10x Banking, the cloud-native core banking platform, has entered a multi-year partnership with Remara, an Australian asset management and lending provider.

Remara will implement 10x’s platform to support the launch of mortgage, commercial lending, term investment and novated lease products.

The platform is intended to provide flexibility and speed for customers across Australia’s alternative finance sector.

Across the APAC region, investment in core banking technology is increasing.

Both alternative lenders and established institutions are modernising, with the APAC core banking market projected to grow at a 10.6% CAGR through 2032.

Remara selected 10x following a market review, seeking a platform capable of supporting tailored offerings for underserved client segments.

The company highlighted 10x’s API-first and event-driven architecture as a key factor in enabling rapid product development.

Andrew McVeigh, Managing Partner at Remara, said:

“10x Banking’s platform puts us in the driving seat for product and delivery flexibility, letting Remara go to market faster with innovative, specialist lending solutions that really meet our customers’ needs. Australia’s financial services sector is modernising fast, and being able to offer something different to the market is vital.”

10x continues to expand in the ANZ region, with Remara becoming its ninth client.

This growth complements recent wins in APAC through its partnership with Constantinople and a collaboration with The Co‑operative Bank of New Zealand.

Antony Jenkins, Founder and CEO of 10x, said:

“Our partnership with Remara is the latest proof point that cloud-native platforms can deliver differentiation and tangible value to both businesses and end users.”

Featured image credit: Edited by Fintech News Australia, based on image by mkmult via Freepik