New Fintech Launches to Help Banks Measure Branch Effectiveness

Paramount Financial Technologies is powered by artificial intelligence and analytics to help banks understand more about the effectiveness of branches; the company looks to answer three questions: when to open new branches for deposits, how to improve efficiency in the face of digital banking and where they need to spend more time build commercial relationships for lending; Paramount has built partnerships with real estate companies which helps it to better assess costs when a bank wants to grow their branch network; branches overall have been closing but there are pockets of growth and Paramount’s Massachusetts home is one area that has seen big branch growth in recent years. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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