Ascendion and Axos Bank Partner to Revolutionize Digital Banking
Ascendion and Axos Bank (NYSE: AX) have announced a strategic partnership to transform high-net-worth digital banking through the Zenith platform. The collaboration aims to enhance Axos' multi-entity solution that provides accounting, cash management, bill pay, payroll, and integrated banking services, primarily serving the entertainment industry.
The partnership will leverage AI-powered engineering systems to deliver hyper-personalized customer experiences, accelerate market share growth, and streamline operational processes. Key features include self-healing algorithms for improved uptime, predictive analytics, and AI-enhanced development using Ascendion's AVA+ platform.
The modernized platform will focus on creating a standardized architecture, implementing AI-enhanced features, and increasing developer productivity while reducing time and costs for business managers' daily operations.
Ascendion e Axos Bank (NYSE: AX) hanno annunciato una partnership strategica per trasformare la banca digitale per clienti ad alto patrimonio attraverso la Zenith platform. La collaborazione mira a migliorare la soluzione multi-ente di Axos, che offre servizi di contabilità, gestione della liquidità, pagamento delle fatture, stipendi e servizi bancari integrati, con particolare attenzione all'industria dell'intrattenimento.
La partnership sfrutterà sistemi di ingegneria alimentati da AI per fornire esperienze clienti iper-personalizzate, accelerare la crescita della quota di mercato e semplificare i processi operativi. Le caratteristiche principali includono algoritmi di auto-guarigione per migliorare l'uptime, analisi predittive e sviluppo potenziato dall'AI utilizzando la piattaforma AVA+ di Ascendion.
La piattaforma modernizzata si concentrerà sulla creazione di un'architettura standardizzata, sull'implementazione di funzionalità potenziate dall'AI e sull'aumento della produttività degli sviluppatori, riducendo al contempo i tempi e i costi per le operazioni quotidiane dei manager aziendali.
Ascendion y Axos Bank (NYSE: AX) han anunciado una asociación estratégica para transformar la banca digital para clientes de alto patrimonio a través de la plataforma Zenith. La colaboración tiene como objetivo mejorar la solución multi-entidad de Axos, que ofrece servicios de contabilidad, gestión de efectivo, pago de facturas, nómina y servicios bancarios integrados, principalmente para la industria del entretenimiento.
La asociación aprovechará sistemas de ingeniería impulsados por IA para ofrecer experiencias de cliente hiperpersonalizadas, acelerar el crecimiento de la cuota de mercado y optimizar los procesos operativos. Las características clave incluyen algoritmos de auto-reparación para mejorar el tiempo de actividad, análisis predictivos y desarrollo mejorado por IA utilizando la plataforma AVA+ de Ascendion.
La plataforma modernizada se centrará en crear una arquitectura estandarizada, implementar características mejoradas por IA y aumentar la productividad de los desarrolladores, al tiempo que reduce el tiempo y los costos para las operaciones diarias de los gerentes de negocios.
Ascendion과 Axos Bank (NYSE: AX)는 Zenith 플랫폼을 통해 고액 자산 디지털 은행을 혁신하기 위한 전략적 파트너십을 발표했습니다. 이 협업은 주로 엔터테인먼트 산업을 대상으로 하는 회계, 현금 관리, 청구서 지불, 급여 및 통합 은행 서비스를 제공하는 Axos의 다중 엔터티 솔루션을 강화하는 것을 목표로 합니다.
파트너십은 AI 기반 엔지니어링 시스템을 활용하여 하이퍼 개인화된 고객 경험을 제공하고, 시장 점유율 성장을 가속화하며 운영 프로세스를 간소화할 것입니다. 주요 기능으로는 가동 시간을 개선하는 자가 치유 알고리즘, 예측 분석 및 Ascendion의 AVA+ 플랫폼을 사용한 AI 강화 개발이 포함됩니다.
현대화된 플랫폼은 표준화된 아키텍처를 구축하고 AI 강화 기능을 구현하며 개발자의 생산성을 높이는 동시에 비즈니스 관리자 일상 운영의 시간과 비용을 줄이는 데 중점을 둘 것입니다.
Ascendion et Axos Bank (NYSE: AX) ont annoncé un partenariat stratégique pour transformer la banque numérique pour les clients fortunés grâce à la plateforme Zenith. Cette collaboration vise à améliorer la solution multi-entité d'Axos, qui propose des services de comptabilité, de gestion de trésorerie, de paiement de factures, de paie et de services bancaires intégrés, principalement pour l'industrie du divertissement.
