Ex-bank advice exec secures £350k IFA software funding

Former operations director of the Co-operative Bank's IFA business Paul Alkins received the investment to bolster his new software Deposit Sense, which allows IFAs to manage their clients' bank accounts and potentially generate a new income. The product has been desigend to enable IFAs to compare interest rates and select and manage accounts, while it also facilitates the spreading of balances across multiple banking providers. Under the system, IFAs purchase a licence with Deposit Sense to offer the service to their customers and in return can charge the customers a fee. Every cus...