Customers Bank lends support to Safe Haven Project by securing a grant worth $650,000

Customers Bank recently announced the news they have secured a 650,000 Affordable Housing Program (AHP) grant for Safe Haven sponsored by Hope Rescue Mission, an affordable housing development in Reading. This grant has been sanctioned from the Federal Home Loan Bank (FHLBank) of Pittsburgh.

Based in Wyomissing, Pennsylvania, Customers Bank is a bank subsidiary of Customers Bancorp Inc and has business leaders like Bhanu Choudhrie amongst its board of members. It is a community based service bank, renowned for providing proficient and user-friendly services to its customers.

“Customers Bank is pleased to build up our partnership with Hope Rescue Mission and support the vision of Rob and his team,” said Richard Ehst, President and COO of Customers Bank. “This is a critical project and we appreciate the support of our partners at the FHLB of Pittsburgh in approving our application for this investment in the Berks County community.”

Established in 1894, Hope Rescue Mission has helped numerous economically backward people by offering its efficient residential programs. The aim of these residential programs is to make them productive and independent enough to lead their own life. By supporting Hope Rescue Mission, Safe Haven Project will be providing 117 affordable housing units and shelters to low income residents.

“Homelessness is a problem that affects the entire community,” said Rob Turchi, Executive Director of Hope Rescue Mission. “Partners like Customers Bank help us provide critical programs and services to help homeless individuals find housing, employment and the help they need to get back on their feet. This is how we build thriving communities.”

Under this humanitarian project the first three floors of a building currently housing the Hope Rescue Mission located on North 6th Street in Reading, Pa will be rebuilt. Besides the economic aid, spiritual and emotional support will also be provided so that residents can lead their life in a right direction.

Providing food, clothing, and shelter to almost 70 men on the daily basis, Safe Haven Project has showcased exemplary work. The project also provides social services and programs to low-income residents.

Customers Bank Supports Safe Haven Project in Reading by Securing a Grant Worth $650,000

Customers Bank, a subsidiary of Customers Bancorp, Inc. recently announced the news of securing $650,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank (FHLBank) for Safe Haven Project. This project entails AN affordable housing development in Reading sponsored by Hope Rescue Mission.

Customers Bank is a member of Federal Reserve System and has renowned entrepreneurs like Bhanu Choudhrie among its board of directors. Based in Wyomissing, Pennsylvania, it has deposits insured by Federal Deposit Insurance Corporation.

The Safe Haven project supported by Customers Bank aims to rehabilitate the first three floors of a building currently housing the Hope Rescue Mission located on North 6th Street in Reading, Pa. This project will specifically help very low-income residents, which also includes the long-term residents in a recovery program.  The bank was able to secure the grants in 2016 through the FHLBank of Pittsburgh, one of 11 FHLBanks nationwide, on behalf of Hope Rescue Mission.

“Homelessness is a problem that affects the entire community,” said Rob Turchi, Executive Director of Hope Rescue Mission. “Partners like Customers Bank help us provide critical programs and services to help homeless individuals find housing, employment and the help they need to get back on their feet. This is how we build thriving communities.”

The Safe Haven Project at the moment ensures providing food, shelter, and clothing to over 70 men. The facilities provided by this social endeavour also include lab, gym, shower, and social services program.

Talking about the grant, Richard Ehst, President and COO Customers Bank expressed, “Customers Bank is pleased to build up our partnership with Hope Rescue Mission and support the vision of Rob and his team. This is a critical project and we appreciate the support of our partners at the FHLB of Pittsburgh in approving our application for this investment in the Berks County community.”

BankMobile and Danal Team Up to Enhance Mobile Security

Danal Inc., a global leader in mobile identity and authentication solutions recently announced that BankMobile is all set to utilise their mobile identity solution. This will help by strengthening its mobile banking product value in the marketplace.

Since its inception in 2015, BankMobile has always focused on providing convenience and security to its customers. The virtual banking platform is a digital division of Customers Bank, which has renowned business leaders like Bhanu Choudhrie amongst its board of directors.

Bhanu Choudhrie

“There is a natural synergy between Danal’s solution and BankMobile,” said Dan Armstrong, Chief Digital Officer at BankMobile. “BankMobile’s vision of providing an experience that is user-friendly and secured is in line with Danal’s technology that works behind the scene to secure online transactions without disrupting the consumer experience.”

Over the period of time, the company has built a niche in offering unmatched features on its mobile banking app. Danal’s real-time mobile network data has helped in providing a comprehensive set of capabilities that authenticate and validate a consumer’s mobile device and its owner.

Danal’s mobile identity and authentication services are impactful and include real-time access to mobile operator’s network and subscriber data. The services are much more impactful than traditional management solution.

With its real-time access to mobile network data, Danal is in a unique position to provide the most authentic and definitive solutions for mobile identification, authentication and TCPA compliance. It also offers other consent-driven consumer convenience services, such as auto form-filling for account origination and simple m-Commerce guest checkout on input-constrained mobile screens.

