Prismm lets banks offer pre-death account access to heirs

Prismm has launched a platform that lets bank account holders grant designated family members access to accounts and documents before death. The service is designed to keep inherited funds within the same institution, according to TechCrunch.

The startup positions itself as a tool for banks rather than a consumer fintech. By integrating pre-death access into existing accounts, Prismm aims to reduce the risk of assets moving to competitors when beneficiaries transfer inherited money. No funding details or customer announcements have been disclosed.

The product arrives as banks face pressure to offer more than basic transaction services. Tangerine Bank’s Jodi Kovitz argued last week that entrepreneurs expect deeper financial tools from their banks, a trend Prismm appears to address for a different segment. Earlier StartupReader coverage noted banks shifting from buying AI startups to building in-house solutions, suggesting a broader push toward embedded, value-added services.

Prismm’s approach also reflects a growing overlap between fintech and estate planning. While digital wills and inheritance platforms exist, Prismm’s focus on bank integration—rather than direct-to-consumer sales—sets it apart. The question is whether banks will adopt the tool at scale, especially as regulators continue to scrutinize financial services. The Reserve Bank of India’s recent removal of Paytm Payments Bank from its scheduled list shows how compliance risks can affect even established players.

Sources: techcrunch.com