{"id":470701,"date":"2021-04-05T08:03:38","date_gmt":"2021-04-05T12:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470701"},"modified":"2021-04-05T08:03:38","modified_gmt":"2021-04-05T12:03:38","slug":"sterling-national-bank-signs-agreement-with-rho-technologies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-national-bank-signs-agreement-with-rho-technologies\/","title":{"rendered":"Sterling National Bank Signs Agreement with Rho Technologies"},"content":{"rendered":"<h2>\nBanking as a Service collaboration to power innovative banking products and services to growing companies<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>PEARL RIVER, N.Y., April  05, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RMgelI_nFzJtQEoXOFabiRPP2aClumnt0Bv3Zp5JgGHOXbT5WXg6rMym6NKK4rYQ9iXaUhGIy1b495kD56SK-A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Sterling National Bank<\/u><\/a>, 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\u2019s product, operational and regulatory expertise with Rho\u2019s sophisticated technology and product capabilities.<\/p>\n<p>This\u00a0collaboration marks the latest in a series of strategic partnerships and digital technology investments for Sterling &#8212; 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.<\/p>\n<p>\u201cWe 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,\u201d said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. \u201cOur 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.\u201d<\/p>\n<p>\u201cRho 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,\u201d said Everett Cook, CEO at Rho Technologies. \u201cWe look forward to working with Sterling in supporting our future product and service offerings.\u201d<\/p>\n<p>\n        <strong>About Sterling National Bank<br \/><\/strong>Sterling 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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kvRnna4R_5ceyHHtmxh_8G23b-5KyhNqMNVdYM2e1ihqJ9GcLvp-Cnw7GJ_KbrQBY4_jLbVwPCWKucWGkI6y7aJH9lOB6OVVkQX2kBw1dbwMWSWIiKRxnIx1nHto-zCdw2O0ByzsPvFAY0J1ae399JKFNHK0Ra1kzHGKDQXznbEf-496WB_yjLGMu2i3e-ok5QdiWSMlZ3iDE0jnIfVnMQT8W0uJ0EHVSwOIhGVD5b8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.snb.com<\/u><\/a>.<\/p>\n<p>\n        <strong>About Rho: <\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wNoOl-DhCy6Awm9cWqqLMu8UUECLb6BIpopl4FNptsmPjoUQzUx3mGaQcHCJ2p4H9KLK3u-klqk8uOxSKK_e_spqZUt0ZKrlPnE7L5HZ9q_EQWqSXNBYExxsFuhxy48C7DcVSgwPDZOqLTAPxDQwfZOBV4xUstgzHPcTyzPACM956wiVlropnXfOldlNDhAdRRKH38qhAOe7gC3-txIQObCku7JT_uuSeEtZ2xdeo3Sgk9SP-nF32-8RiMkk1V5bAF5vlR_EqarA0UXP9VQgKA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Rho<\/a>\u00a0Technologies 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.<\/p>\n<p>\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">Sterling National Bank<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>Two Blue Hill Plaza, Second Floor<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\n            <strong>Pearl River, NY 10965<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">T 845.369.8040<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">F 845.369.8255<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: top\">\n            <u><br \/>\n              <a href=\"http:\/\/www.sterlingbancorp.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.sterlingbancorp.com<\/a><br \/>\n            <\/u>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\n            <strong>STERLING NATIONAL BANK CONTACT:<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\n            <strong>Emlen Harmon, Senior Managing Director \u2013 Investor Relations<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\n            <strong>212.309.7646<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTQwNiM0MTA0NjE4IzIwODUwNTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2ec8d4e5-c3d0-47b2-8e01-b7eb832ab797\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banking as a Service collaboration to power innovative banking products and services to growing companies PEARL RIVER, N.Y., April 05, 2021 (GLOBE NEWSWIRE) &#8212; 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\u2019s product, operational and regulatory expertise with Rho\u2019s sophisticated technology and product capabilities. This\u00a0collaboration marks the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-national-bank-signs-agreement-with-rho-technologies\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sterling National Bank Signs Agreement with Rho Technologies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470701","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sterling National Bank Signs Agreement with Rho Technologies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sterling-national-bank-signs-agreement-with-rho-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling National Bank Signs Agreement with Rho Technologies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Banking as a Service collaboration to power innovative banking products and services to growing companies PEARL RIVER, N.Y., April 05, 2021 (GLOBE NEWSWIRE) &#8212; 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\u2019s product, operational and regulatory expertise with Rho\u2019s sophisticated technology and product capabilities. 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