Customers Bank Deepens Commitment to Cryptocurrency and Digital Asset Clients with Team Recruitment

2022-1-11 07:17

Customers Bank, a top 100 digital forward commercial and consumer bank with approximately $19.1 billion in assets and the subsidiary of Customers Bancorp, Inc. has made large-scale, strategic investments to broaden the depth and expertise of its Digital Asset Banking Team that supports the needs of commercial cryptocurrency and digital asset institutions. Recently, seven key industry experts joined Customers Bank bringing a wealth of knowledge working in the crypto space at Silvergate Capital, the first financial institution to service the digital asset ecosystem. The new team members include professionals across business development, technology, onboarding, payments, BSA and compliance, signifying Customers Bank’s commitment to serving all the needs of digital asset clients.

“We made the commitment to be one of the top financial institutions serving commercial cryptocurrency and digital asset institutions and we understand all requirements, pitfalls and the possibilities for crypto customers,” stated Sam Sidhu, President and Chief Executive Officer of Customers Bank. “These clients require a financial partner that has the technology and agility to scale with their requirements throughout the entire ecosystem, not just in one or two aspects of their business.”

Sidhu added, “Our investment in building out the best crypto and digital asset team signals we are a serious participant in this space and committed to this business line for the long term. The corresponding increase in our share price since the launch of our Customers Bank Instant Token (CBITTM) is helping us drive and return value to our investors.”

Customers Bank recruited Robb Layfield as Managing Director, Digital Assets and Dan Devine as Senior Vice President, Digital Asset Product Development, along with five other digital asset bankers to round out the existing team and expand on the bank’s broad coverage of the crypto industry. This investment furthers the relationships with these clients, and the technology and payments team will help accelerate their success.

“We continue to invest in the crypto vertical, signaling our commitment and desire to rapidly grow this business,” added Christopher Smalley, Managing Director and Head of Digital Banking at Customers Bank. “We have had a successful soft launch of CBITTM in the fourth quarter of 2021 led by $1.5 billion of non-interest bearing deposit growth, which was limited to 25 commercial clients. In the first quarter of 2022, we will continue expanding our crypto and digital asset customers base, the products that serve them, and our associated deposits.”

Customers Bank will report further on the adoption and success of its own branded CBITTM on the TassatPay platform, to convey U.S. Dollars between commercial banking customers, during its fourth quarter earnings report.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

customers bank digital assets billion approximately subsidiary

customers bank → Результатов: 126


Canadian bitcoin platform Shakepay introduces new Visa prepaid card

CryptoNinjas » Canadian bitcoin platform Shakepay introduces new Visa prepaid card Shakepay, a Montreal-based platform that allows Canadians to buy, sell, and send bitcoin, announced today that it has partnered with Marqeta, a card issuing platform, to power the launch of a new Visa prepaid card for Shakepay customers, issued by Marqeta’s sponsoring financial institution People’s Bank.

2021-4-22 00:17


We’re Not A Bank & Don’t Want To Compete With Them: Microsoft President On Fintech Companies Issuing Currencies

Brad Smith says governments are best placed for that role. Meanwhile, the company is asking its Xbox customers about Bitcoin as a payment method. The post We’re Not A Bank & Don’t Want To Compete With Them: Microsoft President On Fintech Companies Issuing Currencies first appeared on BitcoinExchangeGuide.

2021-3-26 19:05


Фото:

Canadian Bank Seizes $3,000 from Scam Victim’s Account to Reimburse Itself

Canada’s Scotiabank has helped itself to $3,000 (CAD) from one of its customers’ accounts after he fell victim to a job recruitment scam. Justin Smith of Toronto, who is a longtime customer of Tangerine – Scotiabank’s online subsidiary – has spoken about his ordeal with the bank in a story that illustrates the pitfalls of … Continued The post Canadian Bank Seizes $3,000 from Scam Victim’s Account to Reimburse Itself appeared first on BeInCrypto.

2020-11-24 10:38


Фото:

Belarus: Belarusbank Unveils Bitcoin Purchase Service, Ether and Litecoin Support to Follow

A major Belarus bank plans to offer bitcoin (BTC) purchases. Plans to Add Support for Other Cryptocurrencies In an official announcement made today, one of the largest credit institutions in Belarus, Belarusbank stated that it had inked an alliance with OTC broker White Bird to give customers the option to buy bitcoin directly from theRead MoreRead More.

2020-11-18 14:00


Фото:

300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING

A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest […] The post 300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING appeared first on Bitcoin News.

2020-11-16 01:30


Belarus’ Largest Bank, Belarusbank, Is Launching Crypto Exchange Service

Belarusbank, the largest bank of Belarus, is the latest one to announce that it will provide its customers the opportunity to buy and sell cryptocurrencies using Visa payment cards. According to a recent report, the crypto trading service will be allowed against the fiat currencies, including the Belarusian ruble, the euro, and the US dollar.

2020-11-16 15:41


Coinbase Commerce Attempts at ‘Be Your Own Bank’ & Launches a Self-Custody Crypto Wallet

Coinbase has released Coinbase Commerce to allow businesses and merchants to accept cryptocurrencies. “With Coinbase Commerce, we’re building the most trusted and secure way for merchants anywhere in the world to accept cryptocurrency payments, and in turn, enabling more ways for customers to spend their crypto,” said John Zettler, Senior Product Manager at Coinbase.

2020-10-14 23:54