The real estate debt market is at a crossroads, marked by resilience, recalibration, and new opportunities amidst significant challenges. Speaking at PEI’s annual Women in Private Markets Summit in London, Piermont Bank Founder and CEO Wendy Cai-Lee provided insights on navigating this evolving landscape. In recent years, many lenders became overexposed to commercial real estate […]
The Financial Times Live 2024 Global Banking Summit brought together thought leaders and innovators to discuss the status and future of banking, but one common theme that threaded almost all sessions is technology in banking. Among the standout voices was Piermont Bank Founder and CEO Wendy Cai-Lee, who spoke on two transformative topics: the opportunities […]
A recent report by IBM’s Institute for Business Value in collaboration with the Banking Industry Architecture Network (BIAN) highlights a glaring disconnect between the needs of small and medium-sized businesses (SMBs) and the products traditional banks typically offer. For the Piermont Bank community, this data resonates all too well. According to the report, fewer than […]