Latest news with #digitalBanking
Yahoo
7 days ago
- Business
- Yahoo
Jenius Bank review (2025): Simple online banking with competitive rates and no fees
Summary: Jenius Bank is the digital banking division of SMBC MANUBANK, a California state-chartered commercial bank based in Los Angeles. Jenius Bank offers personal loans and high-yield savings accounts. Jenius Bank offers the following products and services: The Jenius High-Yield Savings Account is currently offering a 4.20% APY — that's more than 10 times the national average for savings accounts. There are no monthly fees or minimum balance requirements for this account and interest is compounded daily. Jenius personal loans start at $5,000 and go up to $50,000 with rates from 8.99% to 23.49%. There are no loan origination fees, prepayment fees, or charges for late or missed payments. Repayment terms for a Jenius personal loan range from 36 months to 72 months. Jenius is not currently accepting personal loan applications on its website. However, you may be able to qualify for a Jenius loan if you apply through Intuit Credit Karma or Lending Tree and meet eligibility embedded content is not available in your region. Jenius Bank does not charge any fees for its savings accounts. Additionally, you will never pay loan origination fees, prepayment fees, late or missed payment fees, transaction fees, and the like as a Jenius customer. Here are some of the major pros and cons of banking with Jenius Bank: Pros: Competitive interest rate for high-yield savings account: Jenius Bank's high-yield savings account offers 4.20% APY, which is one of the highest rates available. No fees or minimum balance requirements: Jenius does not currently charge any fees for its accounts or personal loans. There is also no minimum balance requirement to keep your account open or avoid fees. 24/7 customer service: Jenius bankers are available to chat 24/7. Cons: Limited account options: Jenius only offers savings accounts and personal loans. It does not currently offer checking accounts, money market account accounts, credit cards, or other types of financing. This could be a drawback for customers with more extensive banking needs. No physical branches: Jenius operates online only and does have any physical branches for customers to visit. Certain products are not available in every state: Jenius savings accounts are not available for residents of Hawaii or New Mexico. Additionally, Jenius is not accepting personal loan applications from residents of Hawaii, Nevada, or Wisconsin. Jenius Bank representatives are available to assist customers 24/7 at 844-453-6487. Jenius also has a mobile app available for download on the App Store and Google Play. The app has a rating of 4.3 stars and 3.9 stars, respectively. Customers can use the app to view account balances, transactions, and account details, transfer money between accounts, and more. Yes, Jenius savings deposits are FDIC-insured up to the federal limit of $250,000 per depositor, per ownership category. Jenius Bank's routing number is 122045354. Jenius Bank is the digital division of SMBC MANUBANK, a California state-chartered commercial bank and wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Visa (V) Just Launched a Major Update to Make Online Shopping Easier
Payment giant Visa (V) just launched a major update to make online shopping faster and easier. ZA Bank, Hong Kong's biggest digital bank, is the first in Asia Pacific to introduce Visa's new Click to Pay feature. This tool lets shoppers finish purchases in seconds without typing in their card details every time. Indeed, Click to Pay lets shoppers skip guest checkout, form fields, and password entries to cut checkout time from five minutes to under one. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth noting that Click to Pay works like tap-to-pay but for online shopping. It allows you to pay using just your registered email, phone number, or a Visa Payment Passkey. With fewer steps at checkout, people are more likely to complete their purchases, which should help reduce the number of abandoned carts that can be as high as 84%. Visa says this smoother process can improve purchase approval rates by about 2.5%. Interestingly, users don't have to sign up separately in order to use Click to Pay since it's already included with Visa cards from participating banks. In addition, many merchants and payment processors in Asia Pacific, like AsiaPay, already support this feature. The partnership between Visa and ZA Bank highlights the growing demand for faster, safer, and simpler online shopping. Is Visa Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on Visa stock based on 21 Buys, four Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average Visa price target of $385 per share implies 8.9% upside potential. See more Visa analyst ratings
The National
23-05-2025
- Business
- The National
Money & Me: ‘My best investment is an Abu Dhabi property purchased at the height of Covid-19'
Christoph Koster, CEO of digital Islamic community bank ruya, adopts a balanced approach to investments
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Padzajam Surpasses 4500 Users in Serbia, Cementing Its Position as the #1 Online Loan Provider in Serbia
