BankMobile rewarded for its efforts to revolutionise banking

‘Why Can't Banks Be as Easy as Uber?: BankMobile and The Real Future of Banking,’ co-authored by father-daughter team Jay and Luvleen Sidhu, has been well received and jumped up to number one as International Best Seller on Amazon. It has also been greeted with acclaim across USA, Australia and Germany Amazon stores in less than 24 hours. The success also put the authors in Amazon’s Top 100 Authors list in the category of Business and Money.

The Sidhu’s are renowned, having founded BankMobile, which seeks to revolutionise American banking. Luvleen Sidhu’s management got her placed among Bank Innovation’s top 10 “Innovators to Watch” worldwide. BankMobile’s executive team also had a good week as they successfully conducted the Investor Day at the Harvard Club in New York.

BankMobile is just over a year old but has already made lives easy for millennials and college students. Through this book, the authors hope to spread awareness about how the traditional banking system leads to billions of dollars being lost. It explains in detail how BankMobile is dedicated to change that fact.

"What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier -- and you happier." - reviewed Tal Ben-Shahar, PhD, 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.

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

BankMobile Foundation, an initiative that compels entrepreneurs and students that spread financial literacy among their communities to keep up their efforts will receive 100% of the sales.

Why Can't Banks Be as Easy as Uber? can be purchased on Amazon via BankLikeUber.com.

Jay Sidhu to speak at RFi Group Global Retail Banking Conferences

BankMobile, America's first absolutely no-fee digital bank, revealed that Jay Sidhu, Chairman and CEO, will be speaking at two upcoming RFi Group Global Retail Banking Conferences. RFi Group is a global business intelligence and media provider that focuses on financial services and hence Sidhu is the perfect man to deliver this lecture.

Sidhu is also Chairman and CEO of BankMobile Technologies and Customers Bancorp Inc., a nearly $9 billion asset bank and is forerunner when it comes to developing banking technology.
He will present at “Opportunities in Digital Banking and FinTech" and "The Future of Retail Banking - Innovation, Disruption and Co-opetition," at Banking Hall in the UK.

"I look forward to discussing with senior banking, marketing and payments executives the importance of digital banking in today's high-paced technology-focused world," stated Sidhu. "I established BankMobile with my daughter Luvleen in January 2015 and our mission is to financially empower millennials, middle income Americans and the underbanked. We are on track to have two million students banking with BankMobile by June 30, 2016, and we are focused on providing them with a 'wow' digital banking experience."

At both conferences, Sidhu will present: "The Uberization of Banking - How to create a successful digital only bank targeting millennials." The topics of discussion will be: how to perfect the digital banking experience for millennials; how to market and engender loyalty among millennials; and how to leverage technology to reduce costs and offer free services.

At the Canadian Retail Banking Conference discussions will be held around best practices for – ‘current transactions, savings and deposit accounts, case studies of effective digital engagement and disruption, customer sentiment and loyalty perfecting the balance for financial advice and key take-outs from the World Economic Forum.’

Similarly, at the Global Digital Banking Conference – UK, digital engagement and innovation across retail banking, main bank relationships, share of wallet, targeting specific consumer segments and also marketplace lending and new forms of payments – will be the topics of discussion.

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.

Jay Sidhu receives Honorary Degree for contributions to Greater Reading area

BankMobile, America's first absolutely no-fee digital bank, announced that Jay Sidhu, Chairman and CEO, was conferred with an honorary degree from Albright College during its 157th Commencement on May 22, 2016.

One of the most renowned figures in the world of digital banking, Sidhu is also the leader for BankMobile Technologies and Customers Bancorp Inc., an almost $9 billion asset bank in Wyomissing, PA.

"It is a true privilege to be awarded this degree from Albright College, a prestigious school with which we share a community," stated Sidhu.

Sidhu has a wide array of experience, especially in banking, as well as business, finance and marketing. This degree marks the value of his impact on the growth of Greater Reading area.

BankMobile was established with daughter Luvleen Sidhu in January 2015. Luvleen, a millennial herself, has contributed vastly to making the bank student friendly. Its lucrative offers are well recognised among the customers whose number keeps increasing, cited to reach 2 million by June 30, 2016.

Sidhu’s association with banking has been long and fantastic. Before leading Customers Bank, he was the Founder, Chairman and CEO of Sovereign Bancorp Inc. and led them to become the 17th largest in the country. Under Sidhu, it rose from an Initial Public Offering of $12 million to the formidable market cap of $12 billion.

