We could not be more thrilled to partner with Piermont who is super excited to support our roadmap for joint and family experiences that we are building for the long-term. Here’s why we picked Piermont:
- their entire business is focused on supporting fintechs like us (rather than viewing partnerships as a business unit)
- they bring deep expertise in commercial and retail banking
- they have an expertise for expanded family products (hint: custodial accounts, minor accounts and even individual accounts)
- they share our values around responsible innovation in financial services
Just because we are so excited, here are a few more fun details:
- Founded in 2019, Piermont Bank is a commercial digital bank with the mission of changing the face and pace of banking.
- Piermont Bank is a different kind of bank: women-founded, entrepreneur-led, and technology fortified. It is also a multi-ethnic Minority Depository Institution (“MDI”) designated by the FDIC.
- As a new bank that’s built to serve fintech, Piermont Bank is unencumbered by burdensome legacy technology and able to move fast with agility to meet the needs of its fintech partners.