American Banker Quotes CFO Dale Gibbons on Rise of Banks and Blockchains

January 07, 2022

American Banker, a leading industry information resource, talked with Western Alliance Bank CFO Dale Gibbons for a story Dec. 29, 2021, on the rise of banks and blockchains.

About the many benefits for business banking customers, including added security, Gibbons said to American Banker Technology Editor Penny Crossman, “You’ll be able to transfer funds to anyone else within the network 24 hours a day, 365 days a year, and not have to wait for the banks to be open…Funds can be made readily available to them on a Saturday.”

This conversation followed the bank’s earlier announcement it will implement a fully integrated digital banking platform for customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain.

Western Alliance Bank will launch the new platform for customers later this year.

About Us

Western Alliance Bank

With more than $50 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. The company is again #1 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2020, ranks high on the Forbes “Best Banks in America” list year after year and was named #1 Best Emerging Regional Bank per Bank Director’s 2022 RankingBanking study. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps clients realize their ambitions with teams of experienced bankers and mortgage experts who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities, including blockchain-based offerings. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide.