10x Banking (10x), the fintech firm disrupting conventional banking, recently announced that it intends to deepen its partnership with Westpac, to unveil a transaction platform with market-leading banking services for the bank’s institutional clients.
10x Banking endures developing in popularity with clients across three continents. Last year, it successfully unveiled Westpac’s Banking as a Service (BaaS) offering. This effort to support Westpac’s transaction banking business is an extremely critical step in 10x’s strategic growth plans while underscoring their customers’ confidence in the platform’s ability to support their ambitions.
Antony Jenkins CBE , Founder, Chairman and Chief Executive Officer of 10x Banking, said: “The banking industry is undergoing radical change and Westpac is playing a leading role in its transformation. Using our technology to underpin the new platform is a logical step in its move to “cloud-native” technology.
Antony further stated “At 10x, we’ve built the technology I always dreamed of when running businesses in banking. We are delighted to extend our partnership with Westpac.”
Jeff Byrne, Managing Director of Global Transaction Services at Westpac Institutional Bank, commented, “Our clients are on the path to digital transformation and looking for ways to use data to improve their working capital. We want to empower them by maximizing access to real-time data through a range of sophisticated cash management structures.”