DigiZoo and Pennant Technologies have formed a partnership to co-deliver lending solutions across Australia and New Zealand.
The partnership aims to help lenders modernise operations and launch new products quickly without the cost and risk of replacing core banking infrastructure.
The agreement pairs Pennant’s pennApps Lending Factory, an API-driven end-to-end lending platform, with DigiZoo’s expertise in enterprise integration and digital banking implementation.
“We have seen first-hand how much time and cost lenders lose trying to work around platforms that were never designed for their business,”
said Rajeev Sharma, Chief Business Officer, Pennant Technologies.
“By combining our lending platform with DigiZoo’s integration expertise, we can give lenders a credible path forward, one that delivers real capability without forcing them to start from scratch.”
For traditional banks and mutuals, the pennApps modules connect directly into existing core banking environments to extend digital lending capabilities.
For non-bank lenders requiring a full system replacement, the partnership provides a unified, end-to-end platform covering origination, loan management, servicing, collections, and hardship.
The system supports multiple product types, including residential mortgages, asset finance, business loans, consumer lending, invoice finance, and term loans.
“Our focus has always been to work with clients on their complex banking technology programmes and assist them in achieving successful delivery,”
said Rob Kassis, Chief Executive Officer, DigiZoo.
“Pennant’s platform gives us another proven solution to work with, a lending system that is genuinely configurable, API-driven and built to integrate.”
Pennant Technologies provides its composable lending platform to more than 60 financial institutions globally, while DigiZoo specialises in connecting legacy infrastructure with modern digital banking capabilities.
Featured image credit: Edited by Fintech News Australia, based on image by diwdom5355 via Magnific
