NextGen to power lending transformation for merged MyState-Auswide Bank

NextGen, Australia’s leading technology partner to the lending industry, today announced it has been selected to deliver MyState Limited’s end-to-end lending origination operations, following the merger of MyState Bank and Auswide Bank.

The partnership represents one of the most significant technology decisions for the merged entity, which now serves over 275,000 customers across Australia’s eastern seaboard, with a combined home loan book of $12.9 billion and $10.1 billion in customer deposits.

NextGen will deliver its ApplyOnline^® platform to support lending origination across both MyState Bank and Auswide Bank brands. The solution will integrate seamlessly with the bank’s core banking systems, providing a unified technology foundation while maintaining distinct brand experiences.

The NextGen solution delivers:

• Unified platform for all channels enabling lending origination across broker and branch channels through to credit assessment and approval
• Multi-brand workflow integration allowing MyState Bank and Auswide Bank to maintain distinct brand value while funnelling into one intelligent workflow solution for loan processing—delivering critical merger synergies for credit and operations teams
• Extensive API connectivity with seamless integrations to third parties driving automated loan capture, credit assessment, and direct integration to both core banking systems
• One-touch decisioning supporting streamlined approval pathways and same-day unconditional approvals
• Digital-first automation leveraging data integration and pre-population to enhance quality and drive staff productivity
• Proven merger expertise with decades of experience successfully integrating lending operations for merged financial institutions

Brett Morgan (pictured above), Chief Executive Officer of MyState Limited, said: “We’re delighted to partner with NextGen as we transform our lending origination technology. Our success is intrinsically tied to our broker partners, and NextGen’s platform will enable us to deliver faster decisioning, seamless experiences, and the level of service brokers expect.”

NextGen’s proven expertise in mutual mergers

The selection of NextGen follows the organisation’s comprehensive evaluation process to identify a technology partner with demonstrated success in supporting mergers and acquisitions in the financial services sector. NextGen’s expertise in integrating lending operations for merged institutions—from origination and lodgement through loan processing to settlement—positioned the company as the ideal partner.

Multi-brand excellence through unified workflow platform

NextGen’s specialisation in white label branding and multi-brand platform delivery has made it the technology partner of choice for mutual banks navigating mergers. MyState recognised the significant merger benefits of expanding its partnership with NextGen to deliver one technology platform for lodgement across all channels—broker and direct – that can support multiple brands funnelling into one intelligent workflow solution for loan processing. This approach enables both brands to continue leveraging their distinct value to customers while delivering critical merger synergies for credit and operations teams utilising one platform.

Mike Ponsonby, Head of Lender Partnerships, NextGen, said: “Being selected as MyState’s critical technology partner is a significant milestone that reinforces our position as the go-to partner for financial institutions pursuing merger strategies. We understand this is one of MyState’s most important strategic decisions—one that will influence their asset growth trajectory and strengthen their position with broker partners.”

The ApplyOnline platform enables lending origination across brokers and branches right through to credit assessment and loan approval, with multiple API connections to third parties ensuring seamless automation from loan capture through to integration with both core banking systems.

“For mutual banks and regional lenders considering merger opportunities, the technology partner you choose for your lending operations will be one of your most critical decisions,” Ponsonby added. “Our ApplyOnline solution delivers a digital-first, human-by-exception experience that drives material productivity improvements while ensuring operational continuity across both brands. Our focus is on creating lending experiences that wow staff and customers alike—where technology feels seamless and enables both brands to differentiate themselves in their communities.”

Strategic importance for broker channel

With brokers fundamental to the newly-merged organisation’s growth strategy—particularly in Victoria and New South Wales where the group has no physical presence—the new platform will support consistent channel experiences across all brands while improving decisioning speed and service quality.

“This partnership with MyState Group demonstrates our commitment to supporting regional banks and mutual institutions with enterprise-grade lending origination technology that delivers one platform, consistent processes, and superior revenue returns through broker adoption and operational efficiency. For any mutual or regional lender exploring merger opportunities, NextGen brings the proven expertise and technology platform to make those integrations successful,” Ponsonby emphasised.