Valley reinvents banking thanks to digital technology | Business


NEW YORK – (BUSINESS WIRE) – July 7, 2021–

Valley Bank (NASDAQ: VLY), one of the largest regional banks in the United States, is leveraging digital technology to reinvent banking, creating the vision and roadmap to deliver differentiated products and services with speed and agility. With a national charter, digital services allow Valley to reach markets beyond its current footprint in New York, New Jersey, Florida and Alabama.

“Valley takes digital disruption seriously and embraces it through new products, services and partnerships,” said Ira Robbins, President and CEO. “Banks need to go beyond physical branches and embrace the entire ecosystem. By investing and working with fintechs and other digital service companies, we deliver best-in-class products to our clients, while maintaining our core value of being a relationship bank.

The bank recently launched its Valley Direct online banking, launching a high-yield savings account available to any US resident aged 18 or older. With a fully digital application on desktop and mobile, customers can create an account in less than three minutes.

“Valley Bank is on a transformation path to deliver its best financial services nationwide,” said Stuart Cook, director of digital products. “We are the right size bank, with the right thinking and we will have a disproportionate impact. “

To implement this digital vision, Valley is expanding with professionals who bring extensive expertise in technology and financial services. Recently, Chris Craver joined the group as Senior Vice President, Head of Digital Products and Walt Cox joined the Group as Senior Vice President, Chief Digital Officer.

Craver leads the product team at the intersection of business, technology and user experience. He will focus on accelerating Valley’s capabilities through the development and enhancement of digital products and experiences. His 25-year career includes product and technology leadership roles at startups and large corporations including Genentech, Varo Bank, Monitise, IBM, and M&T Bank.

Cox joins Valley after serving as Director of Business Development and Payments Strategy at Moov Financial. At Valley, he is responsible for the design and creation of payment products for consumers and businesses to generate meaningful payment experiences for the bank and its customers. Cox brings more than 10 years of product management and business development experience to Valley, working for financial services and fintech companies including Rapyd, Redwood Credit Union, FIS and Insight Methods.

About the valley

As the main subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $ 41 billion in assets. Valley is committed to empowering people and businesses to succeed. Valley operates many convenient branches in New Jersey, New York, Florida, and Alabama, and is committed to providing the most convenient service, the latest innovations, and an experienced and knowledgeable team dedicated to serving customer needs. Helping communities grow and prosper is at the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, visit www.valley.com or call our Customer Service Center at 800-522-4100.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210707005073/en/

CONTACT: Pam Golden

[email protected]

973-564-8591

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY FINANCE NETWORKS INTERNET BANKING

SOURCE: Bank of the Valley

Copyright Business Wire 2021.

PUB: 07/07/2021 09h00 / DISC: 07/07/2021 09:01

http://www.businesswire.com/news/home/20210707005073/en

Copyright Business Wire 2021.


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