10x Banking announces fresh funding as core banking market soars

10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has today announced a new round of funding and the appointment of a Chief Revenue Officer, as it looks to capitalise on the significant momentum in the core banking market.

The round, led by existing investors BlackRock and JPMorgan Chase, marks the latest significant milestone in the company’s journey to revolutionise the banking industry through cutting-edge technology and innovative financial solutions.

At the heart of driving 10x’s continued growth is Chief Revenue Officer, Matt Mills, who has joined the company this month from Featurespace as the latest member of 10x’s experienced leadership team.

“There has never been a more exciting time for banking transformation and core modernization, as banks across the world embark on this journey”, commented Matt Mills. “I’m incredibly excited to have joined a company with the strongest offering in this space, offering unparalleled resiliency and scale, combined with flexibility and speed beyond the rest of the market. Our mission is to enable banks to make banking better for their customers and society – 2024 is already set to be the most significant in our history, and I’m excited to be part of this journey.”

Having created the modern technology platform focused on a seamless customer experience that powered Chase’s entry into the UK retail banking market, 10x is committed to helping banks transform the way they operate in response to a rapidly-evolving financial sector, catalysed in part by the dominance of digital transactions and consumer demand for greater control and flexibility around the way they manage their money.

10x’s success in the UK has been built upon through recent expansion into Australia and New Zealand, with more strategic expansions on the horizon as banks actively look to adopt neo-core banking systems to accelerate their digital transformation and thrive in an increasingly competitive battle to win and retain customers.