Prismm provides an estate orchestration platform that integrates directly into a bank’s existing core systems at the point of account origination, automating the transfer of assets when a customer dies. By replacing manual, paper‑driven processes with verified, compliant workflows, it reduces transition times from months to weeks, helping banks retain deposits, lower compliance risk, and acquire new beneficiary relationships.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions lose a significant portion of deposits when account holders die because they lack an integrated system to manage estate transitions. Manual, paper‑driven processes take 6–18 months, increase compliance risk, and result in lost beneficiary relationships.
Solution
Prismm offers an estate orchestration platform that embeds directly into a bank’s core banking system at the point of account origination. The platform automates the verification of death events, triggers access delegation, and executes digital account transition workflows, reducing transition times from months to weeks. By providing auditable compliance trails and AI‑driven estate readiness insights, Prismm enables banks to retain assets, capture new beneficiary accounts, and turn estate events into a growth engine. The solution is built as foundational infrastructure, not a bolt‑on, and meets SOC 2 Type II security standards.
Target Audience
Primary customers are banks and credit unions that manage consumer deposit accounts and seek to automate estate transitions while preserving assets and compliance.
Features
- Core‑banking integration at account origination, eliminating the need for separate bolt‑on modules
- Life‑event verification engine that automates validation of death certificates and legal documents
- Triggered access and delegation system that activates designated contacts and permissions upon verified events
- End‑to‑end account transition automation workflow with auditable compliance trails, reducing processing time to weeks
- AI‑powered estate readiness (Prismm Lens) that identifies gaps and prioritizes outreach to potential beneficiaries
- Intergenerational retention tools that engage next‑of‑kin before a death event to capture new deposit relationships
- Patent‑protected technology ensuring a unique, infrastructure‑level solution for estate management