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 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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