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”.

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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.

BankMobile delivers on promise of financially empowering students through BankMobilist

BankMobile has the vision to make the banking sector more affordable, effortless, and empowering. In line with that, it launched the BankMobilist College program to empower students financially. The company has started accepting applications from 2016-2017.

Its main focus is to mobilize college students across the country by launching #BankForLife movement. The organization is committed to make the banking experience more delightful and easy. BankMobile is searching for student ambassadors who can create a buzz about digital banking via social media, word of mouth, and conventional marketing. The focus is also upon opening BankMobile accounts and promoting financial education certificate programs.

Bhanu Choudhrie

“Our inaugural BankMobilist program last year proved to be a success and we are excited to begin accepting applications for the coming school year,” stated Luvleen Sidhu, Co-Founder and Chief Strategy Officer at BankMobile. “Our college brand ambassadors not only have the opportunity to gain real-world marketing, strategy and entrepreneurial experience but also positively impact others by helping them build a strong financial foundation through education.”

Some characteristics of BankMobilist are:

  • Recognizing go-getters who wish to drive marketing strategies
  • Finding people who can create influence on the campus
  • Spotting people who are passionate about BankMobile brand and mission

College students who will be able to engage a large amount of audience on their campus will be offered a bonus for achieving their milestones. Best student ambassadors will be invited to BankMobile’s New York City headquarters, where they will be trained for leadership and marketing. Selected students will be offered an internship with BankMobile in summer 2017.

BankMobile is a division of Customers Bank, which has renowned personalities like Bhanu Choudhrie among its board of members.

Annual BankMobilist College program launched By BankMobile to empower students

BankMobile believes in empowering the general public by making banking more affordable and effortless. It is a division of Customer Bank, America’s largest mobile-first bank with a mission to financially empower people. It recently launched the second annual BankMobilist College Program and started accepting applications from the 2016-2017 school year.

BankMobile wants college students across the country to be the part of #BankForLife. The main motto of BankMobile is to make banking experience more easy and delightful. BankMobilist program is looking for student ambassadors who can take the initiative to spread a word about digital banking. The campaigning can take place on various platforms such as social media, conventional marketing, word of mouth, etc. It is also looking forward to organizing events for promoting BankMobile’s financial education program and opening BankMobile accounts.

Bhanu Choudhrie

“Our inaugural BankMobilist program last year proved to be a success and we are excited to begin accepting applications for the coming school year,” said Luvleen Sidhu, Co-Founder and Chief Strategy Officer at BankMobile. “Our college brand ambassadors not only have the opportunity to gain real-world marketing, strategy and entrepreneurial experience but also positively impact others by helping them build a strong financial foundation through education.”

BankMobilist works on the following principles:

• Finding out students who can create influence on the campus
• Training those students who are interested in building marketing strategies and looking forward to challenging themselves
• Encouraging students who believe in the ideology of BankMobile

If the selected college students are able to do well and achieve their milestones, they will be awarded bonuses for their work. Ambassadors, who are able to perform really well will be given training in the New York headquarters.

BankMobile is a branch of Customers Bank which has renowned personalities like Bhanu Choudhrie, founder of London-based C&C Alpha Group, among its board of members.

BankMobile Founders receive deserved applause for newly released book

Entrepreneurship is all about setting a high benchmark for yourself and your brand. As an entrepreneur it becomes your responsibility to keep surprising your audience with new and amazing products. Jay and Luvheen Sidhu, a father-daughter duo, completely realises this. BankMobile is one such mobile application that has revolutionized the banking sector. This application has reached more than 2 million customers till date.

The father-daughter duo also released a book recently titled Why Can’t Banks Be as Easy as Uber?: BankMobile and The Real Future of Banking,’. This book explains how BankMobile can fix the loopholes of traditional banking system. It reached the number 1 international bestseller within few hours of its release on Amazon stores across USA, Australia, and Germany. The author duo was also ranked among Amazon’s top 100 author list in the category of business and money. Luvleen Sidhu was also counted among top 10 “Innovators to watch” by Bank innovation.