His life has been laden with accolades such as – Financial World's CEO of the Year, Turnaround Entrepreneur of the Year, and he was also named as the Large Business Leader of the Year by the Chamber of Commerce.

Sidhu also has a fabulous academic background—Wilkes University for Master of Business Administration and Harvard Business School from where he graduated in Leadership Course.

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.

Customers to Learn Crucial Financial Knowledge Through BankMobile Podcast

BankMobile, America’s first absolutely no-fee bank, hit the ground running since its launch and is now targeting 2 million customers by July. The reason is the lucrative services such as surcharge-free ATMs, low-fee model and personal bankers.

To add to all that a podcast has been brought out to empower customers with financial knowledge.

BMPowered Radio with Financial Empowerment Coach Ash Cash is available on Apple iTunes, Sound Cloud and BankMobile website. "We are thrilled with the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower customers and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

On #MoneyMondays, Ash Cash talks interesting financial trivia like how secured credit cards and presidential elections relate to each other.

In the episodes aired so far, Ash has shared his viewpoints on: Why it's necessary to create a financial support system, how managing your wage can lead to financial freedom, why diversification is extremely important for securing your finances.

Financial discussions are not limited to the general crux on #MoneyMondays, they extend to songs like Drake's "Summer Sixteen” single.

“Financial empowerment is at the heart of our mission and the #MoneyMondays series is meant to be a fun, quick way for listeners to learn tips on how to get on solid financial footing,” revealed Luvleen Sidhu.

#FreeLifeFridays is the best source of motivation for riding down the road of financial freedom.

“But we are not just about financial empowerment, we are a brand that hopes to empower you in every aspect of your life and our #FreeLifeFridays series serves as weekly inspiration to push our listeners to reach their potential.” Luvleen Sidhu revealed.

Entrepreneur and co-founder of Abacus, Omar Qari appeared on the podcast to help listeners learn how to plan expenses, recollect corporate credit cards and how to reimburse your team without hassle.

The episode was especially important for people planning to form their own start-ups because they got to learn – how to manage venture capital funding, how subject specific knowledge is the base for a successful start-up and more. He gave tips on spending your free time so as to not waste it.

If you want to feature on the show, contact Ash Cash at AshCash@BankMobile.com and you might be selected to be interviewed on the podcast.

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.

Ash Cash and BankMobile Team up for Financial Podcast

BankMobile, United States’ first absolutely no-fee bank, is probably the most customer-friendly bank in the country. With features like surcharge free ATMs, free financial coaches and personal bankers, a podcast has now been launched to provide financial knowledge to customers. 

BMPowered Radio with Financial Empowerment Coach Ash Cash is being streamed on Apple iTunes, Sound Cloud and BankMobile website. "We are thrilled in the interest and responses we have received after launching BMpowered Radio," shared Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower listeners and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

On #MoneyMondays, Ash Cash discusses crucial financial topics like the working of secured credit cards and their importance to building or repairing credit, improving credit and life insurance have all been covered. Recently a head-to-head was made between secured credit cards and presidential elections. 

“Financial empowerment is at the heart of our mission and the #MoneyMondays series is meant to be a fun, quick way for listeners to learn tips on how to get on solid financial footing,” according to Luvleen Sidhu. 

Financial freedom is the most important thing in life and #FreeLifeFridays inspires listeners to get on track.

“But we are not just about financial empowerment, we are a brand that hopes to empower every aspect of listeners lives and our #FreeLifeFridays series serves as weekly inspiration to push our listeners to reach their potential.” Luvleen Sidhu. 

Roy Firestone, a seven-time Emmy Award-winning journalist, performer, and inspirational speaker, made an appearance too. After interviewing more than 5,000 athletes and high-performing individuals and got to closely understand what it means to be great, why gratitude is greater than regret, and why the best way forward in life is through humility. Roy also shared an exclusive story about his interview with Kobe Bryant. 

In yet another episode, pharmacist, certified investment educator, writer, and entrepreneur, Dr. Eric Patrick made an appearance to share how investing can help grow your wealth, why Nike's "Just do it" phrase not just a slogan, how to easily multi-task, and how music can be your support while sending a message across.

If you believe your story is worthy of being shared on the show, contact Ash Cash at AshCash@BankMobile.com and you might be selected to be interviewed on the podcast.

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.

BankMobile’s Podcast: Tips, Inspiration and Success Stories

BankMobile, America’s first absolutely no-fee, mobile, tablet and online bank, has been catering to millennial financial issues through their surcharge-free model. But it is always willing to go the extra mile through lucrative features and their recent effort – the podcast BMPowered Radio with Financial Empowerment Coach Ash Cash – is well worth praise. The series is available on Apple iTunes, Sound Cloud and BankMobile website. 

