Luvleen Sidhu, Co-Founder of BankMobile, to Speak at LendIt Fintech USA 2019 in San Francisco

Sidhu Also Named a Finalist in the Fintech Woman of the Year Category in the Third Annual LendIt Fintech Industry Awards Competition; BankMobile Selected as a Finalist in the Most Innovative Bank Category

New York, New York, UNITED STATES


New York, NY, April 03, 2019 (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 LendIt Fintech USA 2019. Sidhu’s fireside chat, “The Future of White Label Banking” will take place on April 8, 2019 at 2:50pm PDT.

LendIt Fintech has also selected Sidhu 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.

“I am excited to be speaking at the upcoming LendIt Fintech USA 2019 conference with other leaders and innovators in the field of fintech,” stated Sidhu. “White label banking is a fundamental component of our business strategy, having launched our innovative “Bank as a Service” model in 2016. I look forward to discussing this concept in the fireside chat and hope attendees will gain a better understanding of its importance and relevancy in today’s market.”

The LendIt Fintech USA 2019 conference is one of the world’s leading events in financial services innovation, fintech, digital banking, blockchain and lending. It will take place on April 8-9, 2019 at Moscone West in San Francisco. The 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.

For more information about BankMobile, visit www.bankmobile.com.

 

# # #

 

 

 

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 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 Bank
Customers Bank is a super-community bank with $9.8 billion in assets as of December 31, 2018, 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 by 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.

 

Attachment


        
Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer, BankMobile

Contact Data