Glasgow fintech partners with leading building society

26 Mar 2021

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."