Technology provider 10x Banking is providing the core technology for a new platform for Westpac.
In Brief:
Westpac is working on a transactional platform for institutions.
It'll offer liquidity management, cash flow forecasting and real-time payments processing.
It’s hoped that the platform will help Westpac’s clients to improve their productivity and cost efficiency.
What does this mean?
10x Banking already has a relationship with Westpac which invested in its Series C funding round last year. 10x will be one of multiple partners Westpac will work with over the coming years on the platform development.
