Sterling National Bank Signs Agreement with Rho Technologies NYSE:STL

Sterling National Bank Signs Agreement with Rho Technologies NYSE:STL

News Highlights

PEARL RIVER, N.Y., April 05, 2021 (News) — Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL), today announced a Banking as a Service (BaaS) agreement with Rho Technologies, the fintech company behind Rho Business Banking. Rho Technologies is a digital platform that provides companies with a suite of commercial banking and financial software solutions. Sterling will provide Rho with a holistic package of wholesale banking solutions to support their rapid expansion and accelerate customer growth. This collaboration is a multi-service partnership that combines Sterling’s product, operational and regulatory expertise with Rho’s sophisticated technology and product capabilities.

This collaboration marks the latest in a series of strategic partnerships and digital technology investments for Sterling — designed to create customized products and solutions for a diverse set of financial and financial technology companies. With more than $30 billion in assets, Sterling consistently delivers exceptional relationship-driven products and services to consumer, small business, and commercial clients.

“We are excited to partner with Rho. Their innovative digital banking platform provides businesses with access to the banking, budgeting and payments products they need to succeed,” said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. “Our agreement with Rho is an important step in broadening our portfolio of Banking as a Service arrangements with leading technology companies and accelerating our organization-wide digital transformation to offer customer-centric, digitally-enabled solutions to the marketplace.”

“Rho is thrilled to collaborate with Sterling National Bank. We spent a lot of time seeking a partner that had the capabilities and scale that our current and future customers need,” said Everett Cook, CEO at Rho Technologies. “We look forward to working with Sterling in supporting our future product and service offerings.”

About Sterling National BankSterling National Bank specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.snb.com.

About Rho: Rho Technologies is the NYC-based fintech behind Rho Business Banking, the only finance platform built from the ground-up to help business teams work better together. The Rho Business Banking platform approach consists of a single solution that encompasses both collaborative finance software and commercial-grade banking, which together help businesses save time, money, and effort as they grow.

 
STERLING NATIONAL BANK CONTACT:
Emlen Harmon, Senior Managing Director – Investor Relations
212.309.7646

  • Check the latest Business news updates and information updates.
  • Please share this news Sterling National Bank Signs Agreement with Rho Technologies NYSE:STL with your friends and family to support us your one share helps us a lot.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
U.S. Treasury Yellen says corporate climate commitments help manage financial risks

U.S. Treasury Yellen says corporate climate commitments help manage financial risks

Our Standards: The Thomson Reuters Trust Principles. “They also help financial institutions manage the risks and opportunities associated with the ...
The April Update for Windows 10 is causing games to randomly stutter.

The April Update for Windows 10 is causing games to randomly stutter.

As PCGamer reports, multiple reports are appearing of random stutters, unstable frame rates, and V-Sync being broken when enabled in games. The common factor ...
The Boys of Summer Take to the Field in This Week’s Xbox Games (April 19-23)

The Boys of Summer Take to the Field in This Week’s Xbox Games (April 19-23)

BAD DREAM COMA It’s a brand new week for Xbox Games and Microsoft has another heaping helping of terrific games for Xbox consoles and the Game Pass. Whether ...
Liftoff: Android may gain in ads as IDFA changes hurt iOS games and apps

Liftoff: Android may gain in ads as IDFA changes hurt iOS games and apps

Changes to Apple’s Identifier for Advertisers (IDFA) will make it harder for mobile game developers and app makers to target users based on their past ...
North Lewis elementary students, employees raise money for diabetes research

North Lewis elementary students, employees raise money for diabetes research

Like us on Facebook Follow us on Twitter Follow us on Instagram To reach the newsroom or report a typo/correction, click HERE. ————————————————————Stay in ...
Edifier announces the lifestyle-led TWS NBQ earbuds

Edifier announces the lifestyle-led TWS NBQ earbuds

The 10mm composite diaphragm driver unit provides a fully integrated, high definition sound and punchy bass with a wider soundstage, resulting in superior ...
Comparison of Natural HGH Boosters for Sale

Comparison of Natural HGH Boosters for Sale

News Highlights San Francisco, CA, April 22, 2021 (News) — Farrinstitute announces the release of their review of HGH Boosting Supplements. Getting old ...
Oral Covid-19 Vaccine Pill Offers a Way to Overcome Vaccine Resistance of Millions of Americans Nasdaq:VXRT

Oral Covid-19 Vaccine Pill Offers a Way to Overcome Vaccine Resistance of Millions of Americans Nasdaq:VXRT

News Highlights Nearly 19 million Americans who will decline vaccines would get vaccinated if they had a pill option, Vaxart’s poll finds Seven in 10 said ...
NASA to send second commercial crew to the International Space Station

NASA to send second commercial crew to the International Space Station

To learn more about the historic flight, check out the clip above or visit NASA’s website. According to NASA, “the Crew-2 mission will also be the first ...
Show next
Compsmag - Latest News from tech, business and health
Logo