Online banks

Media Advisory: CDIC 2020 Annual Public Meeting – Improving deposit insurance to better protect Canadians’ savings 

Retrieved on: 
Monday, August 10, 2020
Financial services, Banking, Finance, Bank regulation, CDIC, Insurance, Deposit account, Deposit insurance, Online banks, Canada Deposit Insurance Corporation

OTTAWA, Aug. 10, 2020 (GLOBE NEWSWIRE) -- On Tuesday, August 11,2020, CDIC will hold its Annual Public Meeting.

Key Points: 
  • OTTAWA, Aug. 10, 2020 (GLOBE NEWSWIRE) -- On Tuesday, August 11,2020, CDIC will hold its Annual Public Meeting.
  • The bilingual meeting will highlight how CDICs recent changes have improved deposit insurance.
  • Peter Routledge, Presidentand CEO of CDIC,will bejoined byRobert Sanderson, Chair of the Board of Directors, and Chantal Richer, Chief OperatingOfficer.
  • They will be speaking about how deposit insurance protects Canadians savings, the recent improvements to deposit protection, and how CDIC is reaching out to Canadians to promote financial stability.

ING posts 2Q2020 net result of €299 million

Retrieved on: 
Thursday, August 6, 2020
Companies, Financial services, Banks, ING Group, Online banks, ING Australia, ING Vysya Bank

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.

Key Points: 
  • ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business.
  • ING Banks more than 55,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Xinja Banks on Kong Enterprise to Power Digital Banking Platform

Retrieved on: 
Wednesday, July 29, 2020
Computing, Information Age, Mobile payments, IT infrastructure, Architectural pattern, Microservices, Kong Inc., Mobile banking, Cloud computing, Neobank, Online banks

SAN FRANCISCO, July 29, 2020 /PRNewswire/ -- Kong Inc. , the leading cloud connectivity company, today announced that Xinja Bank , Australia's fully digital neobank, has deployed Kong Enterprise to power its modern, microservices-driven mobile banking platform.

Key Points: 
  • SAN FRANCISCO, July 29, 2020 /PRNewswire/ -- Kong Inc. , the leading cloud connectivity company, today announced that Xinja Bank , Australia's fully digital neobank, has deployed Kong Enterprise to power its modern, microservices-driven mobile banking platform.
  • As a 100-percent digital bank designed for mobile, Xinja is bringing a new kind of bank to customers and revolutionizing the entire banking experience.
  • The launch of Xinja's lending platform, currently being developed, will see the first introduction of Kong into Xinja's infrastructure.
  • Beyond using Kong to more efficiently collaborate with third-party developers, manage all external-facing API traffic and help handle continued traffic growth, Xinja also leverages Kuma 's universal service mesh with the Kong platform.

ING to book goodwill impairment in second quarter

Retrieved on: 
Tuesday, July 28, 2020
Companies, Financial services, Banks, ING Group, Online banks, ING Australia, ING Vysya Bank

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.

Key Points: 
  • ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business.
  • ING Banks more than 55,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Wicket Introduces 10% Annual Percentage Yield Savings Account

Retrieved on: 
Wednesday, July 15, 2020
Financial services, Finance, Economy, United States federal banking legislation, Bank account, Annual percentage yield, Online banks, Äpy, Referral marketing, Bank, Savings account, ING Australia

KANSAS CITY, Mo., July 15, 2020 /PRNewswire/ -- Wicket , the no fee, customer first online bank, today announced a referral program where customers can boost their savings account rate up to 10.00% Annual Percentage Yield (APY).

Key Points: 
  • KANSAS CITY, Mo., July 15, 2020 /PRNewswire/ -- Wicket , the no fee, customer first online bank, today announced a referral program where customers can boost their savings account rate up to 10.00% Annual Percentage Yield (APY).
  • The industry-leading high-yield savings offer is available to Wicket members who refer Wicket to their friends and family.
  • To open an account and join the referral program, customers can download the Wicket app in the Apple Store.
  • Wicket provides a personalized banking experience to help members build savings automatically and make better financial decisions.

EQ Bank launches new Joint Savings Plus Account

Retrieved on: 
Thursday, July 9, 2020
Financial services, Economy, Service industries, Banking, Online banks, Equitable Bank, ING Australia, Transaction account, EQ, Bank, Retail banking

In yet another challenge to the status quo, EQ Bank's new joint account removes unreasonable complexity from traditional banking, delivering on EQ Bank's mission to provide smarter, safer, and easier ways for Canadians to bank.

