Highlights:
- NAB logs on to Pollinate to deliver insights to Small and medium businesses
- Targets a pilot of Pollinate in March 2021 ahead of rolling out the technology across its customer network.
- NAB is the second bank to join the Pollinate network, together with NatWest. The platform was launched by NatWest as Tyl in the UK in September 2019.
As digital adoption accelerates in the wake of COVID-19, NAB has partnered with Pollinate, a global cloud-based platform designed to give small businesses real-time insights to help them better manage and grow their businesses.
NAB announced a suite of innovations which will bring real-time sales analytics to small businesses, as well as savings on merchant transactions through greater flexibility and choice.
Leveraging Pollinate’s platform, NAB will give businesses the information they need to make decisions about their daily sales at their fingertips
NAB Executive
Likened to internet banking for merchants, Pollinate provides sales analytics to SMEs at their fingertips.
The bank’s business customers will be able to view their sales data, track average transaction value, compare day periods and even filter by payment type.
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“Leveraging Pollinate’s platform, NAB will give businesses the information they need to make decisions about their daily sales at their fingertips,” said a NAB Executive.
As the gap between the digitally empowered and others increases, it is important for small businesses to embrace digitisation, preferably on an easy to use a single platform.
Pollinate, which NAB will also be a minority investor in, is scheduled to be rolled out to the bank’s customers in early 2021.
