Category: News Coverage

On September 21, 2022, the Federal Reserve (Fed) raised rates for another 75 bps, the fifth rate hike this year. According to the Fed’s September economic projections, the Federal Open Market Committee (FOMC) policy makers suggested that 2022 will end in the 4% to 4.5% range. To help navigate the rate environment and overall economic […]

Banking-as-a-Service (BaaS) has become quite popular these days with dozens of banks offering different services to fintechs and tech companies. But almost all these banks were not originally conceived this way, they are adding BaaS as a new product offering. Piermont Bank CEO Wendy Cai-Lee was a guest on the Fintech One-on-One podcast and shared […]

Putting fintech first to empower seamless and accessible embedded finance New York, NY – February 15, 2022, Piermont Bank, a digital commercial bank that serves the fintech ecosystem, announced today that it has entered a strategic partnership with Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products. The partnership allows […]

Top investors are betting New York City as the fintech capital, so are we! This is why we are actively expanding our innovation banking capability to better serve the fintech ecosystem, especially in NYC.

Piermont Bank serves SMBs with a hybrid blend of digital and human bankers. Our Founder & CEO Wendy Cai-Lee joined Zachary Miller on a Tearsheet Podcast to talk about the journey of building a fully chartered commercial bank that addresses the pain points of SMBs.