"Financial innovation" has become a four-letter word after the financial crisis, with many exotic financial instruments sending tidal waves of risk through a shaky system. However, Bank of The Internet (BOFI +1.42%) has tackled this bloated industry with innovation of a different sort: an online-only bank. Their branchless operation has dramatically increased their loans since inception and has some eye-popping potential.
1 Bank That Could Disrupt the Whole Banking Sector
By Matt Koppenheffer – May 6, 2013 at 5:00PM
NYSE: AX
Axos Financial
Market Cap
$4.6B
Today's Change
(1.42%) $1.16
Current Price
$83.10
Price as of November 11, 2025 at 1:39 PM ET
This revolutionary bank is tackling bloated incumbents.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.