New York, NY, Sept. 21, 2018 (GLOBE NEWSWIRE) -- BankMobile, a division of Customers Bank, and America’s largest and fastest growing mobile-first bank, today announced that Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer, will be speaking at the upcoming FinovateFall conference. Sidhu’s panel discussion, “Digital Transformation,” will take place on September 26, 2018 at 11:45am EDT at the Marriott Marquis Times Square in New York.

“FinovateFall is one of the largest, most well-established conferences in the fintech industry and I am delighted to have the opportunity to speak at the event,” stated Sidhu. “BankMobile has been a leader in the digital space since our launch in 2015 and I look forward to discussing our innovative, technology-based approach to building the largest mobile-first bank in the country.”

The “Digital Transformations” panel will focus on AI based systems, workflow automation in banking, data based intelligence on consumer transactions, seamless systems, customer satisfaction and much more.

BankMobile recently launched Vibe Up, a full-service, FDIC-insured checking account designed to grow with everyone through college and beyond. Additionally, the bank announced it has saved college and university students over $100 million* in banking fees since July 2016 versus had they deposited their funds into traditional checking accounts. The bank also provides refund management services to one in every three college students in the country.

With 1.8 million customers, BankMobile is the largest and fastest growing mobile-first bank in the country. It is also in the Top 15 banks in the U.S. in terms of number of consumer checking accounts serviced.

FinovateFall showcases cutting-edge banking and financial technology through short-form demos and key insights from visionary keynote speakers and power panelists. There will be over 1,500 senior fintech attendees, over 80 fintech innovators demoing and over 270 financial institutions represented. The conference will take place September 24-26, 2018.

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About BankMobile
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 personal loans. 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.

*According to the CFPB (Consumer Financial Protection Bureau), the average annual cost of a traditional checking account is more than $118 per year. The average annual cost of owning a BankMobile Vibe account is less than $34 per year, for an average annual savings of more than $84 per student per year!

 

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Kati Bergou
BankMobile
2128053014
kbergou@rubensteinpr.com