Company Directory - Axos Financial, Inc.
Company Details - Axos Financial, Inc.
Axos Financial, Inc.
WebsiteSan Diego, USA
Axos Financial, Inc. is a digital financial services company that offers innovative banking solutions, including its ONE Savings and Checking Bundle with competitive APYs for account balances and direct deposits. The company provides a range of products and services designed to meet personal and business banking needs through a fully digital platform.
CCI Score
CCI Score: Axos Financial, Inc.
-21.77
0.01%
Latest Event
Axos Financial Partners with Ascendion to Transform Digital Banking
On February 19, 2025, Axos Financial Inc announced a strategic partnership with Ascendion to revolutionize its high-net-worth digital banking platform, Zenith, by integrating AI-driven solutions such as self-healing algorithms and predictive analytics. This move is expected to enhance customer experiences and operational efficiencies, positioning the company as a leader in digital banking innovation.
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ACCOMPLICE
Axos Financial, Inc. is currently rated as an Accomplice.
Latest Events
- FEB192025
On February 19, 2025, Axos Financial Inc announced a strategic partnership with Ascendion to revolutionize its high-net-worth digital banking platform, Zenith, by integrating AI-driven solutions such as self-healing algorithms and predictive analytics. This move is expected to enhance customer experiences and operational efficiencies, positioning the company as a leader in digital banking innovation.
+70
Technology and Services Impact
March 25
The partnership focuses on deploying advanced AI technologies to transform digital banking services. This not only has the potential to improve customer interactions and operational efficiency but also disrupts traditional banking models. From an anti-fascist perspective, promoting decentralized, tech-driven solutions can empower consumers and challenge established power structures, thereby reducing the centralization of economic power.
Axos Financial Inc (AX) Partners with Ascendion to Transform Digital Banking
- JUN132024
An investigation led by Hagens Berman has raised serious allegations that Axos Financial deliberately concealed known risks associated with its lending practices, including an excessive exposure to commercial real estate loans and questionable accounting metrics. These practices not only undermine investor trust but may also contribute to economic vulnerabilities that authoritarian regimes could exploit.
-70
Business Practices and Ethical Responsibility
March 25
Axos Financial is accused of concealing significant risks and manipulating its financial disclosures to mask the instability of its loan portfolio. These unorthodox lending practices reflect a severe breach in ethical responsibility and transparency, undermining the principles of responsible business conduct which are crucial in countering the rise of corporate malfeasance that can bolster authoritarian regimes.
-50
Economic and Structural Influence
March 25
The bank’s aggressive expansion into commercial real estate loans and the maintenance of apparently manipulated financial ratios contribute to broader economic instability. Such actions can weaken the financial system, making it more susceptible to exploitation and economic control by authoritarian forces, undermining democratic accountability through systemic risk.
- JUN012022
Over the past two years, Axos Bank and its largest individual shareholder, Don Hankey, extended over $500 million in financing that benefited Donald Trump. This financial support, which helped cover significant debts and political maneuvers, raises serious questions about the bank's involvement in enabling authoritarian practices.
-70
Public and Political Behavior
March 25
Axos Financial, through its bank, provided substantial financing to Donald Trump at a time when traditional lenders were withdrawing. This act, along with even modest political contributions such as the CEO’s donation, reflects a willingness to support figures whose actions undermine democratic norms and bolster authoritarian tendencies. Such political engagement directly influences public policy and furthers the rise of fascism by enabling financial maneuvers that benefit controversial political actors.
When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
-60
Economic and Structural Influence
March 25
By extending over $500 million in lending that enabled Trump to manage his vast debts and financial obligations, Axos Bank has demonstrated a level of economic collaboration that indirectly supports authoritarian leadership. This financial involvement not only facilitated Trump's contentious business maneuvers but also provided him with leverage in his political endeavors, raising concerns about broader economic influence and regulatory capture.
When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
- MAR132022
Axos Financial, known as the 'Trump Tower Bank', has come under fire for its involvement in refinancing Trump Tower and for its close connections with GOP donors. The bank’s CEO and major investors have a record of significant contributions to Republican campaigns, while its business practices have raised red flags including high-risk lending, regulatory scrutiny, and ongoing lawsuits.
-80
Public and Political Behavior
March 25
Axos Financial's political activities are deeply concerning. The bank has financed projects directly benefiting the Trump family and has leaders who are prolific donors to far-right Republican candidates. These activities indicate support for authoritarian political structures by channeling funds to entities and individuals with extremist ties, which undermines democratic accountability.
-70
Business Practices and Ethical Responsibility
March 25
Axos Financial’s business practices raise serious ethical concerns. The bank has been implicated in high-risk lending practices, has faced lawsuits over alleged usurious rates and deceptive practices, and was subject to an SEC investigation that, though closed, left unresolved allegations. Such practices not only exploit consumers but also undermine regulatory protections intended to ensure fairness.
-50
Economic and Structural Influence
March 25
The bank’s involvement in financing politically charged real estate deals, such as the refinancing of Trump Tower, indicates a willingness to embed itself in economic structures that support authoritarian and elitist agendas. Its economic influence, though limited by its size, helps perpetuate systems that favor politically connected actors over equitable, regulated practices.
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Industries
- 522110
- Commercial Banking
- 523930
- Investment Advice
- 523920
- Portfolio Management
- 522190
- Other Depository Credit Intermediation