News

Retail Banking

Staff Reporter

, Japan

Published:

4 months ago

Graphic from Jenius Bank's official website. Apart from cropping, no other edits were made.

SMBC’s US digital lender Jenius Bank hits $1b in savings deposits

It will roll out a mobile app in the coming months.

Jenius Bank, an American digital bank that is under a subsidiary of Sumitomo Mitsui Financial Group’s (SMBC) American operations, has reached $1b in savings deposits.

Launched in 2023, Jenius Bank offers personal loans and savings products to US consumers. It now has over $700m in loans less than a year before its first-year anniversary and has “achieved stable operations” according to SMBC.

Jenuis Bank is the digital banking division of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings. It is headed by John Rosenfield.

In the coming months, Jenuis Bank plans to roll out a mobile app, SMBC announced in a statement posted on its website.

SMBC have recently ramped up expansion to markets outside of Japan, opening a branch in India.

More recently, the Japanese megabank bookmarked $64m for "social value activities."

Follow the link for more news on

Sumitomo Mitsui Banking Corporation

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia