Core banking platform 10x Banking has teamed up with knowledge migration options firm DLT Apps.
The partnership combines DLT Apps’ TerraAI know-how with 10x Banking’s superior migration tooling capabilities to attenuate error and downtime throughout the knowledge 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 knowledge migration options firm DLT Apps leverages AI to make sure that banks are capable of take advantage of their digital transformation initiatives. Particularly, the partnership places DLT Apps’ TerraAi know-how to work in serving to establishments transition from legacy and non-legacy programs to 10x Banking’s platform.
“A key differentiator of this joint answer is the flexibility of 10x to load knowledge 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 information loss or corruption and accelerating the migration course of,” he added. “This permits shoppers to shortly understand the advantages of their new programs.”
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 person interface that makes knowledge mapping and reconciliation simpler. MigratIO offers detailed audit trails and real-time knowledge high quality monitoring to offer customers visibility over your complete migration journey in order that any potential points might be addressed as early as attainable within the course of.
“This partnership ensures the standard and integrity of information is maintained from begin to end as customers can establish knowledge 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 presents a digital monetary profile answer, Quinn, that facilitates streamlined onboarding, ongoing monitoring, and consumer lifecycle administration; Zilo, a contemporary world switch company; and Zeta Wealth, which presents 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 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 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 keeping with Crunchbase. Antony Jenkins is Founder, Chair, and CEO.
To study 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.
Photograph by Lina Kivaka
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