Akoni+Hub+Limited

Akoni provides Cash-as-a-Service with a cash marketplace and cash management solution to the wealth sector.The white label platform works with Private Banks, Wealth platforms and IFA/Wealth management firms providing solutions  for their end-customers. This addresses risk/regulatory requirements, as well as benefits to clients across a range of holistic financial wellness relating to cash, including for clients targeting cash and digital solutions for intergenerational wealth transfers.

Benefits to our wealth partners for the firm and end-customers include:

• Providing Relationship Managers/Wealth managers and advisers with visibility of cash, enabling ongoing tracking of cash from multiple sources, as well as a self-service platform for clients.
• Increasing returns on cash for clients, specifically during a covid19 environment with BoE rates at 0.10%, we still have banks paying 10x.
• Spreading risk/multi-bank management – across FSCS government guarantee and using Fitch Financial Implied Ratings (FIRs).
• Ensuring regulatory and governance obligations are met – including Investment pathways cash solution and fiduciary obligations relating to cash within wraps.
• Increasing assets under influence, by including customer cash both on and ‘off-platform’.
• Cash solutions for inter-generational wealth – with digital ‘family’ portfolios across generations, as well as business, charitable and personal cash management. The platform provides fully digital AML/KYC with no form filling; leveraging Open Banking for a full view of all cash and savings prompts. This is especially beneficial during these times of remote work.

Akoni is an API first platform in addition to a portal option.  We also provide rapid deployment roll-out and work with various top 10 IFA firms as well as platforms. The firm is FCA regulated and works with banks and building societies including Aldermore, Arbuthnot, Barclays, BLME , Cater Allen, Investec, Shawbrook and Teachers Building Society amongst others.