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10x and Westpac partner to launch flexible transaction banking platform
May 27, 2022
10x Banking (10x), the financial technology firm that is disturbing the center banking sector, today declares that it will develop its organization with Westpac, to launch a market-driving transaction banking platform for the bank’s institutional clients.
10x Banking is going from one solidarity to another with clients across three mainlands including the successful launch of Westpac’s Banking as a Service offering (BaaS) last year. The move into supporting Westpac’s transaction banking business is a hugely significant step in 10x’s essential development plans while likewise underlining our clients’ trust in our platform’s ability to help their ambitions.
Antony Jenkins CBE, Founder, Chairman, and CEO of 10x Banking remarked, “The financial business is encountering an extreme change and Westpac is playing the main job in its change. Utilizing our innovation to support the new stage is a sensible next step in its transition to cloud-native technology.
At 10x we’ve built the technology I generally longed for when I was running businesses in banking. We are excited to extend our association with Westpac.
Jeff Byrne, Managing Director of Global Transaction Services, Westpac Institutional Bank remarked, “Our clients are on the digital transformation journey and are searching for ways to use data to work on working capital. We need to empower them by maximizing access to ongoing information across a range of sophisticated cash management structures.
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