Brilliant week for BankMobile as book tops best-sellers list

‘Why Can't Banks Be as Easy as Uber?: BankMobile and The Real Future of Banking’, by the father-daughter duo and co-founders of BankMobile, Jay and Luvleen Sidhu, reached #1 International Best Seller-status on Amazon as it gained traction in the USA, Australia and Germany Amazon stores in less than a day. Within that time period, the dynamic team also featured on Amazon's Top 100 

Authors list in Business and Money. 

The entire week turned out to be fantastic for the Sidhus as Luvleen was honoured by being named among Bank Innovation’s top 10 “Innovators to Watch” worldwide and BankMobile’s executive team hosted the Investor Day at the Harvard Club in New York which turned out to be a huge success. 

The motive behind writing ‘Why Can't Banks Be As Easy As Uber?’ was to spread awareness as to how the traditional banking system burdens the average American with billions of dollars of fees. The book gives crucial tips to save money in such a system and gives insight into how BankMobile is disrupting the unfair system. 

"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 is ideal for the smartphone generation because of its ease of access and zero fees. 

"...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.

The title of the book is a nod to Uber’s growth in its industry through disruptive and dynamic tactics, something BankMobile is on track to achieve too when it comes to banking. 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 eminent personalities like the founder of London-based C&C Alpha Group, Bhanu Choudhrie.

100% of the proceeds will go to BankMobile Foundation, to support entrepreneurs and students boosting financial literacy within their community groups. 

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

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.

Yet another laurel! Luvleen Sidhu named among Bank Innovation’s Top 10 “Innovators to Watch”

BankMobile, which provides an absolutely fee-free, digital banking experience, revealed that Luvleen Sidhu, Co-Founder and Chief Strategy Officer, was named one of Bank Innovation's top 10 "Innovators to Watch" worldwide. Sidhu ranked number 9 out of 44 innovators on the 2016 list. That’s a staggering rise from last year’s rank 28.

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

"I am delighted to be recognized once again by Bank Innovation for this prestigious list and congratulate my fellow honorees," said Sidhu. "Just this month, we became the largest mobile-first bank in the country with over two million customers, and we look forward to continuing to disrupt the industry. We will always be driven by our mission to help customers achieve financial freedom through our seamless digital banking experience, and look forward to continuing to grow our brand."

The list was chosen by Diana Asatryan, Associate Editor at Bank Innovation. Asatryan states: "In the FI vs tech game, BankMobile can proudly claim to successfully straddle both worlds. Led by Chief Strategy Officer (and millennial) Luvleen Sidhu, the branchless bank aims to win over millennials with Facebook contests, a lifestyle blog, campus trips, and frequent focus groups (comprised of millennials, of course). The strategy seems to be working: BankMobile has just announced of a two-million-customer milestone in less than two years since the official launch.

'My mission here was to create a new standard for banking. We had to really change the model upside down, and deliver a 'wow' experience,' Sidhu told Bank Innovation previously."

Luvleen manages the bank with her father Jay Sidhu, and both of them led BankMobile to 2 million customers in June 2016. It means that BankMobile will rank among the top 25 banks in the country in terms of number of consumer checking accounts. In just 18 months, BankMobile has made excellent innovations such as launching a VIP experience, launched the their app on Apple Watch, being one of the first few banks to do so, rolled out BankMobilist College Brand Ambassador Program, established BankMobile Technologies, launched BMpowered Radio with Ash Cash that features podcasts twice a week, and awarded the first of its Foundation's inaugural Financial Literacy Scholarship.

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.

Banking made easy: BankMobile founders’ book launches to great reception

BankMobile, America’s first absolutely no-fee mobile and online bank, has revolutionised banking with its fee-free model. Founded by the father-daughter duo Jay and Luvleen Sidhu, the bank is helping out millennials save money and get financial knowledge.

To go the extra mile, the Sidhus released their book ‘Why Can’t Banks Be As Easy As Uber? BankMobile And The Real Future Of Banking’ which is a banking guide as well as an insight into the industry. In barely 24 hours after its launch, the book became Amazon #1 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.

