WealthKernel embeds savings accounts with Griffin’s BaaS platform
Digital investment infrastructure provider WealthKernel has expanded its savings offering for fintechs and wealth managers through a new partnership with UK digital bank Griffin.
WealthKernel taps Griffin for savings accounts
Founded in 2015, WealthKernel provides investing capabilities via API, including brokerage, client onboarding, custody, and trading services.
Using Griffin’s Banking-as-a-Service (BaaS) platform, which was first made available to UK fintechs in September, WealthKernel has incorporated savings accounts into its API infrastructure.
In a statement, the London-based wealthtech says the accounts will allow customers to “earn interest on funds they may not yet wish to commit to longer-term investments”.
Karan Shanmugarajah, CEO of WealthKernel, explains: “By adding savings accounts, we’re not only enhancing the breadth of financial services that our clients can offer but also enabling their customers to take a more holistic approach to their financial health – whether they’re focused on building savings or investing for the future.”
Griffin previously enabled a similar integration for Marygold & Co UK, which tapped the platform in November to embed saving accounts into its upcoming money management app.
