BMTX), named winner of the Fintech Nexus 2023 “Leader of the Year” award
Sidhu joins industry leaders to also address panel discussions at Fintech Nexus USA on changing the roadmap for Embedded Finance Innovation
RADNOR, Pa., 10 May 2023 /PRNewswire/ — BM Technologies, Inc. (NYSE American: BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, announced that Luvleen Sidhu, Chairman, CEO and Founder, has been recognized as Fintech Nexus 2023 “Leader of the Year”.
The Fintech Nexus award ceremony took place in New York City at the Javits Center this morning, where Luvleen was presented with the award. Fintech Nexus hosted its seventh annual awards ceremony to honor the world’s leading fintech influencers and innovators in 10 unique categories.
Sidhu will also speak at Fintech Nexus USA at the Javits Center on May 11 on noon EST. She will participate in a panel discussion entitled “Are we moving to a world dominated by embedded finance?” The panelists include Alecia ChenEVP of Operations & General Counsel of Climb Credit, Sankaet Pathak, Founder and CEO of Synapse Financial Technologies, and Simran Singh, SVP, Banking-as-a-Service (BaaS) at Green Dot. Denada Ramnishta, CEO of Klyme will moderate the panel.
The Fintech Nexus Executive of the Year award is given to a senior executive who has demonstrated outstanding leadership, integrity, performance and team building within their company, while helping to advance the industry. It is a celebration of the industry, for the industry, by the industry.
Luvleen was chosen as the winner of this prestigious award by five recognized finalists, including Zach PerrettCEO and co-founder of Plaid, Chris Brittfounder and CEO of Chime, Rania SucarCEO of Intuit Mailchimp, and Jennifer Tescher, founder and CEO of the Financial Health Network. The judging panel consists of a diverse group of executives and experts in the banking and lending industry from companies such as Prosus Ventures, Team 8, Sutton Payments Division and BankTech Ventures. This award is a testament to Luvleen’s leadership and the continued growth and innovation demonstrated by BMTX, one of the first listed neo-bank fintechs in the country. As a woman in a male-dominated industry, Sidhu was the youngest woman to take a company public at the time of its IPO.
“I am truly grateful to be honored with the Fintech Nexus Executive of the Year 2023 award,” said Luvleen Sidhu, Chairman, CEO and Founder of BMTX. “The finalists in this category represent admired leadership from a group of inspiring companies, and it is a privilege to be among them. This year has been pivotal for the company. We started 2023 with a new banking partnership with First Carolina Bank (FCB) ) for our higher education business, a two-year renewal of our existing and largest BaaS partnership, and a new deposit service agreement with Customers Bank for our existing and largest BaaS partnership. October 2022announced a partnership with Helix to provide comprehensive embedded banking solutions for consumer brands, combining Helix’s embedded finance platform and banking partnership with BM Technologies’ award-winning app development and program management services.”
A member of the Young Presidents’ Organization (YPO), Sidhu is passionate about mentoring women and empowering entrepreneurs to bring new fintech technologies to market. She is also the founder of the BMTX Foundation and its annual Financial Empowerment Scholarship offered to an outstanding undergraduate or graduate student who is on the track and shaking up financial empowerment.
Launched in 2015, BMTX is one of America’s largest digital financial services platforms and a pioneer in the BaaS sector, driving fintechs and brands to expand access to digital banking products through its award-winning technology.
“BaaS fintech opportunities continue to expand and I am excited to speak on the topic of embedded finance at Fintech Nexus. We remain nimble as we position BMTX for the next level of growth. We look forward to a future of acceleration for our customers, shareholders and the industry by the way,” Sidhu said.
About BM Technologies, Inc.
BM Technologies, Inc. (NYSE American:BMTX) – formerly known as BankMobile – is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial well-being. It is focused on technology, innovation, user-friendly products and education with the mission of empowering millions of Americans financially by providing a more affordable, transparent and consumer-friendly banking experience. BM Technologies, Inc. (BMTX) is a technology company and is not a bank, meaning it provides banking services through its partner bank. More information can be found at www.bmtx.com.
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SOURCE BM Technologies, Inc.
