treXis has unveiled X Banking, a new digital platform that aims to assist financial institutions in updating legacy systems and consolidating fragmented architectures.
The platform is designed to give banks ownership of their data and influence over their digital strategies without incurring licensing fees or being tied to specific vendors.
The X Banking platform is said to cater to the rigorous regulatory requirements of super regional and national banks, offering substantial value immediately upon implementation.
It supports modular technology infrastructure, seamless third-party integration, and tailored user experiences across various channels to empower banking professionals.
treXis CEO Hendrik Tredoux said: “X Banking gives institutions the freedom to break away from outdated, restrictive vendor models.
“We’ve combined flexible infrastructure, cost transparency, and real-time capability into a single solution that meets the highest compliance standards and adapts at the pace of innovation. At treXis, we truly believe in ownership, the real sense that you own your software and data!”
A central feature of X Banking is its role as a data hub and permissions engine, which provides centralised, real-time access to essential data while upholding strict security and governance protocols.
According to treXis, the introduction of X Banking promises several economic benefits for financial institutions. It eliminates costs associated with license fees, per-API usage charges, and vendor dependency.
Additionally, it reduces operational expenses through modernised IT and SaaS hosting solutions, enhanced fraud and risk management with real-time data usage, and decreased customer service calls due to self-service options.
The platform is also said to improve operational efficiencies by ensuring real-time service availability, accelerating innovation, facilitating mergers and acquisitions integration readiness, providing vendor and pricing control, and enabling scalable partnerships with fintech firms. Moreover, it advances data ownership along with risk and data analysis capabilities.
To encourage widespread adoption of the platform, treXis said that it offers an expert-led implementation process alongside a pre-built integration marketplace.
The company will also provide a suite of digital banking tools, including a universal banker portal designed for consumer, business, and commercial banking needs, thereby presenting a singular platform for a cohesive user experience.
