New York, NY, Dec. 05, 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 giving one of the keynote talks at the Chief Strategy Officer Summit in New York City. Sidhu’s presentation, “An Entrepreneur’s Lessons from Launching the Fastest-Growing Mobile-First Bank,” will take place on December 6, 2018 at 12pm EST at Convene at 237 Park. Sidhu will also participate in a panel discussion at 2pm EST entitled, “Art & Science of Strategy Execution.”
“The Chief Strategy Officer Summit is a leading conference on planning and strategy and I am excited to be presenting again this year,” stated Sidhu. “At BankMobile, we are executing on a vision to disrupt the banking industry with the use of technology and make the customer say ‘wow’ through our customer-centric approach. I look forward to speaking about how we created and implemented this successful strategy.”
During her keynote, Sidhu will discuss how BankMobile transformed from a simple idea in 2014 to the largest and fastest-growing mobile bank in the country. Her presentation will focus on how BankMobile utilizes the latest technology to create the ultimate banking experience, the importance of a strong mission and the B2B2C strategy she created. Sidhu’s panel discussion will then focus on the latest tools and insights on bringing strategic plans to fruition.
With 1.8 million customers, BankMobile in the Top 15 banks in the U.S. in terms of number of consumer checking accounts serviced. The bank’s disbursements business, BankMobile Disbursements, serves more than five million students on nearly 800 campuses nationwide. BankMobile recently 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.
The 2018 Chief Strategy Officer Summit in New York City brings together a cross-industry lineup of today's leading strategy executives to share best practices, inspire collaboration and learn how to thrive in uncertain times.
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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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