Core banking platform 10x Banking has teamed up with knowledge 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 in the course of the knowledge migration course of.
Headquartered in London, 10x Banking received Better of Present in its Finovate debut at FinovateEurope 2023.
A brand new partnership between cloud-native meta core banking platform 10x Banking and knowledge 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 methods to 10x Banking’s platform.
“A key differentiator of this joint answer is the power of 10x to load knowledge in any sequence, validate it in a managed staging atmosphere, and be certain 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 shortly understand the advantages of their new methods.”
TerraAI options sturdy knowledge transformation and AI-powered migration instruments to prioritize knowledge integrity and high quality. Together with DLT Apps’ MigratIO platform, TerraAI is provided to deal with all knowledge codecs and consists of an intuitive consumer interface that makes knowledge mapping and reconciliation simpler. MigratIO offers detailed audit trails and real-time knowledge high quality monitoring to present customers visibility over your complete migration journey in order that any potential points may be addressed as early as attainable within the course of.
“This partnership ensures the standard and integrity of knowledge is maintained from begin to end as customers can determine knowledge high quality points early within the migration lifecycle,” DLT Apps Founder and MD Santosh Reyes mentioned.
Based in 2018 and primarily based in London, DLT Apps makes use of blockchain, AI, cloud, and micro-services applied sciences to rework monetary providers and speed up digitization. Along with TerraAI, the corporate affords a digital monetary profile answer, Quinn, that facilitates streamlined onboarding, ongoing monitoring, and shopper lifecycle administration; Zilo, a contemporary world switch company; and Zeta Wealth, which affords superior monetary instruments for funding planning, portfolio administration, and compliance.
10x Banking received 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 not too long ago, 10x Banking mirrored on its achievements in 2024, together with the launch of the world’s first meta core platform, its first shopper in Africa, and new partnerships with corporations 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 keeping with Crunchbase. Antony Jenkins is Founder, Chair, and CEO.
To be taught extra about 10x Banking, take a look at my interview with firm VP Lewis Ide on excessive development alternatives for banks in APAC and Africa.
Picture by Lina Kivaka
Views: 221
