Teachers Building Society forms savings partnership with Akoni Hub

Katie Horne
Posted by Katie Horne
Posted on December 18, 2020 Leave a comment

Teachers Building Society has formed a partnership with Akoni Hub, which will see the Society, founded in 1966 to help teachers onto the property ladder, promote its products to Akoni’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 partnership 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 Building Society 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, three minute digital onboarding and 100 percent digital experience enables a fully digital Cash-as-a-service-Solution.

Simon Beresford, CEO of Teachers Building Society, said that the Building Society’s partnership with Akoni Hub would diversify its sources of funding.

He said: “The Akoni Hub platform is recognised by clients as a powerful cash management tool, and we believe that the combination of Akoni’s platform and Teachers Building Society’s competitive products is a great opportunity to extend our position in the UK savings market.

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

Felicia Meyerowitz Singh, co-founder and CEO at Akoni Hub, added: “We’re delighted to welcome Teachers Building Society to the Akoni Hub platform.

“By working together with Teachers Building Society, 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.

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