I want you to review how the electrical connections are made for this. The Kraken M22 manual says you should plug the 3-pin connector on the cable from the PUMP unit into a mobo header called CPU_OPT or PUMP or AIO_PUMP or something like that. Then the 4-pin connector on the cable from the rad FAN should go to the CPU_FAN header. Then there's a cable to connect from a socket on the side of the pump to a mobo USB2 header. And finally you should download and install the CAM software utility from NZXT's website. You have not told us what mobo you have, so I don't really know what mobo headers you have.
If you did this all the way they recommend, what happens is that the PUMP is connected to a constant 12 VDC power supply and always runs at full speed, which is 3,000 rpm. All cooling of the CPU is controlled by the CPU_FAN header which changes the speed of the rad fan to control heat removal rate. That fan has a max speed of 2,000 rpm. I suggest yeou check into the CAM software tool and se what it reports for the two device speeds - it is sure to read them correctly IF you plugged things in as instructed.
Now, assuming that you did it all correctly, you do have the rad fan connected to the CPU_FAN header. So the third-party utility Speedfan may well be telling you the truth about the speed of that fan. And here's the point: at a low CPU temperature (38C) Speedfan says the rad fan speed is either 980 or 1040 rpm, depending on which value you read, whereas the MAX speed for a hot CPU would be 2000 RPM. That seems to me reasonable, so I would suggest you do not need to worry.