Dime Announces Upgrades to Technology Platform
Dime Community Bancshares (NASDAQ: DCOM) announced significant upgrades to its technology platform, including a new escrow management platform and enhanced digital banking capabilities. The rollout is expected to begin in early June. The company has also added several deposit gathering Groups over the past month, capitalizing on recent market disruption.
CEO Kevin O'Connor stated that these upgrades will enhance their ability to attract new commercial customers and drive long-term deposit base growth. The improvements coincide with the buildout of their Private Banking Groups and are expected to accelerate their suite of offerings. Dime reported a low level of non-insured deposits at 28.6% as of April 30th, 2023, and anticipates onboarding more deposit-focused Groups in the coming months.
Dime Community Bancshares (NASDAQ: DCOM) ha annunciato importanti aggiornamenti alla sua piattaforma tecnologica, inclusa una nuova piattaforma di gestione degli escrow e migliorate capacità di banking digitale. Il lancio è previsto per inizio giugno. L'azienda ha anche aggiunto diversi gruppi di raccolta depositi nell'ultimo mese, sfruttando le recenti perturbazioni del mercato.
Il CEO Kevin O'Connor ha dichiarato che questi aggiornamenti miglioreranno la loro capacità di attrarre nuovi clienti commerciali e stimolare la crescita della base di depositi a lungo termine. I miglioramenti coincidono con lo sviluppo dei loro Gruppi di Banking Privato e dovrebbero accelerare la loro offerta di servizi. Dime ha riportato un basso livello di depositi non assicurati del 28,6% al 30 aprile 2023 e prevede di integrare più gruppi focalizzati sui depositi nei prossimi mesi.
Dime Community Bancshares (NASDAQ: DCOM) anunció importantes actualizaciones en su plataforma tecnológica, incluyendo una nueva plataforma de gestión de escrow y capacidades de banca digital mejoradas. Se espera que el lanzamiento comience a principios de junio. La compañía también ha agregado varios grupos de captación de depósitos en el último mes, aprovechando la reciente disrupción en el mercado.
El CEO Kevin O'Connor declaró que estas actualizaciones mejorarán su capacidad para atraer nuevos clientes comerciales y fomentar el crecimiento a largo plazo de la base de depósitos. Las mejoras coinciden con la expansión de sus Grupos de Banca Privada y se espera que aceleren su oferta de servicios. Dime reportó un bajo nivel de depósitos no asegurados del 28.6% a partir del 30 de abril de 2023, y anticipa integrar más grupos enfocados en depósitos en los próximos meses.
Dime Community Bancshares (NASDAQ: DCOM)는 새로운 에스크로 관리 플랫폼과 향상된 디지털 뱅킹 기능을 포함하여 기술 플랫폼에 대한 중요한 업그레이드를 발표했습니다. 출시가 6월 초에 시작될 예정입니다. 회사는 지난 달에 여러 예금 수집 그룹을 추가했습니다, 최근 시장의 혼란을 활용하고 있습니다.
CEO Kevin O'Connor는 이러한 업그레이드가 새로운 상업 고객을 유치하고 장기적으로 예금 기반 성장을 촉진하는 데 도움이 될 것이라고 밝혔습니다. 이 개선은 사모은행 그룹의 구축과 일치하며 제공 서비스의 가속화를 기대하고 있습니다. Dime은 2023년 4월 30일 기준으로 보험이 없는 예금의 낮은 수준인 28.6%를 보고했으며, 향후 몇 달 안에 더 많은 예금 중심 그룹을 통합할 것으로 예상하고 있습니다.
Dime Community Bancshares (NASDAQ: DCOM) a annoncé des améliorations significatives de sa plateforme technologique, y compris une nouvelle plateforme de gestion des dépôts fiduciaires et des capacités bancaires numériques améliorées. Le déploiement est prévu pour début juin. La société a également ajouté plusieurs groupes de collecte de dépôts au cours du mois dernier, tirant parti des récentes perturbations du marché.
Le PDG Kevin O'Connor a déclaré que ces améliorations renforceront leur capacité à attirer de nouveaux clients commerciaux et à stimuler la croissance de leur base de dépôts à long terme. Les améliorations coïncident avec le développement de leurs Groupes de Banque Privée et devraient accélérer leur gamme de services. Dime a signalé un faible niveau de dépôts non assurés de 28,6% au 30 avril 2023 et prévoit d'intégrer davantage de groupes axés sur les dépôts dans les mois à venir.
Dime Community Bancshares (NASDAQ: DCOM) hat bedeutende Verbesserungen an seiner Technologieplattform angekündigt, einschließlich einer neuen Escrow-Management-Plattform und verbesserten digitalen Bankdienstleistungen. Der Rollout soll Anfang Juni beginnen. Das Unternehmen hat auch mehrere Einlagensammelgruppen hinzugefügt, um von den jüngsten Marktverwerfungen zu profitieren.
CEO Kevin O'Connor erklärte, dass diese Verbesserungen ihre Fähigkeit erhöhen werden, neue Geschäftskunden zu gewinnen und das langfristige Wachstum der Einlagenbasis voranzutreiben. Die Verbesserungen fallen mit dem Ausbau ihrer Private Banking-Gruppen zusammen und sollen ihre Angebotspalette beschleunigen. Dime berichtete zum 30. April 2023 von einem geringen Niveau nicht versicherter Einlagen von 28,6% und erwartet, in den kommenden Monaten weitere einlagenfokussierte Gruppen einzugliedern.
- Upgrading technology platform with new escrow management and enhanced digital banking capabilities
- Successfully added several deposit gathering Groups over the past month
- Low level of non-insured deposits at 28.6% as of April 30th, 2023
- Strong pipeline of new Group hires focused on deposit gathering
- None.
HAUPPAUGE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today a number of upgrades to its technology platform, including a move to a brand-new escrow management platform as well as enhanced digital banking capabilities. Dime expects to roll out these new capabilities starting in early June.
Dime also successfully added several deposit gathering Groups over the past month and continues to capitalize on recent disruption in its marketplace.
Kevin O’ Connor, Chief Executive Officer of the Company, stated, “We are pleased to announce significant upgrades to our technology stack. These new additions will enhance our ability to attract new commercial customers and help drive the long-term growth of our deposit base. Our bank-wide technology capabilities were instrumental in our hiring of four seasoned deposit gathering Groups over the past month. The enhancements announced today coincide with the buildout of our Private Banking Groups and will only further accelerate our suite of offerings. In addition to maintaining a low level of non-insured deposits (excluding deposits with pass-through insurance and collateralized deposits) of only
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over
Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
____________________
(1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
FAQ
What technology upgrades did Dime Community Bancshares (DCOM) announce?
How will the technology upgrades benefit Dime Community Bancshares (DCOM)?
What is Dime Community Bancshares' (DCOM) strategy for deposit growth?
What was Dime Community Bancshares' (DCOM) level of non-insured deposits as of April 30th, 2023?
