Digital administrator – savings & investments
Quai Administration Services Limited is a digital administration company which provides an integrated, simplified administration platform for the high-volume personal savings industry. Quai’s platform administers thousands of individual savings plans at a fraction of the cost incurred by established insurance companies and wealth managers.
Quai was founded in 2011 by a team of industry experts who previously led the savings and investment administration business of BNP Paribas in the UK.
The investment will allow Quai to further enhance its proprietary technology platform, increase its marketing efforts and continue to meet regulatory capital adequacy requirements.
Recent legal and regulatory changes such as auto-enrolment and the Retail Distribution Review are changing the way large insurers, banks and other providers offer savings products to UK individuals. Mass distribution of individual savings plans is pressuring providers into offering high-volume, low-margin schemes and Quai hopes to take advantage of these changes.