The icing to the cake was that the executive team of BankMobile also earned laurels for successfully organizing Investors day at Harvard Club in New York.

Bhanu Choudhrie

“What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier — and you happier.”  Is the review given by Tal Ben-Shahar, Ph.D., New York Times Bestselling Author of Happier.

“…BankMobile offered a mobile banking app that provided basic bank accounts for real people: Checking, Savings, Personal Loan and financial education. The whole banking experience from opening an account to setting up bill pay can be done with the app. The technology they put together with their partners is far superior to that of biggest five banks in the U.S. As I write this in June 2016, my view has not changed, and the app has only improved to include more than basic banking. They now provide an easy to use advanced money management platform which gives the BankMobile customer the tools to manage and improve their financial lives. The story behind the creation of BankMobile is fascinating. It details how the banking system, in general, is broken and why the US needs bank services that are truly customer focused.” – David Gerbino, FinTech, Bank and Data-Driven Marketing Consultant, DMG Consulting.

Money generated from the sales of the book will be used to promote financial literacy among student communities and entrepreneurs.

Purchase ‘Why Can’t Banks Be as Easy as Uber?’ on Amazon via BankLikeUber.com.

BankMobile is a division of Customers Bank which has renowned personalities like Bhanu Choudhrie among the board of directors.

BankMobile founders’ book reaches #1 on Amazon

BankMobile, America’s first absolutely no-fee mobile and online bank, has earned its fair share of laurels in such a short span of time and is well on its way to reach 2 million customers by July. Founders Jay Sidhu and Luvleen Sidhu have also been credited with accolades for incepting such a brilliant idea.

Luvleen was  awarded Lehigh Valley Business Women of Influence – Woman to Watch Honoree in 2016, selected as a winner of New York Business Journal’s Women of Influence Awards in 2016, one of Auto Finance News’ ‘10 Executives to Watch in Auto Finance’ in 2015, and one of Bank Innovation’s ‘2015 Innovators to Watch,’ completing a set of well renowned honours.

Jay, over his rich banking experience has also received several nods like the 2016 Ernst & Young FinTech Entrepreneur of the Year, Financial World’s CEO of the Year, Turnaround Entrepreneur of the Year, Large Business Leader of the Year and many more.

Bhanu Choudhrie

Another great achievement for the father-daughter duo came when their co-authored book ‘Why Can’t Banks Be As Easy As Uber? BankMobile And The Real Future Of Banking’ topped the charts in 12 different categories in the USA Amazon store, achieving #1 Best Selling-status in Australia, and making it onto the Top 100 Authors list in Business and Money, all in less than 24 hours.

The business model of BankMobile closely resembles that of Uber and Airbnb, both revolutionising their respective industries, just like BankMobile promoted disruptive innovation in the banking industry.

‘Why Can’t Banks Be As Easy As Uber? BankMobile And The Real Future Of Banking’ dives deep into the banking system and explains what’s wrong with the traditional ways that burden Americans with billions of dollars and eventually shares tips that can help save money in this system. Readers will realise how costly their bank is and how BankMobile can help them through fee-free, financially empowering and hassle-free banking by fighting for the consumers.

Sensational reviews have flowed in and big names such as Tal Ben-Shahar, New York Times Best-Selling author of Happier has said: What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier—and you happier.

Mary Wisnieswski, editor and journalist for American Banker said: ‘Why can’t banks be as easy as Uber?’ shines a damning spotlight on the way in which antiquated bank models profit off of their poorest customers.

100% of the book sales will be invested in BankMobile Foundation, set up to support entrepreneurs and students who urge financial literacy among their peers.

To buy the book visit: www.BankLikeUber.com

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has an illustrious board of directors that includes the founder of London-based C&C Alpha Group, Bhanu Choudhrie.