Search Results for "10x Future Technologies"
3 results for "10x Future Technologies"
Deals 3
Westpac Launches BaaS Platform with Afterpay as First Partner
Westpac launched a cloud-native banking-as-a-service platform in October 2020, with Afterpay as its inaugural partner. The platform enables fintechs to offer embedded transaction accounts, savings accounts, and cashflow tools under Westpac's banking license. Afterpay planned to roll out these services to its 3.3 million Australian customers by Q2 2021.
Westpac Partners with 10x Future Technologies to Build BaaS Platform
Australian bank Westpac partnered with UK fintech 10x Future Technologies to build a standalone banking-as-a-service platform. The deal, announced during Westpac's full-year results, enables institutional customers and fintech partners to distribute Westpac banking products. Westpac also plans a minority equity investment in 10x.
CYBG Scraps Virgin Money Digital Bank Project, Drops 10x Future Technologies
CYBG terminated Virgin Money's digital bank project and ended a related contract with core banking middleware provider 10x Future Technologies. Instead, CYBG chose to pursue its own iB cloud-based digital banking platform. This decision followed CYBG's acquisition of Virgin Money and reflected a preference for in-house technology over fintech middleware partnerships.