Natwest, part of Royal Bank of Scotland (RBS), has rolled out bank account aggregator feature on its mobile app.
The feature will enable the Natwest customers to view all their accounts from other financial providers on the Natwest app.
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Natwest bank account aggregator
The ‘Accounts with Other Banks’ function, made possible through open banking, requires few minutes to setup. Once completed, customers of the British bank can view their current accounts from 15 different UK banks.
The feature offers account information, balances and transactions from other accounts. It provides a complete financial overview on a single screen enabling the customers to track their expenditures and savings.
Additionally, it eliminates the need to visit different banking apps to check balances.
NatWest Personal Banking chief digital officer Frans Woelders said: “We’re excited to be offering this service so our customers will be able to review their finances much more easily from the comfort of their own homes or on the go.
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By GlobalData“This is an important step in our mission to transform our digital services, focusing on digital innovation and using the latest Open Banking technology, to help make people’s banking lives easier.
“This feature is the first in a number of innovations we are working on to help customers manage their money more effectively and improve their financial wellbeing.”
Currently, the bank account aggregator service is available on iOS devices only.
Other UK-based banking majors such as Barclays, Lloyds and HSBC have already launched their bank account aggregator services.
