LOS ANGELES–(BUSINESS WIRE)–Jenius Bank, the digital banking division of SMBC MANUBANK, a member of the SMBC Group, is launching the next-generation version of its mobile app and online banking platform that will provide free, personalized insights based on customers’ spending and earning behavior to help optimize their cash flow and make smarter financial decisions. Customers can now enjoy a comprehensive, 360-degree view of their finances in one place when they link relevant external financial accounts, like credit cards and investment portfolios.
Jenius Bank now empowers customers to:
- Track monthly spending, earning, and saving
- Receive insights to tackle high-interest debt quicker
- Be alerted to changes in subscription pricing, duplicate purchases, or unusual activity
- Track their net worth, credit score, and more
- Summarize spending data and unlock personalized behavioral insights
Staying on top of personal finances can be an overwhelming, all-consuming task, especially for busy people. Jenius Bank believes that by having a holistic view of one’s financial habits, customers can curb financial stress by knowing exactly where their money is going, helping to bring them a newfound sense of control and peace of mind. In line with this notion, Jenius Bank’s latest consumer research revealed that even with rising costs, there are still some things people refuse to give up, including media & entertainment purchases (30.1%), travel (29.3%), and health & wellness expenses (26.9%). With Jenius Bank, consumers are now armed with real-time insights on where their money is being spent, providing a view to help ensure their spending habits align with what makes them happy, and practice intentional spending to live their definition of a ‘rich life’.
With a place to track their financial progress, the Jenius Bank mobile app and online banking platform help make it that much easier for consumers to feel in control of their money to reach their financial and life goals. Survey consumers revealed their top three definitions of richness as: Not having financial debt (33.4%), retiring early without concern (33.1%), and establishing generational wealth (27.8%, according to Jenius Bank research). Customers may feel more confident and secure in their financial decisions on the path to financial wellness when choosing Jenius Bank.
The new mobile app and online banking experience is available to all Jenius Bank customers. Jenius Bank currently offers a high-yield savings account and personal loan product, both with great rates and no fees. Jenius Bank plans to expand its product offering in the future. To learn more about Jenius Bank, please visit www.jeniusbank.com/online-mobile-banking.
About Jenius Bank
Jenius Bank has a mission to help people live a richer life through actionable insights and innovative tools powered by best-in-class technology. The bank currently offers personal loans and high-yield savings accounts, surpassing $1B in deposits and loans outstanding all in its first year. Jenius Bank is the digital division of SMBC MANUBANK, a California state-chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. To learn more information about Jenius Bank, visit www.jeniusbank.com.
About SMBC Group
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Americas Holdings Inc., SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. (collectively, SMBC Group Americas Division). For more information, please visit http://www.smbcgroup.com/.
About SMBC MANUBANK
Founded in 1962, SMBC MANUBANK is a California state-chartered commercial bank based in Los Angeles and is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. SMBC MANUBANK serves the specialized needs of middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies. For more information, please visit www.smbcmanubank.com.
This document may contain forward-looking statements, which may include projections, forecasts, income estimates, yield or return, future performance targets, or similar analysis. Any such forward-looking statements, prices, indices, or measures are based upon certain assumptions. All forward-looking statements are based on the information available at the time the document was prepared, and Jenius Bank is not obligated to provide an update. Actual events may differ from those assumptions or available information. Any opinions, projections, price/yield information or estimates are subject to change without notice. There can be no assurance that any estimated returns or projections will be realized, that forward-looking statements will materialize, or that actual results will not be materially different from those presented herein. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The value, price or income from transactions or strategies may fall as well as rise.
