Announcement: Veratad’s CEO, John E. Ahrens, will be a Panelist on NJTC’s Growing New Jersey’s Fintech Ecosystem

Fort Lee, NJ, June 24, 2019 – Veratad Technologies, LLC (veratad.com), an innovative and industry-leading provider of global online identity verification, age verification, and fraud prevention solutions, announced that John E. Ahrens, Veratad’s CEO. will be participating as a panelist at New Jersey Tech Council’s Growing New Jersey’s Fintech Ecosystem, hosted by Cross River Bank in Fort Lee NJ, on June 25, 2019.

Growing New Jersey’s Fintech Ecosystem will discuss the role of Fintech in the New Jersey economy and how to keep New Jersey competitive by attracting and retaining leading technology companies. In addition to John E. Ahrens, CEO of Veratad, the panel will feature individuals from Paypal, Kabbage, and Robustwealth discussing why New Jersey is the ideal location for FinTechs today.

The Fintech Ecosystem

Attendees will hear from industry stakeholders, elected officials, policymakers and key business leaders in New Jersey and learn about how the Fintech ecosystem is growing in New Jersey. The attendees of the event will have the opportunity to meet key leaders in New Jersey who are helping to increase Fintech jobs in New Jersey, and the value proposition this brings to the state.

There will be two panel discussions. The first will be Regulatory Best Practice: Growing Jobs and Expanding Financial Technology in New Jersey. The second panel will be Keeping New Jersey Competitive: How Can New Jersey Attract and Retain Leading Tech Companies. John E. Ahrens will be participating in the second panel along with members from Paypal, Kabage, and Robustwealth.

About John E. Ahrens

John currently serves as Veratad’s Chief Executive Officer. In his role as CEO, John manages the company’s strategic direction and overall operations. John’s previous experience includes 20 years serving as COO of INFOLynx, a software design and consulting company serving the needs of the E-commerce, Payment Processing, and Electronic Funds Transfer Industries and to some of the nation’s leading Financial Transaction Processing Companies, including PULSE EFT Association/Discover Card and The NYCE Network. John was also a founding principal of an NJ based insurance, risk management, brokerage and consulting firm, which was acquired by Wells Fargo Bank. During his 20 years of professional insurance practice, John developed expertise in the technology sector and was recognized on numerous occasions for outstanding management performance. John has served as Veratad’s CEO since 2006.

About Cross River

Cross River Bank is a fast-growing financial services organization that merges the established expertise and traditional services of a bank, with the forward-thinking offerings of a technology company. They combine a compliant and comprehensive suite of products into a unique banking-as-a-platform solution, encompassing lending, payments and risk management. Cross River partners with leading marketplace lenders and Fintech companies enabling them to focus on their own growth without hindering innovation. In December 2018, the company secured $100 million in a funding round led by KKR. This was on top of the $28 million VC funding

round in 2016 from Battery Ventures, Andreessen Horowitz, and Ribbit Capital. Founded in 2008, Cross River is a New Jersey state-chartered FDIC insured bank. For more information, please visit Cross River’s website at www.crossriver.com or on Twitter @crossriverbank.

About NJTC

The New Jersey Tech Council provides business development, education, networking and recognition opportunities as well as advocacy for the state and region’s technology businesses. By collectively representing tech, life science and tech-related companies and organizations as well as the professional firms that support them, the Tech Council has the unique ability to: offer opportunities to learn, network and grow; recognize and promote member companies and their leadership; nurture the tech and STEM talent pipeline critical to growth; provide access to financing sources and additional resources; and advocate and support public policy which strengthens our ecosystem. Founded in 1996, the Tech Council is a private, nonprofit membership organization, which supports the tech, innovation, and entrepreneurial ecosystems across the state and region.

For more information, please contact Ana Mazumdar at ana@njtc.org.

About Veratad

Veratad Technologies, LLC is a world class provider of online/real-time Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity.

Veratad’s IDresponse® suite of global verification and compliance solutions offer a powerful and innovative approach to knowing your online financial services and FinTech customers. The Veratad suite includes identity verification, Knowledge Based Authentication, document validation as well as an Out of Band 2 Factor Authentication with biometrics. Whether deployed as stand-alone or in combination, these technologies are all designed to increase profits, reduce costs, prevent fraud and enhance compliance efforts.