BankMobile’s Co-Founder Luvleen Sidhu Named a Finalist in the Fintech Woman of the Year Category in the Third Annual LendIt Fintech Industry Awards Competition
NEW YORK, March 14, 2019 (GLOBE NEWSWIRE) — BankMobile, a division of Customers Bank, and America’s largest and fastest-growing mobile-first bank, today announced that LendIt Fintech, the world’s leading event in financial services innovation, has selected Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer, as a finalist in the Fintech Woman of the Year category and BankMobile as a finalist in the Most Innovative Bank category for the LendIt Fintech Industry Awards. The Fintech Woman of the Year award is given to “the senior executive who has demonstrated outstanding leadership, integrity, performance and team-building within her company, while at the same time contributing to advancement of the industry.” The Most Innovative Bank award will recognize “the bank that is leading the way in embracing fintech and new means of doing business.”
“Being a finalist in the LendIt Fintech Industry Awards is truly exciting and I congratulate the finalists in all categories, as we are each striving to make positive changes in financial services,” stated Sidhu. “At BankMobile, we are focused on financial empowerment and creating a customer-centric bank that offers innovative money management tips and tools, while creating a seamless, secure and enjoyable banking experience.”
The third annual LendIt Fintech Industry Awards dinner will take place at the Julia Morgan Ballroom in San Francisco on April 9, 2019. Four hundred leaders, innovators and influencers in fintech will gather at the event and winners across 21 categories will be announced.
With 1.8 million customers, BankMobile is in the Top 15 banks in the U.S. in terms of number of consumer checking accounts serviced. BankMobile Disbursements serves more than five million students on nearly 800 campuses nationwide. The bank also provides refund management services to one in every three college students in the country.
Established in 2015, BankMobile is a division of Customers Bank and America’s largest and fastest growing mobile-first bank offering checking and savings accounts and credit products. BankMobile provides an alternative banking experience to the traditional model and is focused on technology, innovation, easy-to-use products and education with the mission of being “customer-obsessed” and creating “customers for life.” The disruptive, multi-partner distribution model, known as “Bank-as-a-Service,” created by the executive team enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. Today, BankMobile provides its “Bank-as-a-Service” platform to colleges and universities and currently serves nearly two million account-holders at nearly 800 campuses (covering one out of every three students in the U.S.). BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit: www.bankmobile.com.
About Customers Bancorp, Inc. and Customers Bank
Customers Bank is a super-community bank with almost $10 billion in assets, offering commercial and consumer banking services along the I-95 corridor from Washington, DC to Boston; and in Chicago. Commercial products include cash management; commercial and industrial loans; small business loans; SBA government-guaranteed loans; commercial and multi-family real estate loans; and financing for leasing businesses and residential developers.
Customers Bank provides consumer banking services including savings, checking, and money market accounts; certificates of deposit; residential mortgages; and consumer loans. Additional consumer products are marketed as BankMobile, BankMobile Vibe, and Ascent. Customers Bank is a member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation. Customers Bank is an equal opportunity lender. Customers Bank takes pride in delivering extremely high levels of customer service while charging comparatively very low fees; service that makes our clients say, ”Wow.” Commercial clients enjoy Single Point of Contact service with one team to handle all banking needs. Some retail bank clients are afforded Concierge Banking® Services that brings banking to them, when and where they need it.
Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company with its headquarters located in Phoenixville, Pennsylvania. The voting common shares of Customers Bancorp, Inc. are listed on the New York Stock Exchange under the symbol CUBI.
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