BankMobile looks to stand out in a field of digital banking giants Aaron Elstein Growing up in Reading, Pa., Luvleen Sidhu wasn't interested in banking, even though her father owned the local bank—or, perhaps, because he did. "It was dad's job," she said. Her father, Jay Sidhu, an immigrant from New Delhi, turned around the nearly bust Penn Savings Bank and built Sovereign Bancorp. Sovereign had branches from Maryland to Massachusetts, including more than 100 in New York after swallowing up Brooklyn's Independence Community Bank. Then, during the last decade, it was acquired by Spain's Banco Santander for a cool $5 billion. Eventually the industry began to appeal to the banker's daughter. "I learned in business school that it's important to find a problem that...

Millennial Businesswoman Empowering the Underbanked Through Digital Banking Experience Millennial businesswoman Luvleen Sidhu is the Co-Founder, President and Chief Strategy Officer at BankMobile, America’s largest and fastest growing mobile-first bank. BankMobile empowers low-to-middle- income Americans, the underbanked, and millennials with a digital, effortless and financially empowering banking experience. Luvleen launched BankMobile in January 2015 – when she was only 28-years-old – with the understanding that everyone needs financial services, yet it is one of the least customer-centric industries that exists today.  We had a chance to interview Luvleen and asked about her story, how she started her financial business and the future of BankMobile. Tell us your story. Why did you start your business? Shortly after I graduated from Harvard in 2008, I started my...

Every week the show host John Siracusa talks with amazing fintech leaders and entrepreneurs, through conversation uncovers the amazing stories behind them, their creations and the most important topics in fintech. In this episode the host John Siracusa chats with Luvleen Sidhu,  Co-Founder and President of BankMobile.  She started her banking career at Lehman Brothers and on her first day after 6 weeks of training was the beginning of it’s collapse.  Now she’s a co-founder at BankMobile, a company that provides a mobile first banking experience which has 1.6 million accounts and is the offspring of Customers Bank in Pennsylvania. About the host: John is the host of the 2x weekly "Bank On It” podcast recorded onsite at the Carpenter Group offices, which...

From Vision to Execution: Luvleen Sidhu on Changing the World of Banking In 2007, she saw millions of Americans lose everything because of the faulty American Financial System. Immediately, she knew she needed to do something. Join Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer - BankMobile, USA​ in the 4th ASEAN Exec-IT event to gain more insights on the Disruption for Digital Differentiation. In an era where consumer demands are rising and technologies are rapidly disrupting, the secret to survive is hardwork – to some people, at least. For Luvleen Sidhu, Co-Founder, President and Chief Strategy Officer at BankMobile, surviving is not enough, and hardwork is a mere understatement. Her secret to success is her “obsession towards solving customer pain points.” Having...

“Values Are Immutable; However, Culture Can Adapt” An Interview With Co-Founder of BankMobile, Luvleen Sidhu “Values are immutable; however, culture can adapt.” This was a really helpful piece of advice for me given that I’ve struggled with balancing BankMobile’s high growth with having a strong company culture. By understanding that core values are the most important foundation of an organization and recognizing that the culture can adapt over time helped me feel liberated. I now understand that our core values as a company which are based on respect, trust and constant innovation will keep us unified and focused on our objectives and with this solid foundation, the strength of our culture develops over time. I had the pleasure of interviewing Luvleen Sidhu, Co-Founder, President and Chief...

Beyond honored to have been selected as the 2018 33 under 33 winner! Thank you, @StrtupBoost! http://www.33under33.com/past-winners   Luvleen Sidhu '18 Co-Founder, President & Chief Strategy Officer BankMobile I won because: Co-founded the largest and fastest growing digital bank, serving millennials and low- to middle-income Americans with an affordable and tech savvy banking experience Disrupted branch-based banking and, in the process, helped customers save over 100 million dollars in bank fees in the last two years Author of “Why Can’t Banks Be As Easy As Uber,” which became an international bestseller in less than 24 hours  ...