Piermont Bank

As we are anticipating rate cut in September, how is it going to impact #multifamily market? Hear from our CEO Wendy Cai-Lee on the current state and trends of the U.S. multifamily market. #CRE #ratecut #CRElending #CREtrends

Curious about how AI can be deployed in banking??Despite its vast potential, implementing AI requires careful planning and execution. In recent conversations with industry leaders at forums including Bloomberg’s The Future Investor: Garnering the Power of AI and the Financial Times’ 2024 Outstanding Directors Exchange, Piermont Bank led discussions on how the latest AI revolution can impact smaller banks and what actionable steps they can take to gain a significant competitive edge in the marketplace. Check out the five strategies for smaller banks to move beyond the hype and stay ahead of the AI adoption curve. #AIinbanking #GenAI #AIadoption #innovationinbanking?

We are pleased to announced that Piermont Bank joins 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 one of the only four - multi-racial Minority Depository Institutions (MDIs), Piermont Bank has been investing more resources in creating equal financing access for women and minority owned businesses," said?Wendy Cai-Lee, Founder & CEO, Piermont Bank. "The ACT program allows companies, nonprofits, and large depositors to invest in our mission and join our effort of creating financial equality with peace of mind. We hope more institutions can take advantage of this new, safe, and streamlined offering." The ACT Deposit Program is designed to channel vital funding to banks like Piermont Bank serving minority communities across the country, while also providing depositors with access to millions of dollars in aggregate FDIC insurance across network banks. Read more: https://lnkd.in/ebbvhDkb

? Use the summer months to plan for your dream career! ? ? Be part of the future of commercial banking and empower innovative businesses. Work with a diverse and experienced team of banking experts leveraging cutting-edge technology to automate processes and streamline banking. Check out our current list of job opening: https://lnkd.in/etaK6JEG #jobalert #nowhiring #job #gethired #jobopening #jobfair #recruiting #joinourteam #jobs #jobsearch #hire?#dreamjob #bankingcareer

During the recent Outstanding Directors Exchange by FT Piermont Bank Founder & CEO Wendy Cai-Lee and Joshua Franklin, US banking editor at the Financial Times, discussed strategies fostering trust for steadfast leadership navigating through challenges in an uncertain time and initiatives banks can take to elevate #AI deployment on board agenda. https://odx.live.ft.com/

As we observe and celebrate #Juneteenth, honoring #freedom and #equality, we are committed to building a better and more equitable future for all.?

ICYMI - Our Founder & CEO Wendy Cai-Lee joined thought leaders intersecting financial & AI at Bloomberg’s The Future Investor: Garnering the Power of AI. Watch the video from the event yesterday on how innovative businesses can pull ahead by leveraging AI & data analytics to unleash meaningful insights and help inform stakeholders to make the right investment decisions. https://lnkd.in/dD4b65Xs #AI #AIinbanking #AIdata #Data #Dataanalytics #bloombergAI #powerofAI

For innovative companies and investors, #AI is playing an important role in #data aggregation, and Piermont Bank is no exception. Join our Founder and CEO, Wendy Cai-Lee, at the upcoming Bloomberg event, The Future Investor: Garnering the Power of AI, on June 11, 2024. It will be an insightful discussion on real-world applications of AI and data analytics in banking and how to leverage technology effectively. https://lnkd.in/ek_S4JjJ #dataanalytics #AIapplication #AIinbanking

This week, our Founder & CEO, Wendy Cai-Lee joined a group of talented women leaders at PEI’s Women in Private Markets Summit North America 2024. The panel brought together executives including Molly Mahoney at Slate Asset Management, Robin Potts at Canyon Partners Real Estate, Sarah Schwarzschild at Mavik Capital Management. The panel was moderated by Samantha Rowan at Real Estate Capital USA. It was an insightful discussion on the current landscape of real estate debt investing. Wendy shared her insights on how the interest rates and inflation affect real estate debt, and how Piermont is actively working with real estate debt funds to provide additional leverage and note-on-note financing. #Womenleadership #CREinvesting #CREfinancing #CREdebt #debtfunds

?? Are you attending #Finovate Spring in San Francisco next week? Check out the keynote address by our Chief Banking & Innovation Officer, Rodrigo Suarez. He will be sharing insights on Open Banking, Banking as a Service, Embedded Finance, particularly what are the challenges and opportunities. ?? Below is more information on his session: https://lnkd.in/efkf-5Rf #fintech #baas #embeddedfinance #openbanking #innovation