Buy now pay later company Afterpay is the first business to use Westpac’s “banking as a service” solution, the bank announced today. The deal will allow Afterpay to offer its customers Westpac’s transaction and savings accounts and money management tools. Westpac announced plans in November to partner with 10x Future

Westpac branch

Westpac today announced it is partnering with 10x Future technologies, a UK-based cloud banking provider, to build a new core banking stack that allows third parties to offer Westpac banking products through APIs. Download: Open Banking – How Consumers, Innovators & Incumbents All Benefit The new stack will be run separately