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.

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Western Alliance Bank

With more than $65 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored solutions and outstanding service delivered by banking and mortgage experts who put customers first. Major accolades include being ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands and has offices in key markets nationwide.