Every week millenials will get ample amounts of financial tips to remain within their budgets for the week through #MoneyMondays with Ash Cash, where financial experts are also interviewed and answer listener questions. Complex finance and banking terms like understanding your credit report and learning about FICO score have been explained so far.

Fridays bring loads of inspiration through motivating stories of milennials who’ve achieved a top level when it comes to business management. The motivators mark their presence on the show and Omar Qari, and Kiana Danial, Award winning Investing Advisor and CEO of Investdiva.com; Meg Buzza, Professional Dancer and Choreographer; and Zui Duckers, Head of Brand Ambassadors, BankMobile, have already featured.

"We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower youngsters and this tool provides a fun, enlightening way to learn about finance and also hear from successful professionals."

Ash Exantus a.k.a., “Ash Cash” is a banking veteran with 15-years of extensive experience on his CV and an authority on personal finance. He is also a motivational speaker whose books on Amazon.com: Mind Right, Money Right: 10 Laws of Financial Freedom and What the FICO: 12 Steps to Repairing Your Credit, are bestsellers. Besides BankMobile podcasts, Exantus also hosts, “The Ash Cash Show” that airs every Sunday at 1pm on WHCR 90.3FM NY and has 2.2 million dedicated listeners.  

Personal finance is the primary objective of the show and all those who tune in are urged to choose to be an entrepreneur in order to achieve financial freedom.

If you think your story can inspire others and you want to share it on the show , contact Ash Cash at AshCash@BankMobile.com and you might be selected to be interviewed on the podcast. 

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. 

BankMobile Join Hands with Ash Cash to Launch Podcast

BankMobile, America’s first absolutely no-fee, mobile, tablet and online bank always comes up with interesting ways to keep their customers happy.  BMpowered Radio, its new podcast hosted by Financial Empowerment Coach Ash Exantus, is already making waves. The series is being podcasted on Apple iTunes, Sound Cloud and BankMobile website.

#MoneyMondays with Ash Cash, will kick-start your week with valuable financial tips and interviews of financial experts who would make handling finances easier. In the episodes aired so far, the specialists have simplified things like maintaining financial health, understanding your credit report and learning about your FICO score.

#FreeLifeFridays is a little more motivational where young minds that have significant financial achievements, share their tales. People like Omar Qari, and Kiana Danial, Award winning Investing Advisor and CEO of Investdiva.com; Meg Buzza, Professional Dancer and Choreographer; and Zui Duckers, Head of Brand Ambassadors, BankMobile, have made an appearance.

"We are thrilled in the interest and responses we have received after launching BMpowered Radio," stated Luvleen Sidhu, Chief Strategy and Marketing Officer of BankMobile. "We are here to empower you and this tool provides a fun, enlightening way to learn about finance and also hear from young successful professionals."

“Ash Cash” is a banking veteran with a 15-year experience and is also an expert on personal finance. He is also a motivational speaker and has written two successful books published on Amazon.com: Mind Right, Money Right: 10 Laws of Financial Freedom and What the FICO: 12 Steps to Repairing Your Credit, both of which are bestsellers. Besides BankMobile podcasts, Exantus also hosts, “The Ash Cash Show” that airs every Sunday at 1pm on WHCR 90.3FM NY and has 2.2 million dedicated listeners.

The show is based on personal finance and people urged to choose the entrepreneur life so they can achieve financial freedom.

If you believe your story as an entrepreneur can inspire others, you can easily contact Ash Cash at AshCash@BankMobile.com and you might be selected to be interviewed on the podcast.

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.

Golden Opportunity Awaits Vietnam’s Aspiring Aviators

Max Buerger, head of Alpha Aviation Group, has written a great article looking into Vietnam’s airline industry, an industry that is entering a very exciting time in history. 

Mr Buerger feels the announcement made by Vietjet Air, Vietnam’s first private budget airline, that it will double its passengers in 2016, is excellent news for Vietnam’s civil aviation industry. 

Vietnamese airlines are looking to capitalise on the low prices of crude oil, with Vietjet already planning to buy 12 new planes to add to the 9 bought last year. Within the next five years, it would have owned 100 planes. 

This development is not just going to immensely benefit the industry, but it comes as welcome news for the country’s budding pilots. As airlines get bigger and fare better when it comes to profits, pilots will become the central figure behind this much welcome boom.

