NatWest has launched the Mettle business current account for SMEs.
Mettle is specifically designed to provide businesses with a new outlook on how to manage their finances. It combines a current account with invoicing, payment chasing and bookkeeping capabilities.
The Mettle business current account will enable customers to open up a business account within a matter of minutes. When the account is up and running it will forecast the user’s business performance and create invoices from their mobile device. It will also send financial nudges for upcoming payments.
Enabling a more seamless digital experience for SMEs
Currently, the Mettle business current account is in its pilot stage. UK small businesses can apply for early access to the Mettle pilot through its website.
Furthermore, those who choose to open an account will work alongside the Mettle team to give insights into how the platform will develop.
Commenting on the launch chief executive of commercial and private banking at NatWest, Alison Rose, said:
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By GlobalData“We are really excited to launch Mettle, the latest in a number of innovative offerings from NatWest. With a constantly evolving banking and technology landscape we know we need to adapt in order to offer new customer-focused solutions. The premise for Mettle lets our customers focus on ‘forward-looking’ finances. This combines technology and proactive insights so SMEs can make better decisions and run their businesses more successfully.
“Being able to engage with our customers and to get their direct feedback, at this early stage, is extremely important to us. We wanted to launch this new innovative account so that customers can focus on achieving their entrepreneurial goals. Also, they can stay on top of their financial commitments. With their invaluable insight, we hope to save our customers from worrying about daily account management and cash uncertainties of the future.”
Mettle, developed in partnership with 11:FS and Capco, aims to create an innovative end-to-end platform for businesses. It will run independently from the bank with both customers and non customers able to apply for an account.