Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SME Digital Cash Treasury Manager Akoni Partners With Fitch Solutions To Distribute Financial Implied Ratings

SME Digital Cash Treasury Manager Akoni Partners With Fitch Solutions To Distribute Financial Implied Ratings

Akoni, the digital cash treasury manager company, today announced it has partnered with Fitch Solutions to offer Financial Implied Ratings (FIRs) through the Akoni platform.

FIRs from Fitch Solutions will enable Akoni to offer clients an impartial assessment of the credit worthiness for many banks, building societies and other non-bank financial institutions included on the platform, that may not be rated by one of the “big three” rating agencies. The Fitch FIRs provide an indicator of the standalone financial strength for 23,800 banks globally including over 20,500 unrated banks using a 19-point scale starting from ‘aaa’ at the upper end, down to ‘c’ at the lower end of the credit spectrum.

Akoni ensures maximum deposit returns for its clients through the portability of cash and cash management tools that lets users choose the best deposit accounts for their cash and savings – with the best interest rates. The platform is available directly to businesses, not-for-profit organisations, charitable trusts and high net worth individuals. Clients can register to view the full marketplace of business deposit products from more than 80 UK banks and building societies, and then choose to instruct Akoni to execute deposit transactions on their behalf.

“Fitch Solutions’ Financial Implied Ratings (FIRs) provides our clients with a valuable risk-weighted input into their credit decision making process,” said Felicia Horowitz Singh, CEO of Akoni. “With this solution, users will have a

better independent expert view to help them compare the products from different banks and make a risk weighted decision on which banks or building societies to make deposits with – taking into account their credit rating.”

Fitch Solutions offers the most extensive coverage of fundamental data for UK banks available in the market. The Fitch Solutions Financial Implied Ratings are a statically robust estimate of the standalone financial strength for UK banks. The data is regularly updated and distributed daily.

More information about how Akoni and Fitch Solutions have partnered is available online at: http://your.fitch.group/fitch-solutions-success-story–akoni.html.

Akoni Fitch-Partnership

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post