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Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) today announced that it is working with Google to offer digital checking and savings accounts through the Google Pay platform. As part of Sterling’s Banking as a Service (BaaS) program, this collaboration with Google Pay marks the latest in a series of strategic partnerships and digital technology investments that will drive growth through access to new segments, contemporary value propositions and a highly efficient delivery model.
Customers will be able to leverage a fully digital experience to seamlessly open bank accounts at Sterling via the Google Pay app. Google’s smart platform will help to empower clients’ financial decision-making with personalized insights and a simplified user experience.
“Over the last few years Sterling has executed on a series of trans-formative technology initiatives that have positioned us to both expand and innovate for our clients. Our work with Google represents an important expansion to our portfolio of partnerships with leading technology companies that will enable us to accelerate our growth and enhance our digital solutions,” said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. “This collaboration expands our organization-wide digital transformation, enables us to continue to offer superior client experiences, and reinforces our commitment to delivering innovative solutions to the marketplace.”