Member Exclusive, New banks

‘Culture is the fabric of resilience’: How Quontic Bank’s core values helped it navigate through the pandemic

  • Quontic Bank is a $400 million bank based in New York.
  • The firm's CIO Patrick Sells describes how culture helped the firm navigate through the uncertainty of the pandemic.
Michael Deleon | August 25, 2020
close

Email a Friend

‘Culture is the fabric of resilience’: How Quontic Bank’s core values helped it navigate through the pandemic

Patrick Sells didn’t come up the ranks in community banking. As the CIO of $400 million Quontic Bank, he had started his own digital marketing firm in college. Unsuccessful in wooing banking clients, it’s now that he realizes why he wasn’t able to land financial services firms.

“I never did work for a bank because I didn’t understand all the regulations and what it means to be a bank,” he said at Tearsheet’s inaugural Resilience Conference.

 

This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account

0 comments on “‘Culture is the fabric of resilience’: How Quontic Bank’s core values helped it navigate through the pandemic”

Outlier OpinionsMakers

“Quontic Bank and Patrick Sells show us a great example of how strong cultures need to be adaptive in real life. Some new work from Jenny Chatman and Francesca Gino in HBR show that these types of companies can earn 15% more in revenue vs. peers who are less adaptable. This is great news for the disruptive fintech industry, well suited to quick pivots. ”

Jennifer Tramontana

President, Fletcher Group LLC
New banks

Lili expands its account options as it goes after more experienced freelancers

  • The demand for freelancer banking may be heating up.
  • Freelancer focused challenger bank Lili is stepping up its game with its launch of Lili Pro.
Rivka Abramson | August 03, 2021
New banks

Cheat Sheet: Google to launch virtual Google Pay card

  • Google Pay users will be able to spend their balances using a virtual card.
  • In addition to Google's plans to launch bank accounts, this move solidifies Google as an important player in digital finance.
Zachary Miller | July 29, 2021
New banks

Acorns automatically jacks-up fees on subscribers paying $1 per month

  • Acorns is approaching going public via a SPAC.
  • The firm recently told customers in its lowest subscription tier that it was raising their fees by 3x.
Zachary Miller | July 28, 2021
New banks

Midwest BankCentre shows how community banks can compete with new players

  • Midwest BankCentre launched Rising Bank to grow its deposits by $200 million in two years.
  • Embedded finance is expected to generate about $230 billion in revenue over the next five years.
Shehzil Zahid | July 21, 2021
New banks

Remitly targets U.S. immigrants with new banking features in its Passbook app

  • Remitly has launched several new digital banking features in its Passbook app.
  • Features include early access to pay, instant P2P payments, and immediate Visa debit card access.
Ismail Umar | July 12, 2021
More Articles