Artificial intelligence (AI)-driven software engineering firm Ascendion has partnered with Axos Bank, a subsidiary of Axos Financial, to enhance the bank’s Zenith platform.
The collaboration aims to streamline financial management for high-net-worth clients and business management companies serving the entertainment industry.
Zenith, Axos Bank’s multi-entity financial platform, integrates accounting, cash management, bill payment, payroll, relationship management, and banking services.
Ascendion will leverage its AI-driven engineering systems to enhance the platform’s efficiency, improving bookkeeping and payment processes for Axos clients.
The partnership is expected to deliver hyper-personalised customer experiences through AI and predictive analytics, enabling more seamless financial interactions.
Additionally, the enhanced platform will support Axos Bank’s market expansion by offering a differentiated product that accelerates growth.
By streamlining operations, the platform will also reduce time and costs for business managers handling financial tasks.
Ascendion CEO Karthik Krishnamurthy said: “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.
“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.”
Axos and Ascendion will collaborate to implement a modern, AI-enhanced architecture tailored to evolving client needs.
The integration of self-healing algorithms will ensure improved platform reliability and uptime, while AI-driven development tools, powered by Ascendion’s AVA+ platform, will enhance efficiency and productivity.
Based in the US, Axos Financial reported about $23.7bn in consolidated assets as of 31 December 2024. The company operates Axos Bank, Axos Clearing, and Axos Invest, providing banking, securities clearing, and investment advisory services.
Axos Bank commercial operations and technology senior vice president and head and Zenith Information Systems chief operating officer Marc Kantor said: “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 evident, and we are excited about the business outcomes this partnership will deliver.”