Padzajam, a pioneering bank specializing in fast and accessible online loans, proudly announces a major user milestone in Serbia, marking a new chapter in the country's digital finance transformation. This achievement reflects not only Padzajam's accelerating growth but also the Serbian public's increasing confidence in secure, technology-driven banking solutions. As of this month, Padzajam has officially surpassed 4500 registered users in Serbia, a testament to its rapidly expanding footprint and its successful mission to deliver efficient, transparent, and secure financial services tailored to the modern customer. A Bank Built on Trust Padzajam combines the robustness of traditional banking infrastructure with the agility and customer focus of a fintech startup. Padzajam offers not only speed and convenience, but the assurance of a safe and regulated banking environment. "We are proud to celebrate this milestone," said Jovana Marković, Country Director for Padzajam Serbia. "When people choose Padzajam, they are placing their trust in an online institution that respects their time, protects their data, and understands their financial needs. This moment validates the enormous efforts our team has made to create a smarter, safer, more inclusive bank." Why Serbians Are Choosing Padzajam as Their Online Bank Padzajam's rapid rise in Serbia can be traced to a combination of innovation, convenience, and customer-focused banking: - End-to-End Digital Banking - Lightning-Fast Loan Approvals - Transparent Banking Services - Tailored Lending Options - Human Support, Digitally Delivered The Digital Banking Revolution in Serbia The rise of online banking in Serbia mirrors broader shifts seen across Europe, as consumers demand faster, more responsive services from financial institutions. Milan Obradović, Padzajam's Regional Director for the Balkans, noted: "We're not just offering loans, we're redefining what a bank can be in the 21st century. For too long, banking has been inconvenient, slow, and intimidating. We're here to change that, and Serbia has welcomed us with open arms." Beyond statistics, Padzajam's success is reflected in the lives of thousands of users who have achieved financial stability, pursued new goals, or weathered emergencies with the help of online loans. Take Milan Janković, a 38-year-old electrician from Niš, who used Padzajam to fund the purchase of new tools after his old equipment broke down unexpectedly. 'The bank responded faster than I imagined,' he says. 'The money was in my account the same day. I didn't have to explain myself to a loan officer—I just filled out a few forms online. That's modern banking.' Or Ivana Radić, a freelance graphic designer in Belgrade, who used Padzajam to consolidate high-interest credit card debt. 'They didn't treat me like a risk, they treated me like a customer. Padzajam gave me better terms, and I now have control over my finances again.' These are just two among thousands of Serbians turning to Padzajam's online banking services to move forward with confidence. Educating a New Generation of Financial Consumers Padzajam invests in education by publishing financial literacy content across its channels, helping Serbian users borrow and manage money responsibly. Jovana Marković said: 'We are building not just a bank, but a more informed customer base that feels confident managing their financial future.' What's Next for Padzajam in Serbia? With this milestone reached, Padzajam plans to enhance its offerings with full banking services, mobile improvements, green loans, and business lending. Serbia as a Leader in Digital Finance This user milestone serves as a signal to the region: Serbia is not just catching up in digital banking, it is becoming a leader. By embracing fully online banking solutions like Padzajam, Serbian consumers are showing a clear preference for innovation, efficiency, and transparency. "Serbia has demonstrated that it is ready for the future of finance," says Milan Obradović. "We are proud to be part of this journey and look forward to continuing our investment in this dynamic and promising market.' About Padzajam Padzajam is a bank providing fast, fair, and flexible loans across Serbia. Designed for the modern digital customer, Padzajam offers a 100% digital banking experience with transparency and inclusion at its core. Media Contact Company Name: Padzajam Serbia Contact Person: Marija Savic, Public Relations Officer Email: Send Email City: Belgrade Country: Serbia Website:
Finextra
09-05-2025
- Business
- Finextra
Minnesota and South Dakota's Sunrise Banks partners with Akuvo
AKUVO, a leading technology organization specializing in collections and credit risk management, announced that Sunrise Banks, a values-based bank with locations in Minneapolis/St. Paul, Minn. and Sioux Falls, S.D., has selected the AKUVO collections platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With more than $2.4 billion in assets, Sunrise Banks serves communities across Minnesota and South Dakota with a mission to drive financial inclusion and community impact through forward-thinking technology and services. By partnering with AKUVO, the bank is embracing a digital-first, borrower-friendly approach to collections. Of particular interest is AKUVO's Virtual Collector, which enables customers to take self-directed action on delinquent accounts, freeing up staff and reducing the need for manual follow-up. 'Our team is excited to bring advanced automation to our collections strategy,' says Todd Sharkey, Chief Credit Officer at Sunrise Banks. 'We were impressed by AKUVO's technology and how it allows us to do more with our existing team while delivering a smoother experience for our customers.' AKUVO's SaaS platform helps financial institutions digitize and automate collection workflows, optimize staff productivity, and improve recovery outcomes, all while creating borrower engagement pathways that are modern and intuitive. For community banks like Sunrise Banks, these capabilities represent a strategic shift in how delinquency is managed. 'More banks are realizing the efficiency and profitability benefits of automating and digitizing collections, especially in the early stages,' said Steve Castagna, Chief Revenue Officer of AKUVO. 'We're proud to welcome Sunrise Banks to our growing community of forward-looking financial institutions.' AKUVO continues to expand its reach in the banking sector with its intuitive collections technology that empowers institutions of all sizes to achieve more with less.
