Piermont Bank

Insight by Piermont Bank CEO Wendy Cai-Lee from the PEI's #WomenInPrivateMarketsSummit: As the CRE debt market grows increasingly complex, adaptive approaches are critical to managing risks while delivering value. Piermont Bank adamantly believes a culture of collaboration, transparent communication, and innovation will be instrumental in unlocking opportunities in this dynamic market. We are thrilled to work with some of the leading funds to continue in servicing the CRE market. Read more: https://shorturl.at/w8c9N #PrivateMarketInternational #WomenInPrivateMarkets #CRE #CREFunds #BankingSolutions

It was great to join leading thought leaders and innovators at the FT Global Banking Summit last week in London to explore how AI is reshaping the financial industry at its “core.”

Here is a quick recap of some thought leadership coming out of Financial Times's FT Live #2024GlobalBankingSummit held last week in London. Among the many thought-provoking topics, a common theme that threaded almost all sessions is technology in banking. Although most experts agree that progress in tech advancement in banking has mostly been focusing on risk management and regulatory compliance, a big space is open for automation innovation that can significantly elevate customer experience. Piermont Bank Founder & CEO Wendy Cai-Lee said: The integration of AI and innovative tools isn’t just about operational efficiency; it’s about reshaping the customer journey, enhancing risk management, and fostering resilience in a rapidly changing landscape. Read more at Piermont Insight: https://shorturl.at/rc8PE #AIBanking #inclusivity

There are many takeaways from the #GlobalBankingSummit convened by Financial Times’ FT Live, insights that are valuable for banks around the world navigating through the time faced with evolving challenges and opportunities. Piermont Bank Founder & CEO Wendy Cai-Lee shared her insight on what it takes to fully take advantage of advanced automation technology for banks, especially banks with legacy tech stacks, to create the next era of customer experience. Check out this insight sharing to learn more. #globalbankingsummit #AIbanking. https://lnkd.in/eNcMR78h

Piermont Bank Founder & CEO Wendy Cai-Lee is in London this week and speaking at PEI’s annual #WomeninPrivateMarkets summit on how to navigate the current real estate debt market. As Cai-Lee pointed out, in the mix of challenges, resilience and recalibration on the global real estate landscape, the debt markets are enduring significant shifts as many lenders take their time to work through their over exposure to commercial real estate. Yet, the debt markets also present opportunities for innovative financing strategies, especially for banks with capacity to collaborate with alternative investors for financing solutions. It’s increasingly a complex debt market and requires adaptive approaches to manage risks and deliver value effectively. #WiPM24 #WomenInPrivateMarkets #PrivateEquity

This week I had the pleasure of co-speaking at The Financial Times Global Banking Summit in London on the topic of 𝘙𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘭𝘦 𝘳𝘦𝘪𝘯𝘷𝘦𝘯𝘵𝘪𝘰𝘯 - 𝘔𝘢𝘬𝘪𝘯𝘨 𝘉𝘢𝘯𝘬𝘪𝘯𝘨 𝘮𝘰𝘳𝘦 𝘪𝘯𝘤𝘭𝘶𝘴𝘪𝘷𝘦 𝘢𝘯𝘥 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘪𝘯 𝘢𝘯 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨𝘭𝘺 𝘶𝘯𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘸𝘰𝘳𝘭𝘥. I was honored to share the stage with Wendy Cai-Lee, CEO at Piermont Bank, and our session was expertly moderated by Matthew Vincent, Editor, Project Publishing at Financial Times.   We delved into fostering a ‘reinventor’ mindset in financial services, leveraging advanced technologies like #GenAI and automation to enhance resilience, anticipate threats, and implement ethical, inclusive, and sustainable practices for thriving in an uncertain landscape.     Our discussion highlighted the biggest challenges facing financial services: cost control, risk and resilience, and customer retention/expansion. I shared insights on how to tackle these challenges through 𝗵𝘆𝗽𝗲𝗿 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻, 𝗵𝘆𝗽𝗲𝗿 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗵𝘆𝗽𝗲𝗿 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻, all powered by technology, data and AI. As an example, a shift from the KYC (Know Your Customer) model to UYC (Understand Your Customer) and EYC (Engage Your Customer) models as key to building more personalized data-driven customer relationships.     Later, it was a pleasure to host some of the top thought leaders and our client partners in banking and financial services at the NTT private dinner and engage in some riveting discussions about the future of the financial services industry.     #FTBanking 

Piermont Bank Founder & CEO Wendy Cai-Lee took stage and led two sessions related to banking & innovation in Day 1 of FT Live 2024 Global Banking Summit. She spoke to the opportunities & challenges in AI modernizing to the core technologies in banking. In a dialogue with Financial Times editor Matthew Vincent, Cai-Lee and NTT DATA president & CEO Abhijit Dubey also shared their insight on how technologies and banking can come together to make banking more inclusively and sustainably. #AIbanking #BankingInclusivity #globalbankingsummit

Piermont Bank is proud to be part of this electrifying conversation among leading banks from around the world, convened by FT Live. #GlobalBankingSummit

I’m excited to be back at Financial Times’ upcoming Global Banking Summit in London on Dec 3-4, and speak about AI modernizing to the core, a topic I’m passionate about. We will explore how banks are embracing AI and challenges faced by most legacy core banking systems to integrate outside AI platforms. I’ll also be on stage with NTT DATA President and CEO Abhijit Dubey and FT's Matthew Vincent talking about how to make today’s banks reinvent more responsibly and sustainably. Join me and other banking leaders to explore how the global banking system moves forward to confront today’s top line themes dominating discourse across geopolitics, economics, technology, climate, global business and investment. Read more: https://lnkd.in/dZ_3wQX #AImodernization #AIBanking #LegacyTechnologyInBanking

Gratitude is one of the sustaining powers for life and success. At Piermont Bank, we are thankful for the opportunity to support your business! #Entrepreneurs #SMB