Key Takeaways
- • 10x Banking, a London-headquartered cloud-native core banking platform, has secured a multi-year partnership with Remara, an Australian alternative asset manager and lender, marking the platform's ninth ANZ-region client.
- • Remara will deploy 10x Banking's API-first, event-driven architecture to accelerate time-to-market for new mortgage, commercial lending, term investment, and novated lease products across Australia and Southeast Asia.
- • The partnership underscores growing demand for next-generation core banking technology in the APAC region, where the core banking market is projected to grow at more than 10% compound annual growth rate through 2032.
- • 10x Banking's platform provides Remara with the technical flexibility and control required to differentiate its alternative lending offerings and scale operations across the Asia-Pacific region.
- • The partnership validates 10x Banking's competitive positioning following its Best of Show award at FinovateEurope 2023, demonstrating institutional traction in both established and emerging fintech markets.
Summary
10x Banking, a London-based cloud-native core banking platform, has announced a strategic partnership with Remara, a Sydney-headquartered alternative asset manager and lender. The multi-year engagement positions 10x Banking's technology stack as the foundational infrastructure for Remara's product development and regional expansion across Australia and Southeast Asia.
Remara selected 10x Banking specifically to accelerate the launch of new financial products, including mortgages, commercial lending facilities, term investment vehicles, and novated lease offerings. The selection reflects Remara's need for a core banking partner capable of supporting the specialized, differentiated products that characterize alternative lending and asset management. According to the partnership announcement, 10x Banking's API-first and event-driven architecture will enable Remara to bring new solutions to market faster while maintaining the operational control necessary to maintain competitive differentiation in the alternative finance market.
The partnership represents 10x Banking's ninth client acquisition in the ANZ (Australia, New Zealand) region, signaling deepening institutional adoption of its platform among both established and emerging financial services providers. Antony Jenkins, Founder and CEO of 10x Banking, emphasized that the partnership demonstrates the maturity of Australia's alternative lending ecosystem and the broader market shift toward next-generation core banking technology. The APAC core banking market is anticipated to expand at more than 10% compound annual growth rate through 2032, positioning both players to capitalize on structural growth in the region.
10x Banking secured recognition as a technology innovator following its Best of Show award at FinovateEurope 2023, validating its platform maturity and competitive positioning. The Remara partnership extends this traction into the alternative lending and asset management segments, markets characterized by demand for operational agility and product flexibility that legacy core banking systems cannot readily provide.
Remara selected 10x Banking specifically to accelerate the launch of new financial products, including mortgages, commercial lending facilities, term investment vehicles, and novated lease offerings. The selection reflects Remara's need for a core banking partner capable of supporting the specialized, differentiated products that characterize alternative lending and asset management. According to the partnership announcement, 10x Banking's API-first and event-driven architecture will enable Remara to bring new solutions to market faster while maintaining the operational control necessary to maintain competitive differentiation in the alternative finance market.
The partnership represents 10x Banking's ninth client acquisition in the ANZ (Australia, New Zealand) region, signaling deepening institutional adoption of its platform among both established and emerging financial services providers. Antony Jenkins, Founder and CEO of 10x Banking, emphasized that the partnership demonstrates the maturity of Australia's alternative lending ecosystem and the broader market shift toward next-generation core banking technology. The APAC core banking market is anticipated to expand at more than 10% compound annual growth rate through 2032, positioning both players to capitalize on structural growth in the region.
10x Banking secured recognition as a technology innovator following its Best of Show award at FinovateEurope 2023, validating its platform maturity and competitive positioning. The Remara partnership extends this traction into the alternative lending and asset management segments, markets characterized by demand for operational agility and product flexibility that legacy core banking systems cannot readily provide.
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