Key Points: 
  • In yet another challenge to the status quo, EQ Bank's new joint account removes unreasonable complexity from traditional banking, delivering on EQ Bank's mission to provide smarter, safer, and easier ways for Canadians to bank.
  • "EQ Bank continues to see accelerated adoption of its digital banking services, recently surpassing $3B in deposits, tripling the number of people signing up for our savings account, and surpassing 100,000 customers," says Poddar.
  • EQ Bank, the digital banking platform launched in 2016 by Equitable Bank (a federally regulated Schedule I bank), provides state-of-the-art digital banking services.
  • The Savings Plus Account reimagines banking by offering an everyday high interest rate, plus the flexibility of a chequing account, with free transactions, no everyday banking fees, no minimum balances, fast,cheap, and fully transparent international money transfers, and moreall from one account.

Axos Financial, Inc. to Announce Fourth Quarter Fiscal 2020 Results on July 29, 2020

Retrieved on: 
Tuesday, July 7, 2020
Banking, Professional services, Finance, Online banks, Axos Bank, Axos Financial, Companies, Axus, Economy of the United States, States of the United States

Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it will host a conference call on Wednesday, July 29, 2020 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the fourth quarter of fiscal 2020 ended June 30, 2020.

Key Points: 
  • Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it will host a conference call on Wednesday, July 29, 2020 at 5:00 PM ET (2:00 PM PT) to discuss financial results for the fourth quarter of fiscal 2020 ended June 30, 2020.
  • The Company plans to distribute its earnings results on Wednesday, July 29, 2020 after 4:00 PM ET (1:00 PM PT).
  • The condensed consolidated financial statements include the accounts of Axos Financial, Inc. (Axos) and its wholly owned subsidiaries, Axos Bank (the Bank) and Axos Nevada Holding, LLC (the Axos Nevada Holding and collectively, the Company).
  • Axos Nevada Holding wholly owns its subsidiary Axos Securities, LLC, which wholly owns subsidiaries Axos Clearing, LLC, a clearing broker dealer, Axos Invest, Inc., a registered investment advisor, and Axos Invest, LLC, an introducing broker dealer.

Axos Bank Celebrates 20 Years of Digital Financial Services Leadership

Retrieved on: 
Saturday, July 4, 2020
Banking, Professional services, Finance, Economy, Online banks, Financial services, Axos Financial, Finance, Axos Bank, Bank, Digital banking, Axus

Axos Financial (NYSE: AX) celebrated its 20th anniversary today, signifying two decades of leadership in the digitization of financial services.

Key Points: 
  • Axos Financial (NYSE: AX) celebrated its 20th anniversary today, signifying two decades of leadership in the digitization of financial services.
  • Over two decades, weve established Axos as a digital banking leader a position that will only strengthen as consumers and small businesses increasingly embrace our model and as we further incorporate holistic financial and wealth management services in our flexible, online platform.
  • For more information about Axos checking, savings, lending and digital advisory services, please visit www.axosbank.com .
  • Axos Financial, Inc. (NYSE: AX) is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners.

Axos Bank Named One of America’s Three Best Digital Banks

Retrieved on: 
Monday, June 29, 2020
Banking, Mobile, Wireless, Online Retail, Internet, Professional services, Family, Consumer, Technology, Small business, Retail, Children, Finance, Companies, Financial services, Finance, Online banks, Axos Bank, Axos Financial, Axus, Bank, UBS

Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named one of the three best digital banks in the United States by Kiplingers Personal Finance magazine.

Key Points: 
  • Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), was named one of the three best digital banks in the United States by Kiplingers Personal Finance magazine.
  • As part of its annual list of the countrys best banks and credit unions, the magazine also said Axos was one of the top two banks for families and children.
  • It is quite an accomplishment to reach our 20-year anniversary and be repeatedly named not just one of the countrys top-performing financial services providers, but also one of the best digital banks, said Axos President and CEO Greg Garrabrants.
  • About Axos Bank and Axos Financial, Inc.
    Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners.

Steven van Rijswijk to succeed Ralph Hamers as CEO of ING

Retrieved on: 
Friday, June 19, 2020
Financial services, Companies, Finance, ING Group, Online banks, ING Australia, Bank, ING Vysya Bank, Tangerine Bank

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.

Key Points: 
  • ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank.
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business.
  • ING Banks more than 53,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).