The student focused digital bank, BankMobile, has created an online magazine entitled Paradigm Money; the effort is an attempt by the bank to build brand awareness and help current customers manage their money; the site has news, opinion, interviews and advice for customers; Ash Exantus, BankMobile’s director of financial education, tells TearSheet “We wanted to create a site that was independent from the bank that’s not promoting our products or services, but as a place other people can go for financial news and financial literacy.” Source.
Since launching BankMobile as a digital only bank in 2015 Customers Bancorp has seen the venture have some success but not yet reach profitability; after a deal with Flagship Community Bank for BankMobile fell through they are now looking to spin the business off; American Banker interviewed Luvleen Sidhu, BankMobiles’ President, about the spinoff deal and the future of the firm; topics discussed include why they chose a spinoff strategy, the future of the leadership, profitability and potential future ventures. Source.
Google will offer a full suite of mobile banking services through new partnerships announced today with eight US-based banks; this...
[Editor’s note: This is a guest post from Mark Lusky of Mark Lusky Communications, a writing and marketing communications firm, operating since 1982....
T-Mobile recently announced a partnership with BankMobile to offer mobile money accounts to serve the underbanked population in the U.S.;...
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Digital bank BankMobile has partnered with LendKey to launch a new student loan refinancing program; LendKey is a lending-as-a-service platform...
Luvleen Sidhu is the CEO and Chairman of BM Technologies, a public company that has built a digital banking platform for niche markets and a unique banking-as-a-service business
Here are the most read news stories from our daily newsletter today: Deadline for the Global Covid-19 Fintech Survey is...
Writing a piece for Crowdfund Insider BankMobile’s Co-Founder, President and Chief Strategy Officer Luvleen Sidhu talks through the current banking makeover; new technologies like artificial intelligence and blockchain are becoming more prevalent; competition in the digital banking space is beginning to increase as banks look to close branches and move more focus online; banks are currently upgrading their cybersecurity defenses in the wake of the recent Equifax breach; these changes and more are happening now as banks better understand their customers and look to become more efficient. Source.