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 […]
Category: Banking
Press Release: Piermont Bank Proud to Partner with the NFL to Drive Economic Opportunities in Underserved Communities
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 […]
Working Together, Banks and Venture Capital Can Better Fuel the Rising Tide of Innovation
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 […]
Demystifying AI and Use It as a Way to Level the Playing Field in Banking
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 […]
Featured in American Banker: Most Powerful Women to Watch
We are happy to share that our Founder & CEO, Wendy Cai-Lee, is named American Banker’s Most Powerful Women to Watch in 2023 for the second year in a row! American Banker’s Most Powerful Women program recognizes the many women leaders with strong performance and a commitment to driving outcomes for diversity, equity, and inclusion. Piermont, a […]