UK : NatWest piloting a spend management app for businesses

NatWest has collaborated with SpendLabs, a Silicon Valley-based startup, to develop and launch the ClearSpend app to give business owners greater control of their spending. The app will provide commercial credit card spending insights in the hopes of enhancing card spend management solutions for businesses.

The pilot stage currently involves 100 NatWest commercial credit cards, but could expand to NatWest, RBS and Ulster Bank customers. “This is another example of how we are working alongside enterprising new technology businesses to develop innovative solutions that will really make a difference to our customers,” NatWest Chief Executive Officer of commercial and private banking Alison Rose said in a statement. “Every business owner knows the importance of budget control. And that includes monitoring expenditure on commercial cards.” next 12 months, and a quarter expect they will expand into new markets.
 

"ClearSpend is another example of how we are working alongside enterprising new technology businesses to develop innovative solutions that will really make a difference to our customers."

Alison Rose, CEO, commercial & private banking, NatWest
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