Valley National Bancorp Uses Fintech Partnerships as a Core Strategy

Valley National Bancorp’s new CEO Ira Robbins has helped to transform the bank in his year on the job by becoming more efficient, striking fintech partnerships and adding employee perks; Valley has looked closely at their branches and shut underperforming locations, partnered with fintechs to solve core customer pains and adjusting its focus to commercial clients with $20 million to $150 million in annual revenue; Robbins sat down with American Banker to discuss the bank’s changes and the future; the interview covered the change in internal culture, their increase in technology spend and more. Source.