The delay has analysts worried that Customers Bancorp will also postpone the sale of BankMobile, which was slated to take place during the first quarter.
Arkadi Kuhlmann, the founder and CEO of the neobank Zenbanx who pioneered branchless banking at ING Direct, explains why he stopped pursuing a bank charter and made a deal with Social Finance.
The acquisition should allow the San Francisco-based online lender to fulfill a long-standing goal: offering a deposit account to its young, upwardly mobile customers.
Customers Bancorp says it expects to announce a deal to divest its BankMobile unit within 60 days. It could be an attractive target for a bank with strong loan demand.
From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.