Currently, there is a shortage of pilots, especially local ones within the Vietnamese commercial aviation sector. This has led to most investment going into foreign talent. 360 of 800 pilots of Vietnam Airlines are non-Vietnamese and the number rises to 95% when looking at Jetstar Pacific Airlines air crew. The Civil Aviation Administration of Vietnam has even urged the government to increase the retirement age of pilots to be increased in order to deal with this national shortage.

As a country with a staggering youth population (40 million people aged below 24), Vietnam has been investing a lot in science and technology. This should lead to more interest in aviation and the nation has the potential to meet the pilot demands across the Asia Pacific region.

This shortage can’t be solved in isolation by the government, private sector or the airlines, but rather requires that the pilot training infrastructure is bettered. Regional flight training schools will be especially pivotal. 

By 2034, Boeing will require an additional 558,000 commercial pilots to cater to its expanding global fleet. A major portion of that number is expected to come from Asia, which gives Vietnam authorities another reason to invest more in high-end pilot training modules. 

Vietnamese government can do its bit by inspiring youngsters to follow the path of science and technology. Opportunities will keep coming their way, it’s up to the nation now to capitalise on them. 

Alpha Aviation Group is a leading Asian pilot training provider that has the likes of entrepreneur and businessman Bhanu Choudhrie amongst its board of directors. 

BankMobile’s Success Lands Luvleen Sidhu Lehigh Valley Business Women of Influence’s Woman to Watch

BankMobile has risen meteorically across the States. Being America’s first no-fee mobile, tablet and online bank, its student-friendly and millennial-targeted strategy has been well received as it reached 100,000 customers in less than a year and will be touching the 2 million mark come July. 

Behind this superb success is one woman, Luvleen Sidhu, co-founder and Chief Strategy and Marketing Officer of BankMobile. A millennial herself, Sidhu used her leadership skills to successfully take BankMobile to such great heights. 

It isn’t surprising that she has been chosen as Lehigh Valley Business Women of Influence’s ‘Woman to Watch’. Lehigh Valley Business is the most read local business journal and is the most reliable source for all business related news for Leigh Valley’s entrepreneurs, corporate boards, middle managers and CEOs. This award is given out each year to the women business leaders who lead their teams to greater heights. Cedar Crest College will host the honourees this year for a luncheon and ceremony.  

"Luvleen's dedication to helping millennials and the under-banked live financially stable lives is unwavering. She has had monumental accomplishments since she co-founded BankMobile last year including reaching over 100,000 customers and launching the BankMobilist College Brand Ambassador Program," said Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank recognising Luvleen’s fabulous accomplishments. "We congratulate her on this recognition as she continues her mission of financial empowerment."

The BankMobile app offers features such as personal banker, financial tips and podcasts, going all in when it comes to pampering the customers. It has not restricted its growth to just banking by launching BankMobile Technologies, announcing BankMobilist College Brand Ambassador Program, handing out Financial Literacy Scholarship and being one of the first banks on Apple Watch. 

Other winners of the award have been were: Sandra Figueroa of Lincoln Leadership Academy Charter School; Martha Cichelli of Software Consulting Services, LLC; Sheila Evans and Allentown Symphony Association; and Debbie Salas-Lopez and Lehigh Valley Health Network.

Luvleen Sidhu was also recently selected as one of New York Business Journal's Women of Influence Award honourees.

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.

Luvleen Sidhu awarded as Lehigh Valley Business Women of Influence - Woman to Watch Award

BankMobile, America's first absolutely no-fee, mobile, tablet and online bank, stated that Luvleen Sidhu, Co-Founder and Chief Strategy & Marketing Officer, was chosen as the Lehigh Valley Business Women of Influence – Woman to Watch Honouree. This year's winners will be honoured at a luncheon and ceremony taking place on May 11, 2016 at Cedar Crest College.

"Luvleen's dedication to helping millennials and the underbanked live financially stable lives is unwavering. She has had monumental accomplishments since she co-founded BankMobile last year including reaching over 100,000 customers and launching the BankMobilist College Brand Ambassador Program," stated Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank. "We congratulate her on this recognition as she continues her mission of financial empowerment."

The Women of influence awards applaud women business leaders for their contributions to their companies, industries and communities.

BankMobile has made a staggering rise under Sidhu’s management as it reached 100,000 customers in less than a year in December 2015 and looks to reach 2 million by July this year. Apart from that, their business model is set to reduce the financial burden on students and milennials after they acquired Higher One’s student banking business. Also, BankMobile has released its VIP experience, is available on Apple Watch, launched BankMobilist College Brand Ambassador Program, established BankMobile Technologies and awarded the first Financial Literacy Scholarship of its foundation. 

