New York, NY, Jan. 24, 2018 (GLOBE NEWSWIRE) -- BankMobile, a division of Customers Bank, and America’s largest and fastest growing mobile-first bank, today announced that Bob Savino has joined as Chief Product Officer. In his new role, Savino will work closely with company executives to oversee the strategy and execution of product and technology innovation, development and distribution. He will be responsible for B2C innovation, B2B2C distribution, and the transformation of existing businesses to align with BankMobile’s strategy. Savino will be based in the Philadelphia region.
“Bob has held many influential roles in the fintech and technology industries throughout his career and we are delighted to welcome him to our team,” stated Luvleen Sidhu, President, Co-Founder and Chief Strategy Officer at BankMobile. “We are always striving to be the most simple, affordable, financially-empowering bank and we look forward to further disrupting the industry with Bob’s great mix of large bank and startup experience.”
“BankMobile’s business model to distribute affordable and differentiating digital banking products as part of natural customer moments with existing businesses is a great idea that I have a passion for and experience with” stated Savino. “I am thrilled to be working alongside Luvleen and the rest of the team to continue to build the most innovative banking platform for customers.”
Savino will also be hiring a world-class fintech product development team in Radnor, PA to continue the development of BankMobile’s Banking as a Service Platform.
Prior to his current position, Savino was President of FinVention Services, which provided executive management consulting with a focus on digital banking strategy and execution. He previously served as Chief Technology Officer at Moven, where he oversaw the design, execution and operations of the startup and distributed an award-winning banking product to multiple countries at scale. Savino was also Managing Director at LiquidHub, where he led a digital banking strategy practice and previously held roles at JPMorgan Chase and ICG Commerce.
Savino holds a Bachelor of Science degree in Computer Engineering from Pennsylvania State University and multiple business and technology certifications from The Wharton School, Darden School of Business, Princeton University and Stanford University.
With approximately two million depositors serviced, BankMobile is the largest mobile-first bank in the country in terms of number of consumer checking accounts. It is also likely in the Top 25 banks in the country in terms of number of consumer checking accounts serviced.
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Established in 2015, BankMobile, a division of Customers Bank, is America’s largest mobile-first bank, offering fee-free checking and savings accounts. It provides target customers – millennials, the underbanked and middle income households with a digital, effortless, and financially empowering experience. BankMobile offers checking, savings, lines of credit, joint accounts and access to over 55,000 surcharge-free ATMs nationwide (BankMobile VIP customers have free access to every ATM in the country, which is more than 400,000 ATMs), a guaranteed higher savings rate than the top four banks in the nation, a personal banker for all customers, and a free financial advisor for VIP customers. BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank. For more information, please visit www.bankmobile.com.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/875cee44-9686-42c5-b14d-f84f455ac23e
Kati Bergou BankMobile (212) 805-3014 firstname.lastname@example.org