New York, NY, Nov. 07, 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 ASEAN EXEC-IT 2018 conference. Sidhu’s presentation, “Disrupting Banking Through the Use of Technology,” will take place on November 15, 2018 at 9am SGT at Hotel Fort Canning in Singapore.
“I am excited to speak at a conference with several other international tech and fintech visionaries,” stated Sidhu. “BankMobile launched nearly four years ago and since then, we have been focused on creating a bank that helps millennial and low- to middle-income Americans build a strong financial foundation through education and an easy-to-use and affordable banking experience. I look forward to sharing with the audience the ways in which technology has enabled us to really develop the bank of the future.”
During her keynote, Sidhu will focus on how she is changing the banking industry through the launch of BankMobile, which she cofounded with her father Jay Sidhu in January 2015. BankMobile’s mission is to create a financially-empowering, simple and affordable banking experience all through a smartphone or tablet device. Sidhu will discuss the innovative ways in which she uses technology and offer advice for others looking to build a more digitally-advanced company.
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.
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.
Themed around “Disruption for Digital Differentiation,” ASEAN EXEC-IT 2018 is a two-day highly-interactive and enthralling event aimed to rethink, revamp, realign technological experiments and execute digital initiatives to drive meaningful outcomes for an all-out business value. The conference will take place November 15-16, 2018.
# # #
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!
Attachment