Customers Bancorp, a Pennsylvania-based bank with assets worth $4.2bn, is planning to launch a new mobile bank that will be one of Americas’ first virtual banks to be built on mobile platform.

The new mobile bank, with a domain BankMobile.com will be launched in the third quarter of 2014.

Customers Bank CEO and chairman, Jay Sidhu, said they see a tremendous opportunity for a bank to provide simple and user friendly banking services to consumers and small to medium size businesses that charge no hidden fees whatsoever.

"Our research indicates that over 50% of households in the U.S. have not visited a bank branch over the past year. In addition, about 25% of the US population is unbanked or under banked.

"Our new mobile banking platform will complement our ‘high touch supported by high tech’ and ‘single point of contract delivery through private bankers’ strategies and enhance our ability to serve a wider range of customers," Sidhu added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.