Core banking platform 10x Banking has teamed up with information migration options firm DLT Apps.
The partnership combines DLT Apps’ TerraAI expertise with 10x Banking’s superior migration tooling capabilities to attenuate error and downtime through the information migration course of.
Headquartered in London, 10x Banking gained Better of Present in its Finovate debut at FinovateEurope 2023.
A brand new partnership between cloud-native meta core banking platform 10x Banking and information migration options firm DLT Apps leverages AI to make sure that banks are in a position to benefit from their digital transformation initiatives. Particularly, the partnership places DLT Apps’ TerraAi expertise to work in serving to establishments transition from legacy and non-legacy techniques to 10x Banking’s platform.
“A key differentiator of this joint answer is the flexibility of 10x to load information in any sequence, validate it in a managed staging setting, and be sure that each transformation is auditable,” 10x Banking CPO Okan Ozaltin mentioned. “This permits banks to handle their migrations with precision, decreasing the chance of knowledge loss or corruption and accelerating the migration course of,” he added. “This allows shoppers to rapidly understand the advantages of their new techniques.”
TerraAI options strong information transformation and AI-powered migration instruments to prioritize information integrity and high quality. Together with DLT Apps’ MigratIO platform, TerraAI is supplied to deal with all information codecs and contains an intuitive consumer interface that makes information mapping and reconciliation simpler. MigratIO offers detailed audit trails and real-time information high quality monitoring to provide customers visibility over your entire migration journey in order that any potential points will be addressed as early as doable within the course of.
“This partnership ensures the standard and integrity of knowledge is maintained from begin to end as customers can establish information high quality points early within the migration lifecycle,” DLT Apps Founder and MD Santosh Reyes mentioned.
Based in 2018 and based mostly in London, DLT Apps makes use of blockchain, AI, cloud, and micro-services applied sciences to rework monetary companies and speed up digitization. Along with TerraAI, the corporate provides a digital monetary profile answer, Quinn, that facilitates streamlined onboarding, ongoing monitoring, and consumer lifecycle administration; Zilo, a contemporary international switch company; and Zeta Wealth, which provides superior monetary instruments for funding planning, portfolio administration, and compliance.
10x Banking gained Better of Present in its Finovate debut at FinovateEurope 2023. On the convention, the corporate demoed its 10x SuperCore playing cards that allow banks to construct a card proposition in minutes with 10x Banking’s Financial institution Supervisor interface. Extra lately, 10x Banking mirrored on its achievements in 2024, together with the launch of the world’s first meta core platform, its first consumer in Africa, and new partnerships with firms like Deloitte and Flexys, in addition to with fellow Finovate alums Zafin and Alloy.
Headquartered in London, 10x Banking was based in 2016. The corporate has raised $297 million in funding in accordance with Crunchbase. Antony Jenkins is Founder, Chair, and CEO.
To study extra about 10x Banking, try my interview with firm VP Lewis Ide on excessive progress alternatives for banks in APAC and Africa.
Photograph by Lina Kivaka
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