How Quontic Bank adapts to crypto, remote work and wearable tech
Quontic, a bank headquartered in New York City, describes itself as an "adaptive digital bank". Since CEO Steven Schnall bought the former Golden First Bank in 2009, the The entrepreneur and former mortgage banker designed the bank to reflect his vision. "Part of the thesis when I bought the bank was that the retail bank branches would eventually die out and people, especially consumers, would want to do online banking," he said. Because of this belief, Schnall did not build any new branches after the purchase other than the stationary location he established in Queens Astoria when he relocated the bank's headquarters from Great Neck, New York. The bank, a certified community development financial institution (CDFI), began with an emphasis on unskilled mortgage loans, Schnall said. Steven Schnall, CEO of Quontic Bank Permission granted by Quontic Bank "During the credit crunch, most banks and lenders had severe