Exizent, the
Glasgow-based tech firm, has announced a pilot project with Scottish Building Society,
to help families navigate legal and financial processes when an
account holder passes away.
The new system aims to simplify the entire journey, from notice
that a customer has died, to identifying their accounts, releasing
any funds held and closing the case.
In September 2020, Exizent secured £3.6 million in funding to
transform the way the legal and financial services industries deal
with bereavement, by building the first ever platform that connects
data, services and the network of people involved when someone
passes away.
The company's ongoing mission is to reduce uncertainty, increase
speed and make it far simpler for everyone involved. As well as
working closely with legal services firms, Exizent is also
partnering with Scottish Building Society to understand the issues
from both sides.
Nick Cousins, CEO and co-founder of Exizent (pictured left with
COO and Co-founder Aleks Tomczyk) said: "The partnership with
Scottish Building Society will enable us to gain insight from the
perspective of financial institutions with the ultimate aim of
enabling both to work together seamlessly to ensure the information
needed to grant probate and release funds is exchanged quickly and
efficiently."