Jim Greenwell, CEO of Danal Inc., said, “With Danal’s mobile identity solution, Banks and Enterprises can now confidently identify and verify wireless carrier accounts — including matching of name and address on file — directly with the mobile operators who service those accounts. We are excited to work with a visionary company like BankMobile that is building next generation banking solutions and enhance their mobile banking products”.

BankMobile Teams Up with Danal to Enhance Mobile Security

BankMobile is teaming up with Danal, Inc., a global leader in mobile identity and authentication solutions for providing enhanced customer experience. The online banking platform is a digital division of Customers Bank, which has eminent business leaders like Bhanu Choudhrie amongst the board of directors. It is currently America’s largest mobile-first bank and has been able to achieve significant milestones since its inception in 2015, which includes offering fee-free checking and savings account.

BankMobile is all set to utilize Danal’s Mobile Identity solution making its mobile banking apps more secure for customer usage. The company has built a niche in offering unique features to its mobile banking app for seamless customer experience. Danal’s real-time mobile network data is a valuable resource that can help BankMobile in providing a comprehensive set of capabilities that helps in authenticating and validating a mobile device and its owner.

Bhanu Choudhrie

“There is a natural synergy between Danal’s solution and BankMobile,” said Dan Armstrong, Chief Digital Officer at BankMobile. “BankMobile’s vision of providing an experience that is user-friendly and secured is in line with Danal’s technology that works behind the scene to secure online transactions without disrupting the consumer experience.”

Danal provides impactful mobile identity and authentication services that are far more superior than traditional management solutions. These services also include real-time access to the mobile operator’s network and subscriber data.

Danal provides the most authentic and definitive solutions for mobile identification, authentication, and TCPA compliance. Additionally, Danal also offers other consent-driven consumer convenience services such as auto form-filling for account origination and simple m-Commerce guest checkout on input-constrained mobile screens.

Jim Greenwell, CEO of Danal Inc., said, “With Danal’s mobile identity solution, Banks and Enterprises can now confidently identify and verify wireless carrier accounts — including matching of name and address on file — directly with the mobile operators who service those accounts. We are excited to work with a visionary company like BankMobile that is building next generation banking solutions and enhance their mobile banking products”.

BankMobile takes help from Danal to enhance mobile security

Established in 2015, BankMobile has achieved significant milestones since its inception. Recently the company collaborated with Danal, Inc., a global leader in mobile identity and authentication solutions to offer better security standards to its customers. BankMobile will be utilizing Danal’s Mobile Identity solution, which will strengthen its mobile banking products by making them even more secure to use.

Danal’s mobile identity and authentication services are impactful and have proven far more effective than traditional fraud management solutions. The services include real-time access to the mobile operator’s network and subscriber data.

Bhanu Choudhrie

“There is a natural synergy between Danal’s solution and BankMobile,” said Dan Armstrong, Chief Digital Officer at BankMobile. “BankMobile’s vision of providing an experience that is user friendly and secured is in line with Danal’s technology that works behind the scene to secure online transactions without disrupting the consumer experience.”

This partnership will reinforce Danal’s position as the leader of solutions provider for fraud and compliance to the Financial Services vertical.

Greenwell, CEO of Danal Inc., said, “With Danal’s mobile identity solution, Banks and Enterprises can now confidently identify and verify wireless carrier accounts — including matching of name and address on file — directly with the mobile operators who service those accounts. We are excited to work with a visionary company like BankMobile that is building next generation banking solutions and enhance their mobile banking products”

BankMobile, a digital division of Customers Bank, which has eminent entrepreneurs like Bhanu Choudhrie amongst its board of directors, has always aimed to provide seamless and secure customer experience to its target audience. By this collaboration it has once again established itself as a disruptive technology in the domain of digital banking. The virtual online platform also offers checking, savings, lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide.

BankMobile winning accolades for transforming customer experience

Listed amongst the top 25 banks in the country in terms of number of consumer checking accounts serviced, BankMobile has emerged as a disruptive technology in the space of online banking. The virtual banking app is a digital division of Customers Bank, which has eminent personalities including Bhanu Choudhrie amongst its board of directors.

BankMobile was recently honoured by Efma and Accenture at the fourth annual Global Distribution & Marketing Innovation Awards ceremony held at the Hilton Barcelona Hotel. It bagged Bronze award in the digital distribution category for transforming customer’s experience.

Bhanu Choudhrie

More than 200 financial institutions from 61 countries submitted over 460 case studies of innovations within 10 categories, which includes 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,” stated Luvleen Sidhu, Co-Founder and Chief Strategy Officer of BankMobile. “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.”

Established in 2015, BankMobile has been successful in achieving several milestones that include the launch of its BankMobilist College Program across 70 campuses nationwide, the establishment of BankMobile Labs, launch of BMpowered Radio featuring two weekly podcasts, and the creation of BankMobile Foundation, which awards an annual Financial Literacy Scholarship.

The online banking platform is also planning to generate approximately 500,000 new student checking accounts making it the fastest growing digital banks in the country.

BankMobile honored for transforming customer experience

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.

Bhanu Choudhrie

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.