Software

10x Banking intros banking 'meta core' tech

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August 5, 2024

10x Banking, a cloud-based banking platform provider, announced its meta core technology to help fuel banking transformation. This meta core uses ProductKit with pre-built modules that remove the complexity of creating deposit and lending products, according to a press release.

With this platform, banks can optimize setup times by only needing to create as little as 2,000 lines of code for a single banking product. Banks can also customize the pre-build modules in ProductKit using any coding language.

"10 years ago, banks knew they had to go on a journey of transformation. Good progress has been made in some areas but one of the challenges that has emerged is that even the newer technologies come with their own set of problems," Antony Jenkins, founder and CEO, 10x Banking, said in the release. "The 'meta core' provides banks with the best of all worlds: flexibility on the one hand and unlimited scalability on the other hand. The benefits are much faster speed to market, enterprise-grade security, the ability to unlock data for AI, and a lower cost base. Neo cores have created part of the solution, but we have taken it to the next level."