UK-based next-gen cloud-native core banking platform10x Banking has partnered with LTIMindtree, an India-based technology consulting and digital solutions company.
The collaboration will combine 10x’s Meta core banking platform with LTIMindtree’s extensive industry experience.
It will position LTIMindtree as an important implementation partner for 10x’s transformative Meta core banking platform.
In addition, the partnership will help financial institutions capitalise on the growing market trend towards adopting modern core banking systems to drive digital transformation, said 10x.
10x Banking founder, chair and CEO Antony Jenkins said: “Our partnership with LTIMindtree enables us to serve more financial institutions and drive impactful results for them.
“It amplifies our commitment to strategic collaborations that drive market leadership and will allow us to successfully support Tier 1 and 2 banks worldwide in their journey to modernise legacy core systems.”
10x said that the partnership is an important step for both companies as they launch a joint go-to-market strategy and expand their reach across major financial institutions worldwide.
It will help the banks to advance their digital transformation journeys through customised solutions that support the growing needs of the financial sector.
In addition, LTIMindtree will establish a new worldwide 10x practice, bringing together a team of functional and technical specialists dedicated to the 10x Platform.
LTIMindtree banking, financial services and insurance chief delivery officer Ram Khizamboor said: “As banks review their strategy, they recognise the opportunity for innovation and transformation.
“Increasingly, they are looking at next-generation core banking systems with their lightweight core and real-time capabilities to drive growth, enhance efficiencies and deliver superior value to their customers.”
