Newsroom
Jenius Bank Features
Jenius Bank President John Rosenfeld: ‘It’s Fun to Do the Impossible’
There may not be many all-digital, 100% cloud-based companies with roots dating back to the sixteenth century, but such is exactly the case for...
With Jenius Bank, Sumitomo is starting from scratch
John Rosenfeld signed on to oversee the launch of Jenius, Sumitomo Mitsui Banking Corp.'s planned national digital bank, in February 2021, so jokes...
Japanese bank SMBC to launch US digital bank Jenius
“With the launch of Jenius Bank, we have the rare opportunity to build exceptional products from scratch that uniquely meet the needs of today’s digital...
Jenius Bank News
Jenius Bank Named Title Sponsor for 2025 Pickleball World Championships
Leading digital bank partners with the Professional Pickleball Association and Major League Pickleball to continue promoting financial wellness for Americans DALLAS and LOS ANGELES, July 9, 2025 - The Carvana PPA Tour and Major League Pickleball presented by DoorDash (MLP) are excited to announce Jenius Bank™ – the digital banking division of SMBC MANUBANK, a member of the SMBC Group – has joined as an official partner for the Carvana PPA Tour and Major League Pickleball presented by DoorDash (MLP) throughout the remainder of 2025. Jenius Bank will also serve as the title sponsor of the Pickleball World Championships in Dallas, November 3-9 – the biggest weeklong festival in pickleball, America’s fastest growing sport. At the Pickleball World Championships in 2024, more than 57,500 attendees enjoyed daily festivities on the festival hub of Pickleball Boulevard, including exciting amateur pickleball tournaments and programming, diverse food and beverage options, and shopping – all while witnessing the world’s highest level of pickleball competition in the pro divisions. The event accounted for $15.7 million in local economic impact, according to an economic impact study by the city of Farmers Branch. Jenius Bank will also have a large presence at the remaining 2025 PPA Tour tournaments, MLP events, and the World Championships, with unique giveaways and experiences for fans. “As a digital-first bank, we are built on consumer data and see the proven connection between physical wellness with financial wellness. We’re thrilled to partner with the MLP and PPA Tour to promote pickleball, America’s fastest growing sport,” said John Rosenfeld, President of Jenius Bank. “Whether it’s simplifying banking or bringing fans’ favorite sport to a city near them, we’re committed to helping people live richer lives – on and off the court.” “Partnering with Jenius Bank marks a major milestone for our sport, reflecting not only the rapid growth and mainstream momentum of professional pickleball, but also the increasing interest from forward-thinking, national brands that recognize the power and potential of our community,” said Connor Pardoe, CEO of the PPA Tour and MLP. “This partnership is a testament to how far pickleball has come and where it's headed as we continue to elevate the game alongside the biggest sports in America." The official partnership between Jenius Bank and the Carvana PPA Tour and Major League Pickleball (MLP presented by DoorDash) benchmarks the growth and health of professional pickleball and pickleball’s largest event and contributes to the elevation of pickleball alongside other major American sports in terms of celebrated corporate partnerships. ### About Carvana PPA Tour: Founded in 2019, the Carvana PPA Tour is where pickleball’s top athletes go head-to-head to determine the best male and female players in the world. The Carvana PPA Tour organizes and conducts tournaments at world-class facilities across the country, establishes player rankings, and showcases the world’s best pickleball week in and week out. Inviting amateur players to also compete and “play where the pros play,” the Carvana PPA Tour offers divisions for every age group and skill level. Characterized by a uniquely festive and fun atmosphere, Carvana PPA Tour events deliver unparalleled experiences for fans on-site, including pro player meet-and-greets, clinics, food, beverages, live entertainment, giveaways, games, shopping, and VIP upgrades. For more information, go to www.ppatour.com, and follow us on social: Twitter/X, Instagram, YouTube, Facebook, LinkedIn. About Major League Pickleball (MLP presented by DoorDash) Founded in 2021, Major League Pickleball (MLP presented by DoorDash) is the preeminent, coed, team-based professional pickleball league, featuring over 100 of the best athletes across 22 teams, iconic team owners, and the most electric live events and fan experience in the sport. In 2024, MLP and the PPA Tour merged under the newly formed United Pickleball Association (UPA), bringing together the leading pro pickleball organizations under a single entity. Visit the official website and follow MLP on Facebook, Twitter/X, Instagram, TikTok and YouTube for more information. About Jenius Bank Jenius Bank has a mission to help people live a richer life through actionable insights and innovative tools powered by first-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, Member FDIC. SMBC MANUBANK is 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.
