Remara selects 10x Banking to scale alternative lending

Australian asset management and lending provider Remara has partnered with UK-based core banking technology firm 10x Banking, as part of a strategy to expand its footprint in alternative finance and modernise its core systems.

Under the agreement, Remara will deploy 10x Banking’s cloud-native core platform to support the launch of new mortgage, commercial lending, term investment and novated lease products. The move is intended to provide greater operational scalability and accelerate product development as competition intensifies across Australia’s non-bank and specialist lending markets.

The partnership comes amid heightened investment in core banking transformation across Asia-Pacific. The regional core banking market is projected to grow at a compound annual rate of 10.6% through 2032, reflecting increasing demand for flexible, API-driven infrastructure capable of supporting digital-first financial services models. Alternative lenders, in particular, are turning to modern core systems to address underserved customer segments and respond more quickly to market shifts.

Remara said it selected 10x Banking following a market review, citing the platform’s API-first and event-driven architecture as critical to delivering tailored offerings and reducing time to market. As the firm expands across Australia and into Southeast Asia, it is seeking infrastructure that allows product innovation without the operational constraints typically associated with legacy systems.

For 10x Banking, the deal marks its ninth client win in Australia and New Zealand (ANZ), reinforcing its regional growth strategy. The company has recently expanded its footprint in Asia-Pacific through partnerships, including multiple client wins via its collaboration with Constantinople and a separate agreement with The Co-operative Bank of New Zealand.

Antony Jenkins, Founder and CEO of 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,” he said. “This is our ninth ANZ client, underlining the impact our local strategy is having for new and established players.”

The agreement underscores a broader trend among alternative lenders seeking cloud-native core systems to support differentiated product strategies, regulatory agility and cross-border growth in an increasingly competitive regional market.