Category: Banking

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 […]

The Federal Reserve’s cut in interest rate in September is undoubtedly fueling the multifamily real estate market judging from key market factors such as the increase in demand, shortage in supply and rising levels of asking rent. As rate cuts continue to do its job to stimulate market activities and boost transaction volume,  the recalibrated […]

Mission-aligned partnership aims to provide equal financing access for women and minority-owned businesses New York, NY – September 18, 2024 – Piermont Bank, a leading women-founded, technology-driven commercial bank, is proud to announce its participation in the National Football League’s (NFL) latest financing initiative that secures nearly $100 million in loans from minority banks. Doubling […]

Making the business and social case for banks and venture capitalists working together with the underrepresented but promising new faces of startups The current data on where seed funding flows today suggests we are still misreading a crucial census trend and therefore missing investment opportunities. The message? The racial makeup of America’s most powerful and […]

Five strategies for banks to move beyond the hype and stay ahead of the AI adoption curve Artificial intelligence (AI) is all around us. The recent proliferation of the hype-building generative AI (Gen AI) gets us wondering: is AI democratizing the technology for all? While uncertainties abound and cautions on good AI governance should always […]