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The digital-only offshoot of Customers Bank combines edgier technology like letting consumers snap photos of their driver's license to open accounts with a new business model that counts on interchange revenue rather than fees.
January 20 -
Digital upstarts are out to steal traditional banks' customers by taking the hassle out of everything from account opening to borrowing. Its tough to compete with banks' resources and brand recognition, but these new mobile competitors are adamant that they can win on customer experience.
April 27 -
The fraud detection services provider Feedzai has raised $17.5 million in its Series B financing round.
May 18 -
VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.
May 20
Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.
The $7 billion-asset company's
Customers, in Wyomissing, Pa., decided to launch the service after doing market research through crowdsourcing, said Luvleen Sidhu, chief strategy and marketing officer at BankMobile. The product will be targeted toward millennials and middle-income households.