Other awardees include: Sandra Figueroa of Lincoln Leadership Academy Charter School; Martha Cichelli of Software Consulting Services, LLC; Sheila Evans and Allentown Symphony Association; and Debbie Salas-Lopez and Lehigh Valley Health Network.

Leigh Valley Business is the much acclaimed business newspaper of record for Lehigh Valley, which is the go to paper for businessmen for analytics and advice. Entrepreneurs, corporate boards, middle managers and CEOs, all have subscribed to this award winning and most read local business publication in Leigh Valley.
Luvleen Sidhu was also recently selected as one of New York Business Journal's Women of Influence Award honourees.

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.

BankMobile’s One-stop Banking App to Save Millennials $70 Million a Year

Overdraft fees add up to around $32 billion in the United States. BankMobile, a division of Customers Bank and America’s first zero-fee, mobile, tablet and online bank, understands that and after acquiring Higher One’s student banking is set on college students getting to save up to $70 million a year.

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank, as he talked about the bank’s goals and aspirations. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu continued.

"As a fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile.

BankMobile has clocked 100,000 customers in less than a year of operations and is set to go past 2 million accounts in July.

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.

BankMobile’s Student-Friendly Banking Solutions to Lead Them to 2 Million Customers in July

BankMobile, a division of Customers Bank and America’s first absolutely no-fee, mobile, tablet and online bank, wants to reduce financial burden on students and aims to aid college students save $70 million a year through their business model. 

Mostly targeting millennials and Gen X customers, BankMobile offers 55,000 surcharge-free ATMs and zero overdraft fees. 

"As a fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, shared her vision to lead her fellow millennials to financial freedom.

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu explained the need for a bank like BankMobile.

BankMobile has gone the extra mile to make its service the favourite of students by adding features like financial tools, personal banker etc. to the app.

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.

BankMobile Aims Financial Freedom For Students

BankMobile, America’s first no-fee mobile, tablet and online bank, and a division of Customers Bank, will acquire Higher One’s Student Banking Business, and aims to develop a new banking model that will help students save $70 million a year by eliminating the high-fee existing model.

With a mission to extend its model of affordable banking to millennials, the bank already provides services free of any overdraft charges, along with 55,000 surcharge free ATMs and other lucrative offers.

"During our due diligence at Higher One, we identified the regulatory and compliance risks of the high-fee based model that the company was using to make money from its student loan disbursement business," stated Jay Sidhu, Chairman and CEO of BankMobile and Customers Bank, explaining the bank’s vision. "We are a full service bank and are offering these students checking, savings and loan products and making them affordable and accessible in alignment with our mission. Our goal is to provide these students with a 'wow' experience and make them customers for life due to their positive experience with us. Our banking model will put approximately $70 million more in the pockets of students across America who are working hard to study in the hope of obtaining high paying jobs."

"These students want to buy cars, plan for growing their families, and quickly pay off their student loans. The loans are meant to pay for tuition and textbooks, not high bank fees. Every time banks and credit unions charge overdraft fees, they are charging approximately 17,000% interest on the money they are 'lending,' which amounts to over $30 billion each year. This is outrageous. BankMobile will never charge an overdraft fee. Also, we will provide our student customers with access to over 55,000 free ATMs across the country. This is a commitment from BankMobile", Sidhu added.

BankMobile aspires for student-friendly banking and has gone the extra mile to load its app with features such as consultations with a financial coach, podcasts where successful millennials share their expertise, financial blogs and management tools.

"As a fellow millennial myself, it is my goal to change the -2% savings rate of the millennial generation and make sure they are on solid financial footing so they have the freedom to pursue their dreams," stated Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, shared her ambition to lead her fellow millennials to financial security.

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.

BankMobile Set to be Among Top 25 US Banks by July 2016

BankMobile has started off with a bang! Acquiring 100,000 customers in under a year of operating. However, it comes as little surprise as BankMobile continues to make a mark as a consumer favourite through some immaculate services and offers like free checking and savings accounts and access to more than 55, 000 surcharge free ATMs in US.

At this rate, BankMobile will hit 2-million account holders by July 2016, which would position it among the top 25 banks in the country (in terms of consumer checking accounts). Estimates posit 500,000 new student checking accounts to be added each year.

BankMobile’s parent company, Customers Bank, is trying out new acquisition strategies to tap the GenX and millennial market and it seems to be paying off—the bank recently acquired One Account Student Checking and Refund Management Disbursement business of Higher One, Inc.

