Bhanu Choudhrie's Customers Bank Marks a Digital Banking Revolution

Customers Bank is on its way to deliver an immersive mobile and tablet experience to its own customers and those of holding company Customers Bancorp through a free mobile banking platform called BankMobile.

As trends in technology undergo a rapid change in time, the market has to adapt to the transition and innovate in order to keep current with today’s requirements. Individuals and organizations are increasingly seeking options outside the traditional for managing money matters. The upcoming mobile and tablet banking platform, BankMobile is set to be launched this year and is an innovated form of banking system that aids the millennial customer in managing financial matters totally free of charge.

CEO, Customers Bank Jay Sidhu, and executive director Bhanu Choudhrie, have promised BankMobile to be a new gateway Jay Sidhu was in fact one of the panelists at the Money 2020 event that took place at the Aria Hotel in Las Vegas wherein he spoke on “Re-inventing Banks for the New Payments Ecosystem” and brought into view the services of BankMobile.

He also shared insights into what today’s banking scenario looks like, drawing parallels with the state of affairs in finance and payments system. The event was held on the 4th of November, Tuesday at 3.30 PM PST.

The talk was aimed at highlighting the paradigm shift that has been observed over the past years in the manner in which individuals and organizations manage, spend and borrow money. The panelists included prominent personalities from the sphere of finance who spoke on the subject and enlightened the masses about the fundamental change that the world of banking is finally opening into.

Evolution in payment methods and other financial services was the main thrust of the discussion and provided a long view of how payment making would shape out in the future.

Customers Bank falls under the holding company Customers Bancorp Inc. which has had Bhanu Choudhrie as the director since 2009. The Bank is a community-based, full-service facility with over $6.5 billion in assets.

Mr. Bhanu Choudhrie: As an Entrepreneur and Philanthropist

Mr. Bhanu Choudhrie is a globally renowned entrepreneur and an internationally acclaimed business leader. Besides spearheading his business he is seen consistently putting forward his best efforts in whatever he does, which is what differentiates him from his peers. Out of the many verticals that the his company has invested in, the real estate vertical appeals to him the most. Moreover, he also finds the Hospitality industry fascinating as it gives him an opportunity to meet people from different countries and industries.

Mr. Bhanu Choudhrie was schooled in India and completed his Masters in International Business and Marketing from Boston University (US). In 1999, he did his internship at JP Morgan and soon after, realized that London had a pool of opportunities with new business ventures to look at. He then shifted to London with the understanding that this decision to step into the corporate sphere will be challenging. However, in one of his recent interviews, he did mention that that was the most interesting period of his life.

Mr. Bhanu Choudhrie’s sincerity and passion for his work earned him the prestigious ‘Asian Entrepreneur of the Year’ award. Besides being a successful entrepreneur, he is a kind-hearted person as well. He runs a charitable institution known as the ‘Path To Success’, which was established by his mother. His entire family has also been actively involved in funding several charitable foundations and this has been an inherent trait of the family.

Bhanu Choudhrie as a Sports enthusiast

Mr. Bhanu Choudhrie is an Indian-born entrepreneur of global fame. He did his schooling in Delhi and successfully completed his Masters in International Business and Marketing from the University of Boston, United States. Since a fairly young age, he has had a keen interest in sports and was constantly encouraged to participate in sports events at school and college. He also represented his school at the regional level in athletics. Even today, in his free time, he enjoys playing golf, basketball, and horse riding.

Having been a keen sportsman in his youth, Mr. Bhanu Choudhrie thoroughly respects the spirit of sports while being a firm believer in the gaming essence. He believes that sports is the best way to learn the right balance between taking pride in your achievements and being modest while respecting fellow players. The true form and essence of a team spirit are realized through sports. The understanding of these philosophies adds to the crux of business as well and enables a person to be determined towards achieving his goals.

Sports enable a person to be competitive and even endure losses at times. It gives the person the ability to accept loss and reclaim his determination to achieve his objectives. Mr. Bhanu Choudhrie, as a keen sportsman, believes that sports enable an individual to combat the hindrances of competition and failures and to return with resilience.

Mr. Bhanu Choudhrie has progressively stamped his mark as an astute entrepreneur and investment banker. He was awarded the Entrepreneur of the Year at the Asian Voice Political and Public Life Awards in 2008. Later, he was appointed as the Non-Executive Director of the Board of Commonwealth Games, England. Furthermore, his image as a successful global entrepreneur and remarkable investment banker will provide the impetus to raise required funds and attract investments for the forthcoming 2014 and 2018 CWG.

He is earnestly looking forward to the Glasgow Commonwealth Games to be held in 2014. He said “The legacy left by the 2012 London Olympics needs to be carried forward to the 2014 Commonwealth Games in Glasgow. This is the best time, as people are enthusiastic and euphoria has been built up by the Olympics in London.” He frames his agenda by prioritizing fund-raising for the upcoming Glasgow event and has devised a perfect strategy to direct expenditure accordingly, while also ensuring cash conservation.