Our two service partners are Starling Bank and Meteor Asset Management (MAM). Starling Bank provides the service bank functionality of the Raisin UK Account, holding and transferring deposits between the customer, and either MAM or partner bank accounts, and providing FSCS protection to the deposit in this time.
MAM acts as a deposit administrator for some of our partner banks, holding deposits in a bare trust arrangement, and transferring money in grouped batches between the Starling Bank-operated Raisin UK Account and partner bank accounts.
As well as offering retail customers savings accounts via our marketplace, we also have a network of B2B partnerships leveraging our Savings as a Service technology. For example, we worked with Aviva to launch Aviva Save, allowing the pension and investments specialist to enter the cash savings market for the first time in the UK. We also have partnerships with Willis Owen, AJ Bell, Yolt and Monese.