"This acquisition positions BankMobile to be the primary banking relationship for these millennial and Gen X students as they graduate, evolve into young professionals, and start their own families," Jay Sidhu, Chief Executive Officer of BankMobile and Customers Banksaid their ambition is to provide financial freedom to millennials. "Our vision of providing financial freedom to millennials and the underbanked through BankMobile has very quickly become a reality. There is no bank in the country that has achieved the level of success that BankMobile has within its first year of launch."

"It is truly exciting that BankMobile can now provide affordable, effortless and financially empowering banking to a large number of students across the United States, who are burdened by student debt, high fees from banks, and lack access to financial education to help them make prudent financial decisions," said Luvleen Sidhu, Chief Strategy &Marketing Officer of BankMobile, further adding that the bank’s goal is to provide a financially stable life to all the customers.

"Our mission has and always will be to financially empower our customers and we look forward to not only providing traditional banking services but also the tools and personal guidance they need to build a financially stable life." She said.

Along with ahead-of-the-curve services, features like free-checking on savings accounts and access to more than 55, 000 surcharge-free ATMs in the US are helping BankMobile take the market space by storm.

"By providing a superior product that is easier to use and is more affordable, we hope to create the 'Uber of Banking' at BankMobile," Jay Sidhu said.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has a board of directors which includes eminent businessmen including Bhanu Choudhrie, founder of C&C Alpha Group.

BankMobile Set To Be Among Top 25 Banks of the Country by July 2016

BankMobile, America’s first no-fee, mobile, tablet and online bank, revealed that it has reached 100,000 customers in under a year since launch and isfast heading towards a total of two million customers by July 2016.

Customers Bank, itsparent company, is set to acquire the One Account Student Checking business and related Refund Management Disbursement business of Higher One, Inc., a service known for providing refund disbursements to nearly 900 higher education campuses across the United States. BankMobile would be forming a customer acquisition strategy to capture the Gen X and millennial market.

BankMobile will add nearly 500,000 new student checking accounts each year, adding to the initial two million accounts by mid-2016, a time when BankMobile will grow into becoming one of the top 25 banks in the nation in terms of number of consumer checking accounts.

"This acquisition positions BankMobile to be the primary banking relationship for these millennial and Gen X students as they graduate, evolve into young professionals, and start their own families," said Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank. "Our vision of providing financial freedom to millennials and the underbanked through BankMobile has very quickly become a reality. There is no bank in the country that has achieved the level of success that BankMobile has within its first year of launch."

"It is truly exciting that BankMobile can now provide affordable, effortless and financially empowering banking to a large number of students across the United States, who are burdened by student debt, high fees from banks, and lack access to financial education to help them make prudent financial decisions," said Luvleen Sidhu, Chief Strategy &Marketing Officer of BankMobile, while talking about the need of effective student loans in the country.

"Our mission has and always will be to financially empower our customers and we look forward to not only providing traditional banking services but also the tools and personal guidance they need to build a financially stable life." She added.

The rise and rise of BankMobile’scan be attributed to the fact that it offers free checking and savings accounts without any fees and access to more than 55,000 surcharge free ATMs in the USA.

"By providing a superior product that is easier to use and is more affordable, we hope to create the 'Uber of Banking' at BankMobile," Jay Sidhu said.

Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania. It has an illustrious board of directors including the founder, C&C Alpha Group, Bhanu Choudhrie.

A Terrific Opening For BankMobile; Reaches 100,000 Customers in Less than a Year

BankMobile, America’s first no-fee, mobile, tablet and online bank, has had a phenomenal start, acquiring 100,000 customers less than a year after its launch. By maintaining this pace, it can rise to 2 million customers by July 2016.

Its parent company, Customers Bank has been busy developing customer acquisition strategies in order to tap the Gen X and millennial market. It has also acquired One Account Student Checking business and related Refund Management Disbursement business of Higher One, Inc., a service which already has 900 higher education campuses across the United States under its belt, for providing refund disbursements.

BankMobile is set to become one of the top 25 banks in the nation by 2016 in terms of number of consumer checking accounts and nearly 500,000 new student checking accounts will be added each year.

"This acquisition positions BankMobile to be the primary banking relationship for these millennial and Gen X students as they graduate, evolve into young professionals, and start their own families," expressed Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank. "Our vision of providing financial freedom to millennials and the underbanked through BankMobile has very quickly become a reality. There is no bank in the country that has achieved the level of success that BankMobile has within its first year of launch."

