Axos Aims to Expand AI-Powered Financial Services With Arc Acquisition

Axos Financial subsidiary Axos Nevada Holding plans to acquire Arc Technologies to expand Axos’ artificial intelligence capabilities and enhance its ability to serve small businesses across the United States. The companies have entered into a definitive agreement for the acquisition and expect the transaction to close this month, subject to customary closing conditions, Axos Financial said in a Tuesday (July 7) press release . Axos Financial is the holding company for Axos Bank , which provides