BankMobile, the first no-fee online and mobile bank in the US, has launched a new technology unit known as BankMobile Technologies.

The new division has been designed to facilitate maintenance and development of new technologies which would broaden its reach in the mobile technology space.

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It will be led by Dan Armstrong as chief digital officer and Kirk Barrett as chief technology officer.

In a career spanning 20 years, Armstrong has launched mobile banking and payments in Africa, Asia, Europe and South America, and served as co-founder of the world’s first mobile virtual network operator for a Dutch bank, where he headed mobile banking innovation and conducted 16 nation-wide contactless and mobile payments trials.

Earlier, he also had stints at Aspire Ventures, mBank Philippines, Takashi and Rabo Mobiel.

Barrett has over 25 years of experience in developing enterprise products and large-scale internet applications for public as well as private sector firms.

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He previously served as the co-founder of tech start-up Nolinio and chief digital officer of Gannett Company subsidiary Clipper Magazine, as well as founded Microsoft Gold Certified enterprise line-of-business applications consultancy Cimbrian in 2000.

BankMobile CEO Jay Sidhu said: "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.

"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."