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Cuscal invests in open banking platform Basiq
Independent provider of payments, banking and regulated data services Cuscal has been advised on its strategic investment in Basiq.
Jerome Doraisamy
Firm: Johnson Winter Slattery (Cuscal)
Area: Banking and finance
Value: Undisclosed
Key players: The JWS team was led by partner Marko Komadina, who was assisted by special counsel Kate Gardner, partners Jennifer Dean, Jan Dransfield and Ravi de Fonseka.
Deal significance: Mr Komadina said: “The open banking and CDR industry is a complex and rapidly evolving space, and we are delighted to have assisted Cuscal on all aspects of getting this strategic acquisition over the line.
“It is particularly pleasing to have worked with Cuscal to strengthen its position as a leading provider of payments and regulated data services in Australia, and we look forward to seeing what further developments the business can introduce with Basiq as part of the group.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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