Established in 2015, Bankmobile has been able to achieve significant milestones since its inception, which includes the launch of its BankMobilist College Program across 70 campuses nationwide, the launch of BMpowered Radio featuring two weekly podcasts, and the creation of BankMobile Foundation.
The online banking platform is America’s fastest growing mobile-first bank and digital division of Customers Bank, which has eminent entrepreneurs like Bhanu Choudhrie amongst the board of directors. It was recently honored with Bronze award in digital distribution category by Efma and Accenture at their fourth annual Global Distribution & Marketing Innovation Awards ceremony held at the Hilton Barcelona hotel.
More than 200 financial institutions from 61 countries submitted over 460 case studies of innovations within 10 categories that included Customer Experience; Digital Marketing; Physical Distribution; Digital Distribution; Payments and Wallets; Salesforce Change Management; Big Data, Analytics and AI; Best New Service or Product; Global Innovator; and Most Disruptive Innovation.
“We are delighted to have received the Bronze Digital Distribution award from Efma and Accenture and congratulate our fellow winners. This international recognition of BankMobile as an innovator proves that we are truly disrupting the industry and serve as a model to other banking disruptors worldwide. We have grown tremendously since we launched in January 2015 and look forward to using our mobile-first approach to continue to be one of the most disruptive players in the banking space.” stated Luvleen Sidhu, Co-Founder and Chief Strategy Officer of BankMobile.
Listed amongst the top 25 banks in the country in terms of number of consumer checking accounts serviced, Bankmobile currently has two million depositors serviced. The virtual bank will be soon generating 50,000 new student checking accounts each year, making it the fastest growing digital bank in the country.