Investec has entered into an agreement with Akoni Hub, which will see the UK arm of the global bank and wealth management group promote its products to the latter’s clients.
Akoni Hub is a cash management platform provided to Financial Advisers, wealth managers and wealth platforms on a white label basis for High-Net Worth clients, as well as SMEs and charities. The collaboration marks a year of specialist wealth focus growth with Akoni working with Top 50 Wealth firms and UK leading wealth platforms. The marketplace enables clients to manage their risk and maximise their FSCS protection through diversification and includes unique bank ratings through Fitch Financial Implied Ratings.
Further growth is being driven by the Cash platform’s unique adviser benefits including a range of tools providing cash solutions for individuals, businesses as well as SIPPs, Power of attorney and trust cash. 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 tools, 3 minute digital onboarding and 100 percent digital experience enables a fully digital Cash-as-a-service-Solution.
Investec’s David Hunt explained that the Bank’s agreement with Akoni Hub would diversify its sources of funding.
He said “The Akoni Hub platform is a powerful cash management tool, and we believe that the combination of Akoni’s platform and Investec’s competitive products is a great opportunity to extend our position in the UK savings market.”
Felicia Meyerowitz Singh, co-founder and CEO at Akoni Hub, added “We’re delighted to welcome Investec to the Akoni Hub platform. By working together with Investec, we are able to expand the range of attractive savings products available to our clients to provide them with better rates of interest and a reduction in risk, all within one digital application.”
Find out more about Akoni: Akoni is an award-winning UK cash platform, which provides a marketplace to financial advisors and wealth managers through a bespoke white-label offering, or off-the-shelf offering. Akoni uses innovative technology to personalise cash planning solutions for clients, and also provides a full API solution to banks and insurance clients.