The new division will be headed by industry veterans Dan Armstrong, who will serve as Chief Digital Officer, and Kirk Barrett, who will serve as Chief Technology Officer.
BankMobile Technologies will maintain and develop new technologies to sustain BankMobile’s edge in the mobile technology space.
"We view ourselves as a technology company with a bank charter. Consumer needs and priorities are changing rapidly and the role of a bank branch is continuing to decline. Opportunities to use technology to provide no-fee effortless banking experiences are enormous," stated Luvleen Sidhu, Chief Strategy & Marketing Officer at BankMobile.
"We intend to remain a highly regulatory compliant and technology-driven bank whose mission is to financially empower our customers."
"As I said at our launch in January, banking has remained stagnant while the rest of the world is in the digital age, and we are proving that we are changing the way the industry operates," stated Jay Sidhu, Chief Executive Officer of Customers Bank and BankMobile.
"With the launch of our new division, we are ensuring to our customers that we are staying at the forefront of the fast-paced world of technology and will continue to provide them with a banking experience unlike any other."
Established in 2014, BankMobile is a division of Customers Bank, with its headquarters in New York.
