WEST READING, PA — Customers Bank, a subsidiary of Customers Bancorp (NYSE: CUBI), revealed that its internally developed cubiX payments platform supported the onboarding of mortgage-sector clients projected to generate about $50 billion in transaction volume as the lender expands its presence in real-time payments infrastructure.
The company released the figures while announcing that cubiX received a Silver Stevie Award in the Achievement in Product Innovation category at the 24th Annual American Business Awards.
According to Customers Bank, cubiX gives commercial clients access to traditional payment systems including wire transfers and ACH alongside instant-payment networks such as RTP, FedNow, and the bank’s internal real-time payments network.
The platform has become increasingly integrated into digital asset and commercial banking operations while contributing to growth in non-interest-bearing deposits, the bank indicated.
“cubiX represents what’s possible when you build technology with a clear purpose: making it easier for clients to move money seamlessly, securely, and on their terms,” Sam Sidhu, president and chief executive officer of Customers Bank, said in a statement.
The American Business Awards received more than 3,600 nominations this year across multiple industries and business categories, according to the organization.
Gold, Silver, and Bronze Stevie Award recipients are scheduled to be recognized at a ceremony in New York City on June 9.
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