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Ascendion and Axos Bank Forge Innovative Partnership

In a significant stride towards redefining the digital banking landscape, Ascendion, a frontrunner in AI-driven software engineering, has teamed up with Axos Bank, the prominent subsidiary of Axos Financial, Inc. This collaboration aims to revolutionize high-net-worth banking through enhanced customer experiences, leveraging the state-of-the-art Zenith platform.

Enhancing the Zenith Platform with AI

Ascendion's integration of AI technologies into Axos Bank's Zenith platform brings a fresh perspective on banking solutions. Zenith, a comprehensive multi-entity platform, encompasses accounting, cash management, bill payment, payroll, and relationship management, tailored for business management companies in the entertainment sector. By automating these functions, clients will experience a significant reduction in time spent on bookkeeping and payment processing.

David Park, Executive Vice President and Head of Axos Commercial Bank, commented on this pivotal partnership: “As a pioneer in digital banking, Axos continuously invests in improving our customer experience. Our collaboration with Ascendion will accelerate our efforts to modernize banking for business managers, family offices, and their clients - merging advanced technology with exceptional service.”

Understanding the Benefits

The Zenith platform is designed not just for efficiency but also to deliver substantial benefits to its users and their clients:

1. Hyper-Personalized Experiences: Utilizing AI and predictive analytics, the platform will facilitate seamless, intuitive interactions for clients, transforming the way they manage their finances.
2. Market Growth: The adaptable technology of Zenith will empower Axos to establish a competitive edge in the market by providing differentiated offerings.
3. Economic Efficiency: By streamlining operational processes, the platform will reduce both the time and costs associated with daily business management tasks.

Marc Kantor, Senior Vice President and Head of Commercial Operations Technology at Axos Bank, expressed his enthusiasm: “We are thrilled to partner with Ascendion to create a platform that will set a new standard for the digital banking experience. Ascendion's expertise and commitment to innovation are incredibly promising, and we look forward to the positive business impacts this partnership will yield.”

Future-Focused Innovations

The two teams from Axos and Ascendion are set to deliver innovations, including:

• - Modernized Architecture: A uniform structure fine-tuned to the requirements of emerging clientele.
• - AI-Enhanced Features: Smart functionalities that promise seamless experiences for customers.
• - Self-Healing Algorithms: Designed to ensure optimal uptime and efficiency.
• - Increased Developer Productivity: Leveraging Ascendion’s AVA+ platform consisting of AI agents to boost productivity in development and delivery.

Karthik Krishnamurthy, CEO of Ascendion, highlighted the partnership’s broader impact: “This collaboration emphasizes not just technological advancements but also a commitment to transforming lives through agentic AI. Together with Axos Bank, we are charting a future where banking is faster, smarter, and more human-centric.”

About Ascendion

Ascendion stands as a leader in the domain of AI-powered software engineering solutions, aiding businesses in expediting their innovations, ensuring smarter operations, and making a significant impact. Partnering with over 400 Global 2000 companies across North America, the Asia-Pacific, and Europe, they tackle complex challenges through advanced applications of AI, cloud solutions, and transformative workforce strategies.

About Axos Bank

Axos Financial, Inc., with roughly $23.7 billion in consolidated assets as of the end of 2024, is the parent company of Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. The bank is recognized for its low-cost distribution channels and comprehensive banking products available nationwide, including digital investment advisory services and securities clearing offerings.

The collaboration marks a robust step forward in not only enhancing the banking experience for high-net-worth clients but also in showcasing the potential of AI tools in redefining traditional banking procedures.