This is the latest achievement for the Sidhu family. Luvleen has previously been awarded Lehigh Valley Business Women of Influence - Woman to Watch Honoree in 2016, chosen as the winner of New York Business Journal's Women of Influence Awards in 2016, selected among Auto Finance News’ ‘10 Executives to Watch in Auto Finance’ in 2015, and one of Bank Innovation’s ‘2015 Innovators to Watch,’ and her father Jay has enjoyed commendable success of his own by winning laurels such as 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 plenty more.

Tal Ben-Shahar, New York Times Best-Selling author of Happier commented on the book: What a compelling book! The banking revolution that the Sidhus are proposing is sure to make banking easier—and you happier.
 ‘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.

100% of the book sales will be invested in BankMobile Foundation, whose mission is to support entrepreneurs and students who spread financial literacy among their community.
To buy the book, follow the link: 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.

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.

Congratulations to Paresh Maity for Winning the Editor’s Award

The renowned Indian Artist Paresh Maity became the first recipient of the Editor’s Award at a glittering ceremony celebrating the Eastern Eye Arts, Culture and Theater Awards (ACTAS). Congratulations Paresh! It’s an honor well deserved. The Eastern Eye ACTAs recognize the very best of British South-Asian talent.

I’m proud to say the Stellar International Art Foundation, which was founded by the Choudhrie Family, was one of the first patrons of Paresh Maity. It commissioned him to make early watercolors of their vintage cars after meeting him over his very first exhibition in New Delhi in the 1990s. From this period, the Foundation has taken ownership of much of his oeuvre, including his largest series of watercolors, 57 pieces of Venice.

My mother, Anita Choudhrie, founder of the Stellar International Art Foundation, commented: "Paresh is a man who believes in humanity first and this ACTA award is a testament to that humanist ideal that inspires everything he does. It goes without saying that this shows through in his creativity of colors and ingenuity on canvas. Paresh's spontaneity and imagination are vast and unique, and no doubt have helped him win professional and complimentary accolades across India and now internationally."

British actor and film-maker Hamza Jeetooa presented the special ACTA award to Paresh, which recognized him for his achievements as an global artist and his profound contributions to the art community. Hamza said: "Paresh Maity is one of the leading contemporary artists of his time and is regarded as India’s leading water color painter – from a humble background not far from Kolkata, he was initially self-taught but slowly began to establish a strong reputation. His water and boats series brought him to the attention of the art community in India and since then he has gone onto become one of India’s most important painters."

 In response, Paresh said that art represented a way of exploring the borders between cultures through color, celebrating the many facets of life from different perspectives.  “Winning this award is an incredible experience. I have always been inspired by our world of colors,’ he said. “My travels, which have taken me to many new countries, form an integral part of my life and my art. Our world is diverse and we need to celebrate that diversity – the way our individual and social lives intersect and bring vibrancy to the world.”

Paresh has long been for his vibrant, colorful paintings that have been displayed across the world and in some of the most prestigious private and public collections. These include the British Museum, the National Gallery of Modern Art in New Delhi, and the Vatican Embassy in New Delhi.

Paresh’s other accolades include the All India Fine Arts and Crafts Society Award for Best Watercolor painting, the Award for Outstanding Painting from Birla Academy of Art and Culture, the British Council Visitorship Award, Royal Watercolor Society Award the Dayawati Modi Award for Art, Culture and Education and most recently the Padmai Shri Award from the Government of India.

Stellar International Art Foundation was established in 2008 and took as its basis the private collection of the Choudhrie family. The Foundation comprises over 600 works by an array of Indian and Western Contemporary artists ranging from painting to sculpture. The collection began in the 1970s when the Choudhrie family began to purchase works of art. This led to relationships with some of India’s most important contemporary artists including M F Husain, Paresh Maity and Jayasri Burman. The Foundation seeks to promote artists within the collection through international exhibition, loans, publications and events.