iFast Global Bank launches partnership with Akoni Hub

Kristian Harper
Posted by Kristian Harper
Posted on August 23, 2022 Leave a comment

iFast Global Bank has entered a partnership with Akoni Hub, offering its unique savings products via Akoni’s cash management platform.

Akoni Hub, part of the Stubben Edge Group, is a cash management platform for wealth managers and SMEs and has a client base made up of corporates, charities, and high-net-worth individuals. The platform enables the easy opening and managing of multiple savings accounts, providing customers with a single view of their cash. Those opening an Akoni account can access a range of products from multiple banks, now including those from iFast Global Bank.

iFast Global Bank (iGB), a licensed bank in the UK, aspires to provide global banking connectivity to its customers, corporates, and financial institutions around the world. iGB understands the changing dynamics in the world of finance and has the vision, motivation and skills to pioneer game-changing products and services using innovative technology.

iGB is pleased to enter an arrangement with Akoni and looks forward to working with them in the future.

The Akoni Hub platform enables clients to manage their cash savings. Its clients can set their desired level of risk through diversification and maximise protection either under the FSCS or equivalent. Akoni Hub also includes unique bank ratings through Fitch Implied Credit Scores.

Further growth is being driven by the platforms adviser benefits including a range of tools providing cash solutions for individuals and businesses as well as cash in SIPPs, under Power of Attorneys and Trusts. This also provides a single point of entry for clients and advisers, further enhancing our partners’ intergenerational wealth solutions.

The Financial Adviser zone, Open Banking and Open Finance tools, digital onboarding - all completely online - enables a fully digital Cash-as-a-Service solution.

Chris Kenning, CEO of Stubben Edge Group, added: “We’re delighted to welcome iFAST Global Bank to the Akoni Hub platform, this partnership will further enhance our offering to our clients. With 20 Bank Partners on our platform, clients now have access to a wide range of cash savings products and can spread their risk across these providers through Akoni Hub.”

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