Priya Patel
TLDR:
10x Banking has announced a new round of funding as it looks to capitalise on the significant growth in the core banking market. The funding round, led by existing investors BlackRock and JPMorgan Chase, marks a major milestone for the company as it seeks to revolutionise the banking industry and provide innovative financial solutions. 10x Banking has also appointed Matt Mills as Chief Revenue Officer to further drive the company’s growth.
Key points:
- 10x Banking has secured new funding from investors BlackRock and JPMorgan Chase.
- The company plans to revolutionise the banking industry through cutting-edge technology and innovative financial solutions.
- 10x Banking has appointed Matt Mills as Chief Revenue Officer to support its continued growth.
- The company’s success in the UK has led to recent expansion into Australia and New Zealand.
London-based 10x Banking, the cloud-native SaaS core bank operating system, has announced a new round of funding and the appointment of a Chief Revenue Officer as it seeks to take advantage of the growing core banking market. The funding round was led by existing investors BlackRock and JPMorgan Chase, demonstrating their continued support for the company’s mission to revolutionise the banking industry through cutting-edge technology and innovative financial solutions. The funding will enable 10x Banking to accelerate its growth and deliver an enhanced customer experience for banks and their customers.
Matt Mills has joined 10x Banking as Chief Revenue Officer to spearhead the company’s growth strategy. Mills brings a wealth of experience to the role, having previously worked at Featurespace, where he played a key role in developing their business and expanding their customer base. Mills will work closely with CEO Antony Jenkins and the rest of the leadership team to drive the company’s expansion into new markets and help 10x Banking become the leading provider of core banking solutions worldwide.
10x Banking has already achieved success in the UK, where it created the technology platform that powered Chase’s entry into the UK retail banking market. The company is committed to helping banks transform their operations in response to the evolving financial sector, driven in part by the rise of digital transactions and increased customer demand for greater control and flexibility over their finances. 10x Banking has recently expanded into Australia and New Zealand, and further strategic expansions are planned as banks look to adopt neo-core banking systems to accelerate their digital transformation and stay ahead in a competitive market.
The core banking market is experiencing rapid growth, with banks increasingly turning to cloud-native solutions to modernise their operations and deliver more personalised and efficient services. With its innovative technology and strong track record, 10x Banking is well-positioned to capitalise on this trend and become the go-to provider of core banking solutions for banks around the world.
