Piermont Bank partners with fintechs, but it’s not content to stay in the background, only mentioned in tiny print at the bottom of a website. The New York bank, which opened in the summer of 2019, offers banking-as-a-service and traditional products like loans to fintechs and other small and midsize businesses.
Category: Banking
Piermont Bank Partners with Treasury Prime to Bring Speed and Scale to Fintech Banking
New Banking-as-a-Service (BaaS) model lets fintechs bring sophisticated embedded finance offerings to market fast New York, NY – Piermont Bank, a tech-enabled digital commercial bank, and Treasury Prime, a Banking-as-a-Service (BaaS) company connecting banks and fintechs, announced today a strategic partnership that will enable fintech companies to embed Piermont’s payment and banking solutions into the […]
Remote Leadership and the Power of Partnerships: Finding the Upside in a Pandemic
While we continue to hurdle the obstacles handed to us by this crisis, it is remarkable to watch certain leaders tackling new challenges and discovering hidden opportunities in the process. Read the “Lonely CEO” Column.
Podcast: Healing ‘Pain Points’ for Multigenerational Family Businesses
On the latest episode of the ABA Banking Journal Podcast, our CEO Wendy Cai-Lee discusses with Evan Sparks and Monica C. Meinert at ABA Banking Journal on how Piermont Bank is built to heal “pain points” for multigenerational family businesses.
Featured on Banking Dive: De Novos See Silver Lining Amid Coronavirus Pandemic
The current crisis has validated Piermont’s goal to serve small to medium-sized businesses with borrowing needs between $1 million and $10 million. “Because we have a very clean balance sheet, strong capital position and cash position, we are one of the few out there actively doing new lending.