- AI-driven transformation of Axos Bank's high-net-worth
financial platform to redefine customer experiences and operational
efficiencies.
- Cutting-edge solutions like self-healing algorithms and
predictive analytics for an agile, scalable, and secure banking
future.
- Redefining digital banking with hyper-personalized
experiences, exponential customer growth, and accelerated financial
impact.
BASKING
RIDGE, N.J. and SAN
DIEGO, Feb. 19, 2025 /PRNewswire/
-- Ascendion, a trailblazer in AI-driven software engineering,
is proud to announce it has partnered with Axos Bank, the
nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX). The
partnership will redefine high-net-worth banking and accounting by
delivering improved customer experiences on Axos Bank's Zenith
platform.
Ascendion will leverage its AI-powered engineering systems for
Zenith – a multi-entity, all-in-one solution for accounting, cash
management, bill pay, payroll, relationship management, and
integrated banking – that supports business management companies
serving the entertainment industry. The partnership will create a
dynamic, turnkey platform that saves Axos client's time by
streamlining bookkeeping and payments functions.
"As a pioneer in digital banking, Axos continuously invests in
improving our customer experience," said David Park, EVP, Head of Axos Commercial Bank.
"Our partnership with Ascendion will accelerate our efforts to
modernize banking for business managers, family offices, and their
clients - blending cutting-edge technology with exceptional
service."
Axos' Zenith platform is designed to deliver significant
benefits to users and their end clients.
- Hyper-personalized customer experiences: AI and
predictive analytics will craft seamless, intuitive interactions
that redefine how clients engage with their finances.
- Accelerated growth: Zenith's turnkey technology platform
will allow Axos to gain market share by offering a differentiated
product.
- Compelling Economic Value: The new platform will
streamline processes and reduce the time and costs for business
managers to perform their day-to-day tasks.
"We are thrilled to partner with Ascendion to create a platform
that will set a new standard for the digital banking experience,"
said Marc Kantor, SVP, Head of
Commercial Operations & Technology at Axos Bank and COO of
Zenith Information Systems. "Ascendion's expertise and commitment
to innovation are evident, and we are excited about the business
outcomes this partnership will deliver."
The Axos and Ascendion teams will work together to deliver:
- A modern, standardized architecture tailored to the needs of
tomorrow's clients;
- AI-enhanced features for seamless customer experiences;
- Self-healing algorithms that ensure unparalleled uptime and
performance;
- AI- enhanced development and delivery – leveraging Ascendion's
AVA+ platform of AI agents – to increase developer
productivity.
"This partnership isn't about technology alone—it's about
changing lives with agentic AI. Together with Axos Bank, we're
charting a course for a future where banking is faster, smarter,
and infinitely more human," said Karthik
Krishnamurthy, CEO at Ascendion. "We're grateful for the
trust placed in us by Axos Bank leaders. This partnership with Axos
Bank illustrates Ascendion's commitment to bring Engineering to
the Power of AI to clients, and it aligns with our mission
to positively impact lives with technology."
About Ascendion
Ascendion is a leading provider of
AI-powered software engineering solutions that help businesses
innovate faster, smarter, and with greater impact. We partner with
over 400 Global 2000 clients across North
America, APAC, and Europe
to tackle complex challenges in applied AI, cloud, data, experience
design, and workforce transformation. Powered by +11,000 experts, a
bold culture, and our proprietary Engineering to the Power of AI
(EngineeringAI) approach, we deliver outcomes that build
trust, unlock value, and accelerate growth. Headquartered in
New Jersey, with 40+ global
offices, Ascendion combines scale, agility, and ingenuity to
engineer what's next. Learn more at ascendion.com.
About Axos Bank
Axos Financial, Inc., with
approximately $23.7 billion in
consolidated assets as of December 31,
2024, is the holding company for Axos Bank, Axos Clearing
LLC, and Axos Invest, Inc. Axos Bank provides consumer and business
banking products nationwide through its low-cost distribution
channels and affinity partners. Axos Clearing LLC (including its
business division Axos Advisor Services), with approximately
$37.7 billion of assets under custody
and/or administration as of December 31,
2024, and Axos Invest, Inc., provide comprehensive
securities clearing services to introducing broker-dealers and
registered investment advisor correspondents, and digital
investment advisory services to retail investors, respectively.
Axos Financial, Inc.'s common stock is listed on the NYSE under the
symbol "AX," and is a component of the Russell 2000® Index, the
S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology
Index, and the Travillian Tech-Forward Bank Index. For more
information regarding Axos Bank, please
visit http://www.axosbank.com.
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SOURCE Ascendion
