BanxCorp is a privately-held financial services firm established since 1984.
Over a period of three decades, the company’s BanxQuote unit was the foremost provider and licensor of indexes and analytics used as a barometer of the U.S. banking and mortgage markets until its exit in 2015. Its banking and mortgage benchmarking solutions, historical indices and analytical tools have been available online for nearly two decades on WSJ.com, The Wall Street Journal, Bloomberg Professional terminals, and other leading media. BanxQuote was featured by the White House in the 2008 Economic Report of the President.
Clients of the firm have included hundreds of financial institutions nationwide. BanxQuote operated an online B2C national banking and mortgage marketplace for 15 years, until its exit in 2010.
From the mid 80s until the late 90s, the firm’s predecessor, MasterFund Inc., also led by its founder and CEO Norbert Mehl, had joint ventures with various retail and wholesale fixed income broker dealers, with a physical presence on their trading floors. During this period the firm originated, routed and facilitated the placement of several billion dollars of consumer and institutional brokered deposits at hundreds of banks nationwide.
The BanxQuote Internet Banking Network
According to The Wall Street Journal, BanxQuote operated “the most comprehensive network of Co-Branded Banking Centers on the Internet in partnership with leading media.” The network was “a source of dynamically updated deposit and loan rates, online banking and trading, global electronic commerce and other financial market data, quoted by leading financial service providers in each market.” It also featured state–by-state, regional and national composite benchmarks, as well as useful links and snapshot profiles of the financial institutions.
Professional Capital Market Monitors
Aside from the Internet, the BanxQuote electronic network was available on over 400,000 institutional monitors worldwide, providing a valuable pricing source to the retail and wholesale money and credit markets.
Institutional Research Services
Clients of the firm have included numerous leading financial institutions, such as Citibank, Merrill Lynch, Smith Barney, JP Morgan, Salomon Brothers, Fidelity Investments, Bank of America, Dean Witter, Prudential Insurance Co , Depository Trust Company, Charles Schwab, Paine Webber, Oppenheimer Capital, Bear Steams, Scudder, Alliance Capital, Pimco Advisors, Nuveen, Metropolitan Life, NY Life, GNA and others.
Institutional Advisory, Business Development & Funding Services
BanxQuote specialized in providing expert strategic advisory, new business development and funding services to domestic and foreign financial institutions, including commercial banks, investment banks, brokers and dealers in the retail and wholesale money and credit markets.