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Tech Lowdown: Clear Books, Metro Bank, Modulr, Revolut and DataRobot

This week, our tech round-up features Clear Books’ integration with Metro Bank, Modulr joins fraud prevention initiative CoP, Revolut hits 500,000 business customers and Pathfinder from DataRobot.

22nd Sep 2020
Staff Writer AccountingWEB
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Clear Books integrate with Metro Bank

Accounting platform Clear Books has recently partnered with retail and commercial bank Metro Bank to offer free bank feeds and exclusive discounts to respective customers. 

The integration provides Metro Bank customers with access to Clear Book financial management tools via online and mobile banking by registering for a free Clear Books accounting trial. Customers will then have 30 days free access to manage their Metro Bank transactions in Clear Books, raise professional invoices and view financial reports. 

“This partnership provides users of both Clear Books and Metro Bank with great tools, a more aligned experience between the two products, and amazing discounts,” said Clear Books CEO Ruth Fouracre. 

Users can subscribe to Clear books at the end of the trial at a 25% discount. 

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Modulr announces Confirmation of Payee

Digital payment service Modulr has launched Confirmation of Payee (CoP), a fraud prevention initiative spearheaded by Pay.UK, to provide an extra layer of defence for customers from malicious redirect payment fraud (authorised push payment (APP) fraud). Modulr is the first non-bank or building society to join the initiative.

CoP allows users to check if the payment details entered match the details held by the recipient’s bank to protect against certain types of payment fraud. CoP is primarily aimed at protecting accountants and finance teams, as the primary target of accounts payable fraud and phishing or social engineering schemes.

CoP is the second Modulr product launch to come out of its £10m grant from the Capability and Innovation Fund (CIF) under the RBS Alternative Remedies package.

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Revolut refresh

Revolut Business announced that it has signed up a total of 500,000 business customers.

To celebrate reaching the 500,000 milestone, Revolut Business has launched several new products, updated their interface and navigation, added more mobile functionality, and launched dark mode for mobile apps. Revolut Business is also looking to expand into US and Australian markets, making it easy for businesses to move money between continents without the hassle. 

“The new structure of our Revolut Business web and mobile apps paves the way for some really exciting products we have in the pipeline. We can’t wait to take business accounts to the next level,” said Revolut CEO Nikolay Storonsky.

“Some exciting new updates include more Connect integrations, more Linked Accounts opportunities, more local account details, acquiring tools, key updates to subscriptions and expenses, a newly revamped Savings & Rewards, and more options for company cards.”

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DataRobot launches Pathfinder

Enterprise AI DataRobot recently released public library Pathfinder – including 100 AI use cases providing information on AI applications and offering optimal AI applications for individual customer business needs.

To help more individuals successfully deploy AI, Pathfinder offers insight into which use cases are commonly implemented across 14 industries to illustrate the variety of problems that AI can solve. 

For a number of high-value use cases, Pathfinder also provides detailed guides on how organisations can implement them from both a technical and business perspective.

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