America
Indian-origin duo's app to revolutionise banking industry
Washington, Sep 4
A mobile app launched by
Indian-American banker Jay Sidhu and his daughter Luvleen can
revolutionise the global banking industry, a media report said.
Sidhu,
who is the chairman and CEO of US-based Customers Bank, and his
daughter, presented details of their app called BankMobile at an event
of Greater Reading Chamber of Commerce and Industry in downtown Reading
this week, wfmz.com reported.
According to the duo, their app puts everything customers need from a bank at their fingertips.
Tapping
into the technologies that enable experience like shopping online or
using transportation apps like Uber, the app promises that users can
open a free account, deposit checks, pay bills, send money to friends
and receive financial advice in minutes.
Sidhu, who holds
bachelor's in management degree from Banaras Hindu University and an MBA
from Wilkes University, is credited with turning Boston-based Sovereign
Bank into a multi-billion dollar company.
He teamed up with her Harvard-educated daughter to come up with the app.