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 […]
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Press Release: Piermont Bank Offers Large Depositors Safe, Seamless Way to Make a Difference in our Community
August 7, 2024 — Piermont Bank, a fully chartered digital commercial bank, is pleased to join a new national initiative, the Advancing Communities Together Deposit Program, that enables institutional depositors to access higher aggregate levels of FDIC insurance across participating banks while also making a difference for underserved communities. “As the Nation’s first – and […]
The Power of Women Leadership – Stories from Intergenerational Women Leaders
On January 24, 2024, Piermont Bank had the pleasure of hosting a panel discussion for Douglass Residential College and Institute of Women’s Leadership. By the topic of “When Women Lead: An Intergenerational Perspective”, the panel brought together a diverse group of women leaders from Rutger’s alumni including Wendy Cai-Lee, Founder and CEO of Piermont Bank, […]
Featured in Banking Dive: Making the Case for Women-Owned Banks
Wendy Cai-Lee, founder and CEO of New York City-based Piermont Bank, in a recent interview to Banking Dive shared her insights on the trend of bankers establishing women-owned institutions to better service women-owned firms. Since its inception, Piermont made more than 50% of its lending in low- and moderate-income communities and to women- and minority-owned […]
Featured in Tearsheet: How mutually beneficial partnerships within the BaaS ecosystem can help banks and fintechs expand into lending
BANKING AS A SERVICE In a conversation about BaaS relationships during Tearsheet Talks, Piermont Bank’s chief banking officer shares valuable insights on the dynamics of bank-fintech partnerships. Delve into the world of sustainable collaborations by learning how aligning incentives and leveraging expertise can reshape the future of banking. Banks, fintechs and technology companies all have […]
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