This article is from the Australian Property Journal archive
ELECTRONIC conveyancing disruptor Sympli has secured payment connections with all four of the major banks, after finalising production testing with Commonwealth Bank.
Sympli announced last month it had connected with NAB, after securing agreements with ANZ and Westpac earlier this year as it seeks to take its share of the industry from PEXA.
“We are pleased to confirm that production testing of the payment connection with CBA is now complete. As the last of the big four connections, this is a considerable milestone for Sympli and our pursuit for competition in the eConveyancing market,” Sympli chief executive officer, Philip Joyce, said.
“Now connected to all major banks, Sympli can continue to move forward as we build the functionality for interoperability, provide genuine choice, better value and positive change for customers in our industry.”
The electronic property settlement business was launched in 2018 in a partnership between ASX and InfoTrack.
PEXA listed on the ASX in July. It handles over 80% of all property deals nationally. Last December it was threated with price regulations by the ACCC, until the proptech company came up with a new model for competition, which was endorsed in March.
