Remara and 10x Banking Announce Strategic Partnership to Power Alternative Finance in Australia

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

Remara will deploy 10x Banking’s core banking platform to accelerate the launch of new mortgage, commercial lending, term investment and novated lease products. The platform will enable Remara to deliver unprecedented flexibility and speed for customers across Australia’s emerging alternative finance sector.

Core banking transformation accelerating

Across the Asia-Pacific region, the pace of investment in core transformation is accelerating. Alternative lenders and established institutions alike are modernising rapidly, with the APAC core banking market expected to witness market growth of 10.6% CAGR through 20321.

As Remara builds out its strategy across the Australian and Southeast Asian region, the company needs a core banking platform that enables scalability and flexibility to intersect without compromise.

Remara selected 10x Banking after a comprehensive market review, seeking a solution capable of supporting unique, tailored offerings for underserved client segments. 10x Banking stood out as the only provider able to deliver an API-first and event-driven architecture needed to rapidly bring new products to market – giving Remara the control it needs to differentiate in a dynamic and competitive landscape.

Andrew McVeigh, Managing Partner, 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. With 10x, we can do that, building on a best-of-breed core foundation and executing on our vision for growth.”

10x Banking momentum continues with nine ANZ clients

10x Banking’s momentum in ANZ continues to accelerate, with Remara becoming its ninth client in the region. This ANZ growth forms part of 10x Banking’s expanding presence across the wider APAC market, fuelled by five recent wins secured through its partnership with Constantinople, and a newly announced collaboration with The Co‑operative Bank of New Zealand.

Antony Jenkins, Founder and CEO, 10x Banking said: “Remara’s decision to select 10x reflects both the maturity of Australia’s alternative lending scene and the broader shift towards next-generation core technology in the region. We’re committed to supporting innovative financial providers that make banking better for everyone. Our partnership with Remara is the latest proof point that cloud-native platforms deliver real differentiation and tangible value, both to businesses and end users. This is our ninth ANZ client, underlining the impact our local strategy is having for new and established players.”