Jenius Bank Surpasses $1 Billion in Deposits
The new digital banking division of SMBC MANUBANK hits milestone by deeply understanding consumers’ needs and empowering them with a market-leading rate LOS ANGELES, May 28, 2024 – Jenius Bank™ the new digital division of SMBC MANUBANK, a wholly-owned subsidiary of SMBC Americas Holdings, Inc., hit a milestone last week, reaching $1 billion in deposits for its high-yield savings product. Currently offering a market-leading rate of 5.25% APY, the Jenius Savings product is designed to empower customers to take control of their financial future and achieve their financial goals with greater ease and flexibility. Jenius Bank’s digital banking business launched in the summer of 2023 and has experienced growth across both its products currently in market. Reaching $1 billion in deposits and over $700 million in loans, all before Jenius Bank’s first anniversary, clearly illustrates that consumer preferences are evolving, and the financial services industry needs to evolve with them. "The overwhelming response to our savings product reaffirms our belief that consumers are increasingly seeking innovative banking solutions that offer convenience, security and competitive returns,” said John Rosenfeld, President of Jenius Bank. “We remain dedicated to empowering our customers on their financial journeys by leveraging consumer research to deliver stress-free products designed for their evolving needs." Americans that are not taking advantage of a High-Yield Savings Account (HYSA) like Jenius Savings, are missing out on billions of dollars they could be earning with a better rate. That lack of financial optimization could be causing consumers unnecessary stress. Jenius Bank is dedicated to helping advance consumers’ financial and life goals, reducing stress with every product offering. “Jenius Bank’s portfolio is a cornerstone of our strategic vision for SMBC's long-term roadmap,” said Hirofumi Otsuka, CEO of SMBC Americas Division. “This new U.S. consumer business is a testament to SMBC’s commitment to driving sustainable growth, diversifying our business, and creating exceptional products that meet the needs of the modern-day consumer." With a startup mindset and a rich banking history, Jenius Bank aims to continue providing consumers with the tools they need to live a richer life. Currently, Jenius Bank offers both a savings and personal loan product, with plans to expand its products and features in the future. To learn more about Jenius Savings and Personal Loan options, please visit jeniusbank.com. About Jenius Bank Jenius Bank has a mission to help people live a richer life through actionable insights and innovative tools powered by first class technology. The bank currently offers personal loans and high-yield savings accounts, with a mobile app launching in the coming months. 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 86,000 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 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. For more information, please visit www.smbcgroup.com. About SMBC MANUBANK SMBC MANUBANK is a wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group—a global leader in finance and innovation. SMBC MANUBANK delivers tailored financial solutions, combined with first-class technology and a client-first service model. Our trusted advisors bring decades of commercial banking experience in diversified industries and specialty banking. SMBC MANUBANK’s digital division, Jenius Bank™, offers consumers tools and insights to better manage their personal finances and grow wealth. Headquartered in Los Angeles, California, SMBC MANUBANK also has offices in Beverly Hills, Brea, Encino, Glendale, Newport Beach, San Jose, and Torrance. For more information, visit www.smbcmanubank.com. Press Contact: SourceCode Communications Jenius Bank is a division of SMBC MANUBANK. Member FDIC.
Jenius Bank™ Unveils New Savings Account Product
Tailored specifically to meet consumer demand, Savings marks the digital bank’s latest offering in a roster of upcoming new services LOS ANGELES, November 7, 2023 - 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, announced the launch of its latest offering - the Jenius Bank Savings Account. This new product, which comes to market following the recent launch of Jenius Bank Personal Loans, is designed to empower customers to achieve their financial goals with greater ease and flexibility. According to the Wall Street Journal, Americans are missing out on billions they could be earning with a better rate. With such an overwhelming consumer gap, Jenius Bank used its extensive and ongoing consumer research program to understand what a new savings product could do to help advance consumers’ financial and life goals and reduce stress. As a result, Jenius Bank is offering a market-leading rate, ensuring that customers' hard-earned money grows at an accelerated pace. Key features of the Jenius Savings Account, in addition to the market-leading rate, include: No Minimum Balance Requirement: Customers can grow their savings on their terms. Accounts can be opened with as little or as much as they want. FDIC Insured Funds: To prioritize the safety and security of customer funds, deposits are FDIC insured up to the maximum allowable by law. Deposits at Jenius Bank and SMBC MANUBANK are combined for the purpose of calculating FDIC insurance limits. Around-the-Clock Customer Service: Jenius Bank’s customer service is 100% digital for those who prefer it, and 100% human when customers want it, providing 24/7 access to U.S based customer care, by phone or online chat. No fees: Unlike other banks, savings accounts through Jenius Bank will not have any fees. No monthly, withdrawal, inactivity, overdraft, account opening or closing, or excessive transaction fees, enabling customers to save even more. Continuous Fraud Monitoring: Customers can rest easy knowing that Jenius Bank monitors against fraud day and night, all year. "Jenius Bank’s goal isn’t to create just another savings account option. We wanted to put something in-market that truly addressed the top needs of consumers in today’s climate,” said John Rosenfeld, President of Jenius Bank. "We’ll continue to take this approach in developing the rest of our product suite as a further commitment to giving our customers the tools they need to empower themselves with smarter banking to create a richer life for themselves." This launch comes just months after Jenius Bank’s inaugural launch of personal loans, demonstrating the rapid growth the new digital bank is experiencing. The Jenius Bank Savings Account is available to both existing and new customers, and they can open an account at www.jeniusbank.com. “We’re committed to crafting all of our products with great consideration for the insights we receive from our consumer research, and this savings launch is no exception,” says Andrew Harris, Managing Director and Head of Product at Jenius Bank. “From the early days of development, we understood the need for competitive rates and flexibility needed in a savings account, and will continue to prioritize our consumer insights to inspire features for future rollouts.” To learn more about Jenius Bank Savings and Personal Loan options, please visit www.jeniusbank.com. About Jenius Bank Now open to customers, 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 a savings product, with a mobile app launching in the coming months. 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. The Jenius Bank team works primarily remotely with employees in 39 states, but also maintains offices for team collaboration in Phoenix, Arizona; Los Angeles, California; New York, New York; and Charlotte, North Carolina. 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 86,000 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 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. For more information, please visit 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.mbmanubank.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. Press Contact: Bianca Repasi SourceCode Communications