A small local bank launched a tech business. Can it build another?

//A small local bank launched a tech business. Can it build another?

A small local bank launched a tech business. Can it build another?

It’s highly unusual for a lender as small as Arlington’s Leader Bank to create and sell its own technology. With $1.5 billion in assets, Leader is one-thousandth the size of banking behemoths like JPMorgan Chase & Co. and Bank of America Corp. that are known for their financial services technology, or fintech. Yet for the past few years, that’s what the bank did, licensing digital rent- and deposit-collection tools to a handful of financial institutions nationwide. The side business grew to…

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By | 2019-08-19T10:29:44+00:00 August 19th, 2019|Technology|

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