NatWest has announced plans to streamline its digital property transactions as it signs a formal agreement with PEXA Group.

PEXA Group is a data insights business that provides a digital settlement platform designed to provide quicker access to the proceeds of a sale and near real-time tracking on property settlements.

NatWest has agreed to proceed with an implementation programme with a view to transacting mortgage transactions by the end of the first half of 2026, with the intention of also facilitating Sale and Purchase transactions.

Barry Connolly, MD home buying & ownership at NatWest said that the new platform will help to "reduce the administrative burden and reduce the risk of fraud", as well as accelerate processes through the automatic sharing of data between parties.

"We always place our customers at the centre of everything we do," said Barry Connolly, MD home buying & ownership, NatWest. "Growing our business can only be successful if we are anticipating and meeting our customers’ needs.

"To do this, we use data and technology to make property transactions and re-mortgage processes more efficient."

The move follows an initial strategic partnership between the two businesses in April 2024 to explore the platform’s capabilities.

NatWest conducted 12.6 per cent of all mortgages in the UK market last year.

It has since expanded its reach further in 2025 after its acquisition of Metro Bank’s residential mortgage book last year, which is worth £2.4 billion.

On Wednesday, NatWest announced a five-year collaboration with Amazon Web Service (AWS) and Accenture to modernise the banks’ digital, data, analytics and AI capabilities.

As part of the modernisation, NatWest is using AI to consolidate various data streams into a simple platform which is designed to provide a more efficient and cohesive experience as well as improve operational performance and reduce costs.

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