Through a new partnership, Axiom Bank will join Raisin’s network of financial institutions raising deposits through the fintech’s unique digital platform
New York – September 22, 2022 – Raisin and Florida-based Axiom Bank have entered into a new partnership that will make Axiom Bank savings products available to savers nationwide through Raisin’s digital deposit-funding solutions, including its proprietary direct-to-consumer online marketplace, SaveBetter.com.
Axiom Bank becomes the 12th banking brand to join Raisin’s U.S. platform to date. Raisin’s unique, turnkey solutions enable financial institutions to offer savings products to the national audience of American savers and enhance their deposit-funding sources without any resource investment across marketing, technology, or customer onboarding and servicing.
Mike Coyne, Axiom Bank’s CIO, said: “Connecting to Raisin’s platform represents a key pillar in Axiom Bank’s digital transformation. We have big ambitions to grow and serve a wider constituency, and a steady flow of deposit funding, raised through digital channels like Raisin’s, helps us chart that path.”
John Zazzera, Axiom Bank COO, added, “The Raisin platform provides a funding source which complements our traditional retail and commercial deposit customer deposits. New partners such as Raisin are needed as the competition for deposits intensifies and deposits become more and more digitally based.”
Raisin U.S. CEO Marcel Bock said, “We are so pleased to be working with Axiom Bank and to be part of the bank’s digital growth story. It’s a vote of confidence in our platform and its ability to deliver the kind of stable, scalable and cost-efficient funding financial institutions are seeking as they navigate today’s complex interest rate environment.”