About 10x Banking

Provides a cloud-native core banking platform built on a proprietary meta core architecture, enabling banks to deliver hyper-personalized retail, SME, and corporate banking products at scale. It replaces legacy and neo-core limitations with a secure, resilient system that supports over 100 million accounts, 100,000+ transactions per second, and 99.99% uptime. This platform accelerates product development and customization, helping financial institutions meet evolving customer demands and regulatory requirements efficiently.

```xml <problem> Many banks operate on legacy core banking systems that are expensive to maintain, difficult to update, and lack the scalability required to meet evolving customer demands and regulatory requirements. These outdated systems hinder innovation, slow down product development, and create inefficiencies in delivering personalized banking services. </problem> <solution> 10x Banking offers a cloud-native core banking platform built on a meta core architecture, enabling banks to deliver hyper-personalized retail, SME, and corporate banking products at scale. The platform overcomes the limitations of legacy and neo-core systems by providing a secure, resilient, and scalable solution capable of supporting over 100 million accounts and 100,000+ transactions per second with 99.99% uptime. Its modular design and flexible APIs accelerate product development and customization, allowing financial institutions to quickly adapt to market changes, meet regulatory obligations, and provide innovative services that customers expect. By abstracting away the complexities of managing core infrastructure, 10x Banking allows institutions to focus on customer experience and product differentiation. </solution> <features> - Cloud-native architecture for enhanced scalability, resilience, and security - Meta core technology enabling rapid product development and customization without coding support - Support for retail, SME, corporate, and commercial banking products across geographies - Flexible APIs for seamless integration with existing systems and third-party services - Real-time data access for faster decision-making and personalized customer experiences - DevOps and release management plan leading to a 25-30% boost in capacity creation, a 50-75% decrease in time to market, and over a 50% drop in failure rates - Consumption-based pricing model for cost-effective scaling - Support for operational resilience, assisting banks in complying with regulations such as FCA, PRA, DORA, and APRA CPS230 </features> <target_audience> The primary target audience includes banks, building societies, and mutuals seeking to modernize their core banking infrastructure, improve operational efficiency, and deliver innovative digital banking services to retail, SME, and corporate customers. </target_audience> ```

What does 10x Banking do?

Where is 10x Banking located?

10x Banking is based in Bracknell, United Kingdom.

When was 10x Banking founded?

10x Banking was founded in 2016.

How much funding has 10x Banking raised?

10x Banking has raised 326420000.

Location

Bracknell, United Kingdom

Founded

2016

Funding

326420000

Employees

286 employees

Major Investors

BlackRock, JP Morgan Chase

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10x Banking

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Executive Summary

10xbanking.com 30K+

Crunchbase

Founded 2016 – Bracknell, United Kingdom

Funding

Estimated Funding

$200M+

Major Investors

BlackRock, JP Morgan Chase

Team (250+)

No team information available.

Company Description

Problem

Many banks operate on legacy core banking systems that are expensive to maintain, difficult to update, and lack the scalability required to meet evolving customer demands and regulatory requirements. These outdated systems hinder innovation, slow down product development, and create inefficiencies in delivering personalized banking services.

Solution

10x Banking offers a cloud-native core banking platform built on a meta core architecture, enabling banks to deliver hyper-personalized retail, SME, and corporate banking products at scale. The platform overcomes the limitations of legacy and neo-core systems by providing a secure, resilient, and scalable solution capable of supporting over 100 million accounts and 100,000+ transactions per second with 99.99% uptime. Its modular design and flexible APIs accelerate product development and customization, allowing financial institutions to quickly adapt to market changes, meet regulatory obligations, and provide innovative services that customers expect. By abstracting away the complexities of managing core infrastructure, 10x Banking allows institutions to focus on customer experience and product differentiation.

Features

Cloud-native architecture for enhanced scalability, resilience, and security

Meta core technology enabling rapid product development and customization without coding support

Support for retail, SME, corporate, and commercial banking products across geographies

Flexible APIs for seamless integration with existing systems and third-party services

Real-time data access for faster decision-making and personalized customer experiences

DevOps and release management plan leading to a 25-30% boost in capacity creation, a 50-75% decrease in time to market, and over a 50% drop in failure rates

Consumption-based pricing model for cost-effective scaling

Support for operational resilience, assisting banks in complying with regulations such as FCA, PRA, DORA, and APRA CPS230

Target Audience

The primary target audience includes banks, building societies, and mutuals seeking to modernize their core banking infrastructure, improve operational efficiency, and deliver innovative digital banking services to retail, SME, and corporate customers.