BankMobile Partners with Danal for Providing Enhanced Customer Experience and Security

Established in 2015, BankMobile has always focused on providing smooth customer experience and proficient security to its users. The online banking platform is a digital division of Customers Bank, which has renowned entrepreneurs like Bhanu Choudhrie amongst the board of directors.

With an increasing number of people banking on their mobile phones, BankMobile has developed a niche in offering interesting banking features on its mobile banking app. The company recently joined hands with Danal, Inc., a global leader in mobile identity and authentication solutions to utilize Danal’s Mobile Identity solution for providing enhanced security.  

"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 enhanced and secure mobile identity and authentication services to its customers, which are far more impactful than traditional management solutions. These services include real-time access to the mobile operator's network and subscriber data.

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".

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. Additionally, Danal 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.

BankMobile teams up with Danal to enhance Mobile security

Danal, Inc., a global leader in mobile identity and authentication solutions recently joined hands with BankMobile to utilize Danal’s Mobile Identity solution. This will help BankMobile to strengthen its mobile banking products by making them much more secure. An excellent step by BankMobile to provide seamless customer experience.

"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."

Bankmobile, the digital division of Customers Bank, has eminent business leaders like Bhanu Choudhrie amongst its board of directors and has transformed the digital banking sector since its establishment in 2015.

Danal's real-time mobile network data is laden with a comprehensive set of capabilities that authenticate a consumer's mobile device and its owner. There are majorly two areas where BankMobile primarily focuses to enhance customer experience—hassle-free transactions and security. BankMobile has recently built a niche in offering unmatched features in its mobile banking app to improve user experience.

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".

This partnership with BankMobile establishes Danal's position as the leader of fraud and compliance solutions to the Financial Services vertical. 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.

BankMobile Recognized at the Efma and Accenture 2016 Global Banking Awards Ceremony

Established in 2015, BankMobile is a digital division of Customers Bank, which has eminent business leaders like Bhanu Choudhrie amongst its board of directors. It is currently America's largest mobile-first bank, offering fee-free checking and savings accounts. The vision of this online banking platform is to provide seamless digital banking experience to its target customers primarily comprising of millennials, the under banked, and middle-income households.

BankMobile was recently honored at the fourth annual Global Distribution & Marketing innovation Awards ceremony jointly organized by Efma and Accenture. The online banking app received Bronze award in the Digital Distribution category for transforming customer experience.

 
More than 200 financial institutions from 61 countries submitted over 460 case studies of innovations within 10 categories: 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.

BankMobile is currently listed amongst the top 25 banks in the country in terms of number of consumer checking accounts serviced. With approximately two million depositors serviced, it is a truly disruptive technology in the space of digital banking.

BankMobile receives accolades for transforming customer experience

BankMobile is a digital division of Customers Bank, which has eminent entrepreneurs including Bhanu Choudhrie among its board of directors. Listed as one of the top 25 banks in the country in terms of number of consumer checking accounts serviced, it is currently America’s fastest growing mobile-first bank.

The online banking platform was recently awarded Bronze award in the Digital Distribution category at the fourth annual Global Distribution & Marketing Innovation Awards ceremony, jointly organised by Efma and Accenture. Efma is an association of 3,300 retail financial services companies present in more than 130 countries, and Accenture is a leading global professional services company. 

More than 200 financial institutions from 61 countries submitted over 460 case studies of innovations within 10 categories: 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."

Since its establishment in 2015, BankMobile has been able to achieve significant milestones, which  includes the launch of its BankMobilist College Program across 70 campuses nationwide, the establishment of BankMobile Labs, the launch of BMpowered Radio featuring two weekly podcasts, and the creation of BankMobile Foundation.