RADNOR, PA / ACCESSWIRE / September 14, 2022 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced that Luvleen Sidhu, Chair, CEO, and Founder, was selected as a finalist in the Director of the Year category for the US Fintech Awards 2022. Now in its second year, the US Fintech Awards recognizes the achievements and success of America's FinTech leaders and is a benchmark by which financial services modernization and technological progress are judged.
Sidhu was selected by an independent panel of experts in the financial services industry from organizations such as the Financial Technology Association, NYC FinTech Women, InsurTech New York, and more. Other companies and organizations represented as 2022 finalists in this category include the Fintech Open Source Foundation (FINOS), Fundbox, Tresl, and Octane.
As a woman in a male-dominated industry, Sidhu was the youngest female to ever take a company public at the time of its listing, and BM Technologies (BMTX) is one of the first publicly traded neobanking fintechs. She aspires to help Americans achieve financial stability, engaging the millions of unbanked and underbanked individuals in the U.S. Many of these people are locked out of the system by monthly fee requirements and have an inherent skepticism of traditional banks. By offering a low-fee, digital banking platform focused on technology and financial empowerment, BMTX aims to provide an alternative.
"I am honored to be a finalist amongst industry leaders for the US Fintech Awards," said Luvleen Sidhu, Chair, CEO, and Founder of BMTX. "This has been a pivotal year for BMTX. We recently announced that we signed a contract with a significant new BaaS partner, and we are looking forward to completing our merger with First Sound Bank to become a true fintech bank. I am looking forward to what is to come for the remainder of 2022 and as we lead into 2023."
Finalists were selected based on their leadership abilities and contribution to their organization's growth, dedication to clients, how they contribute to the development and welfare of their staff, and their reputation and broader impact in the fintech sector.
Winners will be announced during a live streaming awards ceremony at 4 p.m. ET on Sept. 15th. To register for the awards ceremony, please visit User Registration - US FinTech Awards.
Launched in 2015, BMTX is one of America's largest digital financial services platforms, with approximately two million accounts. BMTX is on a mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer friendly banking experience. BMTX is a pioneer in the BaaS sector, powering non-banks to expand access to digital banking products through its award-winning technology.
About BM Technologies, Inc.
BM Technologies, Inc. (NYSE American: BMTX)-formerly known as BankMobile-is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. The BM Technologies (BMTX) digital banking platform employs a multi-partner distribution model, known as "Banking-as-a-Service" (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners, and business. BM Technologies (BMTX) currently has approximately two million accounts and provides disbursement services at approximately 750 college and university campuses (covering one out of every three college students in the US). BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner bank. More information can also be found at www.bmtx.com.
BMTX recently announced the signing of a definitive agreement to merge with First Sound Bank, a Seattle, Washington-based business bank. The combined company will be a fintech-based bank focused on serving customers digitally nationwide. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2022.
SOURCE: BM Technologies, Inc.