"It is truly exciting that BankMobile can now provide affordable, effortless and financially empowering banking to a large number of students across the United States, who are burdened by student debt, high fees from banks, and lack access to financial education to help them make prudent financial decisions," said Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, while talking about the priority of providing effective student loans in the country.

 "Our mission has and always will be to financially empower our customers and we look forward to not only providing traditional banking services but also the tools and personal guidance they need to build a financially stable life." She added.

One of the reasons BankMobile is generating interest among customers is their free checking and savings account service and an access to more than 55,000 surcharge free ATMs in the USA.

"By providing a superior product that is easier to use and is more affordable, we hope to create the 'Uber of Banking' at BankMobile," Jay Sidhu said.
Customers Bank is a subsidiary of Customers Bancorp, Inc., a bank holding company in Wyomissing, Pennsylvania and has a board of directors including Bhanu Choudhrie, the founder of London based company, C&C Alpha Group.

BankMobile Hits 100,000 Customers Mark; To Have 2 Million by July 2016

BankMobile, America’s first mobile, tablet and online bank offering free checking and savings accounts, has reached 100,000 customers, in less than a year since inception and looks set to reach two million customers by July 2016. Its parent company, Customers Bank, is all geared up for the acquisition of the One Account Student Checking business and Refund Management Disbursement business of Higher One, Inc., which provides refund disbursements to nearly 900 higher education campuses across the country. 

Through these mergers, BankMobile hopes to reach out to more customers in the Gen X and millennial market. To add to the initial two million accounts by mid-2016, around 500,000 new student checking accounts each year. That will make BankMobile rank among the top 25 banks in the country with the highest number of consumer checking accounts. 

"This acquisition positions BankMobile to be the primary banking relationship for these millennial and Gen X students as they graduate, evolve into young professionals, and start their own families," said Jay Sidhu, Chief Executive Officer of BankMobile and Customers Bank, explaining the importance of reaching out to Gen X customers. "Our vision of providing financial freedom to millennials and the underbanked through BankMobile has very quickly become a reality. There is no bank in the country that has achieved the level of success that BankMobile has within its first year of launch."

"It is truly exciting that BankMobile can now provide affordable, effortless and financially empowering banking to a large number of students across the United States, who are burdened by student debt, high fees from banks, and lack access to financial education to help them make prudent financial decisions," said Luvleen Sidhu, Chief Strategy & Marketing Officer of BankMobile, stating how the bank is helping students face debt. "Our mission has and always will be to financially empower our customers and we look forward to not only providing traditional banking services but also the tools and personal guidance they need to build a financially stable life."

BankMobile offers higher savings rate than the nation’s top four banks, as well as access to more than 55,000 surcharge free ATMs in the USA. 

"By providing a superior product that is easier to use and is more affordable, we hope to create the 'Uber of Banking' at BankMobile," Jay Sidhu added.

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

LeaseTeam’s ASPIRE To Aid Customers Bank’s New Commercial Finance Business

Customers Bank, a state chartered, full-service US business bank, has come up with a segment to deal with end-to-end lease and loan management solutions called Customers Bank Commercial Finance (CBCF) and have chosen LeaseTeam’s ASPIRE to help them with it.

This new business division would be responsible for providing equipment finance and leasing products and services for customers from different asset classes. Service vendors, independent finance companies, dealers, bank-owned leasing companies and direct customers would also be eligible for these services.

ASPIRE, with an effective single system, will assist CBCF with their plans by making transactions easier; organising the adjudication process better through pipeline management and asset management.

Samuel H. Smith III, managing director of CBCF, explained about the value ASPIRE would add to their plans: “ASPIRE will provide everything in an end-to-end operating system solution that our commercial finance and leasing business was looking for. 

“LeaseTeam understands our unique challenges and is providing customized solutions that will enable us to process our transactions more efficiently while providing the flexibility for our future growth and expansion into new business channels and markets. We are very pleased with the progress we have made as a result of the expert guidance that Randy Haug and his team have provided.”

Randy Haug, co-founder and executive vice president at LeaseTeam said his team would work hard for Customers Bank and its clients’ success.

“We’re delighted to add Samuel H. Smith III and his trusted and experienced team to our growing family of bank equipment finance companies nationwide. The synergies between our group at LeaseTeam and Sam’s team were immediate. We are currently putting our combined years of experience, trust and integrity to work in the deployment of ASPIRE, which is being configured specifically for the success of Customers Bank Commercial Finance and its clients.”

