- Westpac Banking Corporation, an Australian banking giant, has announced a partnership with UK-based software company Dancerace to enhance its invoice finance operations.
- The collaboration aims to make it easier for Australian businesses with unpaid invoices to receive their cash faster.
- Dancerace, headquartered in Bath, provides software for the factoring, invoice discounting, trade finance, and asset-based finance marketplace.
- Westpac will replace its existing lending infrastructure with Dancerace’s c3Backoffice Control, f3 Client Onboarding, and e3 Client Access software systems.
- The upgrade is expected to simplify and streamline Westpac’s entire lending process, introducing automation to enhance how the bank’s customers manage their finance facilities.
- Alexis Barresi, Head of APAC Operations at Dancerace, sees the deal as a validation of their ambitious vision for lending technology.
