Shawbrook Bank forms savings partnership with Akoni Hub

Imke Herholdt
Posted by Imke Herholdt
Posted on October 22, 2020 Leave a comment

Shawbrook Bank has formed a partnership with Akoni Hub, which will see the specialist UK savings and lending bank promote its products to the latter’s clients.

Akoni Hub 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.

Alun Williams, Commercial Director for Savings at Shawbrook Bank, said that the Bank was delighted to partner with Akoni Hub to diversify its sources of funding. “The Akoni Hub platform is recognised by its clients as a powerful cash management tool, and we believe that the combination of Akoni’s platform and Shawbrook Bank’s competitive products is a great opportunity to extend our position in the UK SME savings market. We look forward to working closely with Akoni Hub and making our savings solutions available to a wider audience via their platform.”

Felicia Meyerowitz Singh, co-founder and CEO at Akoni Hub, added: “We’re delighted to welcome Shawbrook Bank to the Akoni Hub platform. This partnership expands 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 online application.” 

About Akoni: Akoni is an award-winning UK cash platform, which provides a marketplace to SMEs and charities, as well as to individuals through our white label distribution partners including IFAs, wealth platforms, accountants and SME hubs. Akoni uses innovative technology to personalise cash planning solutions for clients, and also provides a full API solution to banks and insurance clients.

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