10x Banking Launches First Meta Core For Faster Transformation

By Author: Ben Gross
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10x Banking, the cloud-native core banking platform, has recently introduced a new type of core technology known as a 'meta core' to assist banks and financial services in accelerating their journey towards complete transformation. This announcement comes after 10x Banking's successful $45 million funding round in January, which was led by existing investors BlackRock and J.P. Morgan.

The platform already supports prominent institutions such as the UK's fastest-growing challenger bank Chase UK, Westpac, and Africa's second largest financial services company, Old Mutual. Currently, 10x Banking caters to banks, mutuals, building societies, financial service providers, and strategic banking-as-a-service partners. Their innovative banking products, built on the 10x core platform, are live in the market and serve millions of end-customers globally.

A 'meta core' addresses the challenges posed by legacy cores and overcomes the complex setup and scalability issues associated with neo cores. It offers a de-risked, accelerated pathway to complete cloud-native transformation.

Antony Jenkins, the founder and CEO of ...
... 10x Banking, emphasized the importance of this new technology by stating, "The 'meta core' provides banks with the best of both worlds: flexibility and unlimited scalability. This results in faster speed to market, enhanced security, data accessibility for AI, and cost-effectiveness. While neo cores have made progress, our 'meta core' takes it to the next level."

Jenkins further explained, "In my experience, managing a bank involves risk management, and our meta core is specifically designed to mitigate the key risks associated with core upgrades. 10x Banking is pioneering the concept of a 'meta core', offering banks a clear roadmap to complete transformation for the first time."

More Information : https://www.techdogs.com/tech-news/business-wire/10x-banking-launches-worlds-first-meta-core-to-help-banks-achieve-full-transformation-faster