Derek Joyce
CEO
XYB
Provides a cloud-native, API-first banking platform with independently deployable microservices, enabling banks, fintechs, and non-banks to build and scale customized financial products. The coreless architecture reduces transformation risk and downtime while offering over 200 services and 60+ partner adapters for rapid deployment and seamless integration. This approach lowers total cost of ownership by allowing organizations to pay only for the components and infrastructure they use.
- Enterprise Software
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Raised to date
$17.8MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Traditional core banking systems are monolithic, making it difficult and expensive for financial institutions to launch new products, integrate with modern fintech solutions, and adapt to evolving customer needs. These legacy systems often require lengthy and risky transformation projects with significant downtime.
Solution
XYB offers a cloud-native, API-first banking platform composed of independently deployable microservices, enabling banks, fintechs, and non-banks to build and scale customized financial products. The platform's coreless architecture allows for rapid deployment and seamless integration with over 60 partner adapters, reducing transformation risk and minimizing downtime. XYB provides a suite of advanced components designed to meet the evolving needs of both banks and non-banks, allowing them to modernize specific components without a full platform overhaul.
Target Audience
XYB targets banks, non-banks, and fintechs seeking to build and scale customized financial products with a modern, flexible banking platform.
Features
- API-first architecture with over 200 services for building customized financial products
- Independently deployable microservices for flexible and efficient system upgrades
- 10 foundational engines covering fees, credit, interest, localization, risk & policy, account, payment, ledger, tax, credit decisioning, and card management
- Pre-built solutions for current accounts, savings, lending, and digital wallets
- Access APIs and data faster and more securely with a state-of-the-art gateway, including Mobile, Backoffice, Analytics, OpenBanking, Partners, and Website APIs
- Services that harness the full potential of the engines to deliver personalized and seamless customer journeys, including product lifecycle management, customer onboarding, and card lifecycle management
- Transparent TCO, allowing organizations to pay only for the components and cloud infrastructure they need