Located in Portsmouth, Customers Bank Commercial Finance (CBCF) is a division of Customers Bancorp, Inc. It is known to provide a number of lease and financing products through vendor as well as direct and capital markets origination channels focused on markets such as industrial, packaging, franchise, plastics, construction, marine among others. Customers Bancorp Inc. engages in public banking services through its subsidiary Customers Bank, where the board of directors includes noted names like Bhanu Choudhrie and Jay S. Sidhu.

Atlantic Coast Financial Buoyed By Upward Mobility

On the back of its stock rating upgraded from a sell to a hold rating by The Street, the Atlantic Coast Financial Corp (NASDAQ:ACFC) has another ratings upgrade—this time from Zacks which has awarded it a buy rating.   The firm currently has $6.50 price objective on the stock.

According to Zacks, “Atlantic Coast Financial Corporation, formerly known as Atlantic Coast Federal Corporation, operates as a savings bank through its subsidiary Atlantic Coast Bank, a federally chartered and insured savings bank serving north-eastern Florida and south-eastern Georgia markets. The products offered by the bank includes checking accounts, savings accounts, money market accounts, demand deposit accounts, time deposit accounts, certificates of deposit, family residential first and second mortgage loans, home-equity loans, commercial real estate loans, commercial and residential construction loans, land and multi-family real estate loans, commercial business loans, and automobile and other consumer loans. Atlantic Coast Financial Corporation is based in Waycross, Georgia.“

In another piece of related news, ACFC CEO John Kenneth Jr. Stephens through an acquisition back in August secured 10,000 shares of the stock at an average price of $6.20 per share, at accrued cost of $62,000.00. That positions the CEO as one of the topmost stock holders of the company with 30,690 shares valued at $190,278 in the ballpark.

ACFC has been a key interest area for brokerages as it continues with its positive showing on NASDAQ.  Other than The Street and Zacks, FBR & Co. raised their price target on ACFC shares from $5.50 to $6.50 back in July.

About Atlantic Coast Financial

Atlantic Coast Financial Corporation is an publicly traded bank holding company headquartered in Jacksonville, Florida (a Maryland corporation) and listed on the NASDAQ Stock Market (NASDAQ: ACFC), which wholly owns Atlantic Coast Bank. Atlantic Coast Bank's services are focused primarily on Personal Banking and Business Banking in the Northeast Florida and Southeast Georgia regions.

In its May 2015 AGM, the Bank re-elected two directors for three-year terms: Bhanu Choudhrie, Executive Director of C&C Alpha Group Ltd, a London-based private equity group; and James D. Hogan, retired Chief Risk Officer of the Company and the Bank.

Nira Alpina: A Luxury Holiday, a Priceless Experience

St. Moritz a town of sheer beauty, made up of splendid hotels and vast pistes which run up to about 350 kilometers.

St. Moritz is unique because of the way nature meets man-made grandeur in the town. A paradise for skiing enthusiasts, it’s has now become a luxury holiday destination. Some extraordinary features of the town include horse riding on a frozen lake, world cup quality pistes, luxuriously calming spas and much more. 

Among the exotic hotels in the place, Nira Alpina definitely takes the cake especially after the bakery, conveniently called ‘The Bakery’, was included in The Telegraph’s list of top 40 mountain restaurants. Their exclusive preparations such as Swiss chocolate croissant, apple lattice pastry, Zopf etc., have left all the tasters drooling and asking for more.

This comes after a local resident, while speaking to the Style Altitude magazine, rated a fondue night at Nira Alpina’s Pichalian as one of the must-dos in St. Moritz.

Nira Alpina is a destination resort by Shanti Hospitality, a subsidiary of global private equity firm C&C Alpha (CCAG) and is the only ski-in ski-out hotel in the area. It is a dream come true for skiing enthusiasts as a private walkway leads to the Corvatsch cable car, a direct gateway to the highest drop point at 10,000 ft.

While a wonderland in winters, Nira Alpina is equally good in summers because of its strategic location which makes access to biking and hiking trails easier. So get ready, a complete luxury holiday experience awaits you at St. Moritz!

About Nira Hotels & Resorts
   
Nira Hotels and Resorts is a part of Shanti Hospitality, a subsidiary of the C&C Alpha Group where entrepreneur Bhanu Choudhrie is an Executive Director and promoter. Shanti Hospitality’s portfolio includes award-winning brands like Ananda in the Himalayas (managed by IHHR), Nira Hotels & Resorts and Nidra Hotels and its pipeline projects span worldwide across Asia, Europe and the Indian sub-continent.