back Back

WealthKernel launched their new digital SIPP over API

By Joy Dumasia

August 30, 2021

Share

WealthKernel, a wealthtech provider for digital investment services, announced its new digital SIPP (self-invested pension plan) offering. The new functionality will enable WealthKernel’s clients to offer digital SIPPs to their customers, using WealthKernel’s new API product wrapper.

The new digital SIPP offering, which is integrated over API, will enable WealthKernel’s clients to future-proof their business with a regulated, digital-first proposition that meets modern customers’ needs whilst still offering the option of paper-based pension transfers where required.

WealthKernel’s digital offering arrives when younger, digitally native consumers engage more actively with their finances and demand increased access to financial products. With most SIPPs on the market still relying on paper-based transactions, WealthKernel’s digital SIPP now provides an innovative, digital-first alternative to those wanting to be more proactive with their pension savings.

Penny, a pension-tech firm that uses automation technology to help users find and transfer all their pensions savings into one place, is one of the first businesses to integrate WealthKernel’s digital SIPP. Penny will use the product to offer its users additional retirement saving capabilities alongside their traditional pension pots. ‍‍

Karan Shanmugarajah, CEO of WealthKernel, said: “SIPPs are a precious savings vehicle that allows people to have more say over how their pensions are invested, and we’re thrilled to be helping bring them to a wider audience. Thanks to seamless integration with our APIs, fintechs, large and small, will be able to support their customers with greater flexibility for their retirement savings. We look forward to working with the likes of Penny and many other forward-thinking businesses to help improve access to wealth management services.”

Recently, IBS Intelligence reported that WealthKernel, announces that US halal and ethical focused investment firm, Wahed, has migrated its investment offering entirely to WealthKernel’s trusted APIs. This partnership sees WealthKernel providing KYC, trading, portfolio management & rebalancing, custody, and ISA tax wrappers for Wahed’s users in the UK.

Previous Article

August 30, 2021

SavvyMoney launches its 500th Financial Institution Partner

Read More
Next Article

August 30, 2021

F1 Payments, a FinTech company adds key executives to fuel growth

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ageras to acquire French FinTech Shine from Societe Generale

Read More

Today

SumUp & Adyen partner to bring faster payouts to SMEs globally

Read More

Today

Curlec & Seedflex strengthen businesses in Malaysia with PAYS Advance

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023