RBS full year results from co-creators of Tyl by NatWest

Banking
14.02.2020 12:44 pm

In today’s full year results released by RBS, CEO Alison Rose commented on the success of the move back into merchant acquisition through Tyl by NatWest, as part of RBS's overall vision to help businesses and communities thrive. She highlighted “positive customer advocacy, over 1 million transactions processed and over 1,000 merchants onboarded.” Rose stated “We are very proud of our re-entry into merchant acquiring via our new proposition, Tyl, which is an innovation that is already making a difference to our customers.”

Tyl by NatWest is a merchant payment platform developed by Pollinate, working together with RBS over an 18 month period. It was launched in September 2019 in the UK and will launch in other markets in 2020.

Pollinate is a software company that helps banks innovate their payments businesses. The platform is cloud based – hosted in Azure – and powers merchant and consumer digital experiences. These include onboarding, portals and loyalty programs, which can be deployed without costly and distracting platform migrations. The Platform allows merchants to more effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities.

Al Lukies CBE, Founder and CEO of Pollinate, said: “We are hugely proud to have worked hand in hand with RBS to create Tyl. We are committed to supporting SMEs – a critical part of all local economies. Successful collaboration and innovation between fintechs and banks is critical to create the customer solutions of tomorrow, and we are delighted with what we are achieving with RBS.”