The agreement positions both companies to address the growing demand from banks, mutuals, non-bank lenders and finance companies for lending technology that modernises operations without disrupting existing infrastructure.
Hyderabad and Sydney, June 2026 – DigiZoo and Pennant Technologies have entered a Memorandum of Understanding (MOU) to co-deliver lending transformation solutions across Australia and New Zealand. The agreement brings together Pennant’s pennApps Lending Factory, a composable, end-to-end lending platform with DigiZoo’s track record in enterprise integration, digital banking implementation and customer experience design.
The partnership is aimed squarely at the practical challenge facing many lenders today: the need to modernise lending operations, launch new products more quickly and improve the borrower experience, without the risk and cost of replacing core banking infrastructure.
“We have seen first-hand how much time and cost lenders lose trying to work around platforms that were never designed for their business. By combining our lending platform with DigiZoo’s integration expertise, we can give lenders a credible path forward, one that delivers real capability without forcing them to start from scratch.”
Rajeev Sharma, Chief Business Officer, Pennant Technologies
For banks and mutuals, the integration path is straightforward: Pennant’s pennApps modules connect into existing core banking environments, extending digital lending capability without requiring a platform replacement. For non-bank lenders and finance companies that need to retire legacy systems entirely, the combined offer provides a single end-to-end platform covering origination, loan management, servicing, collections and hardship, across a broad range of product types.
Supported product types include residential mortgages, asset finance, business loans, novated leasing, finance and operating leases, consumer and commercial lending, personal loans, BNPL, invoice finance, trade finance, and term loans.
“Our focus has always been to work with clients on their complex banking technology programmes and assist them in achieving successful delivery. Pennant’s platform gives us another proven solution to work with, a lending system that is genuinely configurable, API-driven and built to integrate. Together, we can help lenders move faster and with less risk than they would going it alone.”
Rob Kassis, Chief Executive Officer, DigiZoo
About Pennant Technologies
Pennant Technologies is a financial technology company that builds and operates the pennApps Lending Factory, a composable, AI-driven lending platform used by more than 50 financial institutions globally. The platform covers the full lending lifecycle across origination, loan management and servicing, collections and recoveries, collateral management and securitisation. Pennant is recognised by Gartner, Chartis, Forrester and IDC, and is a member of AFIA and Fintech Australia.
To learn more, visit: www.pennanttech.com/australia
About DigiZoo
DigiZoo specialises in digital banking transformation, enterprise integration and the delivery of complex banking technology programmes. Through its Ark platform, DigiZoo has a strong record of connecting legacy infrastructure with modern digital banking capabilities for banks, mutuals and fintechs across Australia. The company combines deep financial services domain knowledge with hands-on delivery experience across strategy, design and technology.
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