Prismm helps banks keep inherited money in-house
AI-summarised brief · reviewed before publication
Prismm, a fintech startup founded in 2020 by sisters Martha Underwood and Shella Sylla, is debuting its inheritance‑management platform at TechCrunch Disrupt 2026. The service embeds beneficiary designation and estate‑planning tools directly into bank accounts, allowing customers to pre‑authorize heirs and store critical documents. When an account holder dies, designated relatives can access assets and initiate transfers remotely, reducing manual paperwork and keeping funds within the originating institution. Prismm offers two products now—Designate, which streamlines beneficiary updates, and Anchor, a secure hub for multi‑institution asset tracking—and is preparing a third, Continuity, to guide families step‑by‑step through the transfer process. The company claims banks lose billions annually to “estate attrition” because they lack such infrastructure and could improve customer retention rates.
💡 Why It Matters
- · Digitizing inheritance workflows turns a costly attrition point into a retention lever, giving banks a direct means to keep inherited deposits and the next generation of clients in‑house.
