Westpac flags more fintech deals after SocietyOne tie-up
Westpac will share its banking licence with lender SocietyOne, its second fintech partnership in five months after Afterpay, and a senior executive expects more such deals this year.
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Westpac will share its banking licence with lender SocietyOne, its second fintech partnership in five months after Afterpay, and a senior executive expects more such deals this year.
Lending fintech SocietyOne joins Westpac's 10X digital banking platform, following Afterpay, giving its customers transaction accounts from late 2021. Westpac has backed SocietyOne since 2014 via Reinventure, alongside other Australian backers.