Westpac Banking (ASX:WBC, NZE:WBC) will decommission its legacy invoice lending operations and offer invoice financing through a deal with financial technology firm Dancerace, integrating with accounting software Xero, according to a Wednesday report from the Australian.

This will allow customers to access invoice financing through electronic accounting software, borrowing against future earnings.

The lender plans to boost its invoice lending operations with tie-ins with fellow accounting platforms MYOB and Quickbooks, the report added, quoting Westpac's business lending managing director Tamara Bryden.

The bank sees the most opportunity in pursuing commercial borrowers, Bryden noted.

The decommissioning is part of Westpac's Project Unite initiative.

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