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Tech Lowdown: Futrli, Clarity, Revolut, NatWest and more

This week, our tech round-up features new partnerships from Futrli and Clarity, iProov and NorthRow, an Amex integration from Revolut, new features and products from Santander and NatWest.

2nd Jul 2020
Staff Writer AccountingWEB
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Futrli partners with Clarity

Cashflow forecasting software Futrli and blockchain startup Clarity have teamed up to offer two packages to help accountants supporting their small business clients. The pair are offering a basic process and battle plan outlining how to quickly triage and deal with clients in a coordinated approach using the whole team.

The packages are a “blend of our vast experiences, as small business owners and accountants ourselves; on behalf of the small businesses asking us for help, and having run and worked with firms over the past number of years” said Futrli CEO Hannah Dawson.

Dawson also revealed that Futrli would soon be launching a prediction product."It's more than cashflow software," said Dawson, "it's prediction software for small businesses".

Revolut adds Amex to Open Banking feature

Last week, Revolut announced the addition of American Express (Amex) accounts to its Open Banking feature. 

UK Revolut retail customers will be able to connect their Amex accounts and view their balances, transactions and other account details solely via the Revolut app. Customers can also monitor their spending and set budgeting controls for their Revolut and Amex accounts via the automated and secure Open Banking connection.

NatWest launches cardless e-commerce payments and carbon calculator 

NatWest recently released the Open Banking service Payit, which allows cardless, online payments to be made to specific retails by customers of numerous lenders. NatWest plans to add refunds to the service shortly.

NatWest is also now offering its employees a carbon calculator to assess their environmental impact whilst working remotely and is offering advice on how to reduce their environmental footprint. Advice includes using LED lightbulbs, insulation and considering how electric devices are used and charged.

Santander pushes ahead with TransferWise competitor

Despite recent shortcoming for bank-built fintechs, the most recent being NatWest’s Bó, Santander has launched money transfer service PagoFX as a rival to TranswerWise.

Intended to add more competition into the already inundated payments market, PagoFX has big plans to disrupt the incumbents with plans to serve non-Santander customers.

iProov partners with NorthRow

This month, biometric authentication provider iProov has partnered with regtech specialist NorthRow to enable strict anti-money laundering regulations while onboarding customers and processing transactions remotely.

The partnership will expand their respective networks to include fintechs, building societies, world-leading estate agents and employee onboarding providers like Open Banking, Knight Frank and Modulr Finance.

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By Ian McTernan CTA
03rd Jul 2020 12:25

Pretty sure it's TransferWise, not TranswerWise, as stated in the body of the text.

And I know which service I'd rather use between a big bank's offering and a lean mean relative newcomer whose service to me has been excellent at all times.

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