BankMobile, a division of Customers Bank, and among America’s largest and fastest-growing digital banks, announced that Executive Chairman Jay Sidhu, who is also the Chairman and CEO of Customers Bancorp, will be speaking at the upcoming Paris FinTech Forum. Sidhu and Anthony Jenkins, Executive Chairman, 10x Future Technologies Group, will have a joint session entitled, “Is technology the future of financial services?” which will take place on January 28, 2020 at 2:30pm CET. Sidhu will also participate in the “Ask me anything sessions with Fintech CEOs,” which will be moderated by Feliz Hass, Chair of Bits & Pretzels, and Johan Lorenzen, Serial Fintech Entrepreneur, at 4pm CET. The Paris FinTech Forum is a two-day conference that brings together CEOs and executives from banks, insurance companies, regulators and fintech companies from all over the world to discuss the latest advancements in the industry.
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“I am excited to return to the Paris FinTech Forum for the second year in a row and discuss why I think technology is transforming the financial services industry,” stated Sidhu. “Customers Bancorp has invested in BankMobile heavily over the past five years in order to build a transparent, simple and financially-empowering bank. We are particularly committed to developing the best-in-class technology infrastructure, with over 40% of BankMobile’s employees focused on technology development and user experience design. We think technology is changing the way the industry operates and will continue to do so. I look forward to sharing my insights with the audience about the importance of this digital disruption.”
During his sessions, Sidhu will discuss how he cofounded BankMobile five years, its focus on using technology to innovate and technology’s impact on the industry. Launched in January 2015, BankMobile’s mission is to provide a mobile-first bank that is fully compliant, simple, affordable and financially empowering. Over the past five years, BankMobile has grown to be in the Top 15 banks in the US in terms of number of consumer checking accounts serviced.
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Named “Most Innovative Bank” by LendIt in 2019, BankMobile has also developed its own proprietary technology meant to attract and engage customers for full-service consumer banking with a focus on exceptional customer experience. The bank also has a disruptive, multi-partner distribution model, known as “Banking-as-a-Service” (BaaS). Today, BankMobile provides its BaaS platform to colleges and universities through BankMobile Disbursements, which serves more than five million students on nearly 800 campuses nationwide. Through this distribution channel, BankMobile serves one in every three college students in the country.
BankMobile also recently announced it will offer a two-day paycheck advance, a savings account with a rate that is equal or higher than that offered by Marcus, Ally and Capital One 360, and a team of personal bankers for every direct deposit customer. All three enhancements will be rolled out in the first quarter of 2020.
Sidhu will also be discussing BankMobile’s latest developments during his sessions at the Paris Fintech Forum. The forum is taking place on January 28-29, 2020 at Palais Brongniart in Paris.
