographics
Cross River Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Cross River and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 500 Cross River employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Cross River has purchased the following applications: Fiserv Prologue for ERP Financial in 2015, Fiserv Cleartouch Bank Platform for Core Banking in 2015, Palantir Foundry for Analytics and BI in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Cross River is running and its propensity to invest more and deepen its relationship with Fiserv , Palantir Technologies , Zoom Video Communications or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Cross River revenues, which have grown to $265.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Cross River intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Cross River Tech Stack and Enterprise Applications
Cross River ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Fiserv Prologue | ERP Financial | ERP | n/a | 2015 | 2016 |
In 2015 Cross River deployed Fiserv Prologue to support core ERP Financial processes for Treasury and Accounting. Fiserv Prologue was implemented as the banks central ledger and cash orchestration platform for cash management, intraday and monthly forecasting, reconciliation, and settlement workflows.
The implementation configured Fiserv Prologue to manage functional modules and capabilities for cash management, forecasting, collateral management and margining, trade and GL break resolution, wires, reconciliations, and regulatory and management reporting. Configuration work included defining GL accounting treatments, process flows for pledged collateral, and reporting structures used by Treasury and Finance, and the full application name Fiserv Prologue appears in daily operational tooling.
Integrations were executed with finance and operations tooling explicitly referenced by Cross River, including Blackline for reconciliation coordination, FedLine Account Management Information for Fed connectivity, Fiserv Cleartouch for payment processing, and Derivative Edge for derivative position reference. The bank also coordinated the FX partnership and hedge accounting process with Goldman Sachs, and set up Discount Window access in coordination with the Federal Reserve Bank of New York to support liquidity operations.
Governance and rollout emphasized cross-functional ownership and controls, with Treasury leading requirements and onboarding for fintech partners, product, capital markets, accounting, legal, and IT. The program established roles and responsibilities, developed documented procedures for pledged collateral management, and embedded GL accounting and reporting rules into Prologue to support internal and external audit processes and oversight.
Explicit outcomes recorded in the implementation and subsequent operations include establishing processes to manage pledged collateral and access over 1 billion dollars in committed funding, creating and automating Insured Cash Sweep and Insured Network Deposits programs tied to a 1 billion dollar third party funding relationship, and producing a revamped daily cash forecast model that underwent model validation with minimal findings. The Cross River deployment of Fiserv Prologue remains focused on Treasury, cash management, and ERP Financial accounting functions across the banks operational footprint.
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Cross River ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Fiserv | Legacy | Fiserv Cleartouch Bank Platform | Core Banking | ERP Services and Operations | n/a | 2015 | 2016 |
In 2015, Cross River implemented Fiserv Cleartouch Bank Platform for Core Banking. The deployment anchored treasury and cash management operations and was adopted by treasury operations, product, capital markets, accounting, and operations teams to support deposit, payment, and liquidity workflows.
Configuration work focused on core account processing, cash management and intraday forecasting capabilities, collateral management and margining, reconciliation and trade and GL break resolution, wire and settlement processing, and GL accounting to support new sweep product workflows. Fiserv Cleartouch Bank Platform was configured to support a customer centric in-house sweep product for fintech partners, with business rules, GL mappings, and reporting flows defined through cross functional workshops.
The implementation integrated with finance and operations tooling explicitly referenced by Cross River, including Prologue, Blackline, FedLine Account Management Information AMI, and Derivative Edge, and it supported operational linkages to the Federal Reserve Bank of New York for Discount Window access. Operational coordination extended to FP&A, Legal, Lending, Product, IT and Data Science, and external partners including a foreign exchange partnership with Goldman Sachs and a third party funding relationship used to implement Insured Cash Sweep and Insured Network Deposits programs.
Governance and process work included establishing roles and responsibilities, formal procedures, monitoring, and reporting for pledged collateral and central bank facility access, defining GL accounting and reporting for sweep products, and automating reconciliation and settlement processes. Treasury leadership led training and development of direct reports and operational teams, and the daily cash forecasting model implemented alongside Fiserv Cleartouch underwent model validation with minimal findings.
Explicit outcomes documented in the implementation include documented access to over 1 billion dollars of committed funding through collateralized facilities and the establishment of a one billion dollar third party funding relationship to support balance sheet growth. Fiserv Cleartouch Bank Platform centralized core banking functions for treasury operations and fintech partner integration while embedding controls for collateral, funding, and reporting.
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Cross River Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Palantir Technologies | Legacy | Palantir Foundry | Analytics and BI | Analytics and BI | n/a | 2020 | 2020 |
In 2020 Cross River deployed Palantir Foundry to support enterprise Analytics and BI needs focused on AML and anti fraud application development. The deployment emphasized user facing applications and operational detection scenarios rather than platform level infrastructure ownership, and the engagement included staffing for a Palantir Foundry Application Builder and an Assistant Vice President, Data Engineer to lead AML and Anti Fraud implementation efforts.
The implementation centered on Foundry application patterns, using Palantir Foundry components such as Workshop, Slate, Code Workbooks, Object Builder, Pipeline Workflows, Contour, and the Ontology framework to construct dashboards, investigative workflows, and reusable application logic. Configuration work included UI and UX adjustments for end users, creation of iterative dashboards for emerging business needs, and maintaining Ontology data models in collaboration with data engineering and business owners.
Operational integration scoped to compliance, investigations, BSA AML compliance, product owners, and data governance teams, required coordination with platform engineering, data engineering, and enterprise architects to align data models and pipeline contracts. Implementation tasks specified use of Code Workbooks with Python and PySpark and SQL for pipeline transform logic, development of reusable enrichment and feature engineering patterns, and establishment of testing methodologies and L2 support processes for scenario pipelines.
Governance and rollout activities included participation in planning forums and enterprise reviews to ensure compliance and alignment with internal security and regulatory standards, formal knowledge transfer and training programs to accelerate team capabilities in Foundry tooling, and maintenance of version controlled documentation for logic, workflows, and support materials. Quality assurance responsibilities covered testing of scenario logic and pipeline outputs, monitoring of solution performance, and iterative refinement driven by stakeholder feedback.
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Cross River Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Audio Video and Web Conferencing | Collaboration |
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2020 | 2020 |
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Collaboration | Collaboration |
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2018 | 2018 |
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Cross River Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Digital Signing | Content Management |
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2021 | 2021 |
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Intelligent Document Processing | Content Management |
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2017 | 2017 |
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Web Content Management | Content Management |
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2020 | 2020 |
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Cross River CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Customer Experience | CRM |
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2022 | 2022 |
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Digital Advertising Platform | CRM |
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2022 | 2022 |
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Cross River ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Performance Management | ITSM |
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2019 | 2019 |
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Incident Management | ITSM |
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2021 | 2021 |
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IT Service Management | ITSM |
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2020 | 2020 |
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IT Service Management | ITSM |
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2024 | 2024 |
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Cross River TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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AML, Fraud and Compliance | TRM |
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2021 | 2021 |
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Governance, Risk and Compliance | TRM |
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2021 | 2021 |
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Cross River IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2018 | 2018 |
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Application Hosting and Computing Services | IaaS |
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2019 | 2019 |
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Content Delivery Network | IaaS |
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2019 | 2019 |
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Cross River CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Secure Email Gateways (SEGs) | CyberSecurity |
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2018 | 2018 |
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IT Decision Makers and Key Stakeholders at Cross River
Apps Being Evaluated by Cross River Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| 2025-02-14 | Cross River | Evaluated | Microsoft | Microsoft Viva Glint Platform | Performance and Goal Management, Employee Experience | HCM |