LEBC launches Bionic Cash powered by Akoni

Katie Horne
Posted by Katie Horne
Posted on November 17, 2020 Leave a comment

LEBC Group has formed a strategic partnership with Akoni Hub, to launch Bionic Cash - a cash management service for its clients. Established in 2000, LEBC Group has become a driving force within the independent financial advisory and employee benefits sector. 

Akoni Hub has provided the technology behind Bionic Cash to create a leading wealth sector cash marketplace which provides an easy to use cash management service for LEBC clients.

Financial Advisors working with LEBC Bionic Cash can now take advantage of increased market rates, simple and easy onboarding and hassle-free access to multiple banks all for their clients.  The platform provides deposits with leading banks, as well as the ability to spread funds across the government's FSCS protection up to £85,000 or £1Million for temporary events.

Kay Ingram, Director of Public Policy at LEBC said that the partnership with Akoni Hub would enable their clients  to make the most of their cash holdings, by allowing them to easily change between accounts; maximising interest whilst managing risk.

She said “Bionic Cash is a powerful cash management tool, and we believe that the combination of Akoni’s technology and LEBC’s advisory expertise is a great opportunity to provide our clients with a 360 degree service.”

“We look forward to working closely with Akoni Hub and making savings solutions available to a wider audience on our platform.”

“We are excited to work with LEBC as their Cash partner,” said Felicia Meyerowitz Singh, Co-founder and CEO of Akoni. 

“Advisers and wealth platforms are looking for new solutions to add value to clients as well as view all assets under influence, enabling increased returns and attracting new clients.  Akoni's platform is unique to IFAs, providing a Financial Adviser portal and range of support collateral. - Working with cash for individuals, POA’s, wraps such as SIPPs, businesses and charities - which truly help to strengthen the adviser/client relationship”

About Akoni

Akoni is a multi-currency cash and deposit management platform, providing specialist SME solutions and B2B2x cash marketplace solutions to banks and other enterprise clients for their end-customers. Akoni uses multiple data sources including open banking/open data, to personalise financial products, providing nudges and prompts, removing the lack of transparency and creating hassle-free movement of funds. The company is an award-winning and FCA regulated partnering with wealth platforms, financial institutions and various banks including Barclays, Clydesdale, Arbuthnot, Aldermore amongst others; in addition to channel partners – providing a marketplace within a marketplace solution for our white label API or portal solution for B2B2x

About LEBC

Established in 2000, LEBC Group has become a driving force within the independent financial advisory and employee benefits sector.
With a network of locations spanning the UK, we give our clients the power to take control of their financial future by delivering specialist advice on a local level, with the reassurance and support of a national operation. https://www.lebc-group.com/bionic-advice/bionic-cash

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