Le partenariat tirera parti de systèmes d'ingénierie alimentés par l'IA pour offrir des expériences client hyper-personnalisées, accélérer la croissance de la part de marché et rationaliser les processus opérationnels. Les fonctionnalités clés incluent des algorithmes d'auto-réparation pour améliorer le temps de disponibilité, des analyses prédictives et un développement amélioré par l'IA utilisant la plateforme AVA+ d'Ascendion.
La plateforme modernisée se concentrera sur la création d'une architecture standardisée, l'implémentation de fonctionnalités améliorées par l'IA et l'augmentation de la productivité des développeurs tout en réduisant le temps et les coûts pour les opérations quotidiennes des gestionnaires d'entreprise.
Ascendion und Axos Bank (NYSE: AX) haben eine strategische Partnerschaft angekündigt, um das digitale Banking für vermögende Kunden über die Zenith-Plattform zu transformieren. Die Zusammenarbeit zielt darauf ab, die Multi-Entity-Lösung von Axos zu verbessern, die Buchhaltungs-, Cash-Management-, Rechnungszahlungs-, Lohn- und integrierte Bankdienstleistungen anbietet, hauptsächlich für die Unterhaltungsbranche.
Die Partnerschaft wird KI-gesteuerte Ingenieursysteme nutzen, um hyper-personalisierte Kundenerlebnisse zu liefern, das Wachstum des Marktanteils zu beschleunigen und die Betriebsabläufe zu optimieren. Zu den Hauptmerkmalen gehören selbstheilende Algorithmen zur Verbesserung der Betriebszeit, prädiktive Analysen und KI-unterstützte Entwicklung mit der AVA+-Plattform von Ascendion.
Die modernisierte Plattform wird sich auf die Schaffung einer standardisierten Architektur, die Implementierung KI-verbesserter Funktionen und die Steigerung der Entwicklerproduktivität konzentrieren, während gleichzeitig die Zeit und die Kosten für die täglichen Abläufe der Geschäftsleiter gesenkt werden.
- Partnership enables market share expansion through differentiated product offering
- Implementation of AI technology to reduce operational costs and improve efficiency
- Platform modernization to enhance service delivery and customer experience
- Integration of self-healing algorithms to ensure better system uptime
- None.
Insights
This strategic partnership marks a significant pivot in Axos Bank's competitive positioning within the high-net-worth digital banking segment. The integration of AI-powered engineering systems into the Zenith platform represents more than a mere technological upgrade - it's a calculated move to capture a lucrative market niche in the entertainment industry.
The implementation of self-healing algorithms and predictive analytics carries three critical implications:
- Operational Efficiency: The self-healing capabilities could substantially reduce system downtime and maintenance costs, potentially improving Axos' cost-to-income ratio
- Market Differentiation: The hyper-personalized platform positions Axos uniquely in the entertainment industry's financial services sector, where complex multi-entity accounting and payment systems are essential
- Scalability Potential: The standardized architecture suggests preparation for significant customer base expansion while maintaining service quality
The focus on business management companies serving the entertainment industry is particularly strategic. This sector typically generates high transaction volumes and requires sophisticated financial management tools, potentially translating into substantial fee income. The turnkey nature of the platform could accelerate client acquisition while reducing onboarding costs.
The partnership's emphasis on AI-enhanced development through Ascendion's AVA+ platform indicates a potential reduction in development cycles and maintenance costs. This could accelerate Axos' time-to-market for new features while maintaining competitive pricing structures.
- 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.
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
About Axos Bank
Axos Financial, Inc., with approximately
View original content to download multimedia:https://www.prnewswire.com/news-releases/ascendion-and-axos-bank-partner-to-revolutionize-digital-banking-302379008.html
SOURCE Ascendion
FAQ
What are the main features of Axos Bank's Zenith platform partnership with Ascendion?
How will the Ascendion partnership benefit Axos Bank (AX) customers?
What technology improvements are planned for Axos Bank's (AX) Zenith platform?
How will the Zenith platform upgrade affect Axos Bank's (AX) market position?
What industries will benefit from Axos Bank's (AX) enhanced Zenith platform?
