Piermont Bank built its own proprietary API platform to allow companies to tap its embedded finance services, a market that is expected to reach $7 trillion in transaction value in 2026.
The proprietary platform was built so the digital commercial “bank can move faster and respond with more precision,” founder and Chief Executive Wendy Cai-Lee tells Bank Automation News on this episode of “The Buzz” podcast.
The embedded finance offerings from the digital bank, she says, are vehicles for:
Piermont, founded in 2019, has $500 million in assets, according to the company.
Listen to “The Buzz” to hear Cai-Lee discuss Piermont’s embedded finance strategy.
For more on embedded finance, register here for “Seamless integration: The new frontier in embedded payments,” a free Bank Automation News webinar set for Tuesday, July 22, at 11 a.m. ET.
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