Cognitive Banking SaaS platform provider 10x Banking has signed a wide-ranging, worldwide deal in which LTIMindtree can act as a global implementation partner for its Meta-core banking platform. This partnership is to enable financial institution to tap into the new market trend and embrace innovative new generation of core banking system solutions towards their digitalization process.
The combination is a business landmark for both firms as they transition to a strategic alliance for marketing. Their focus is on deepening the market coverage in large financial organizations around the world. The Meta-core banking platform of 10x and the deep industry knowledge of LTIMindtree shall help the banking industry to transform. This will be achieve through provide solutions to assist in the changing nature of the financial sector.
LTIMindtree’s 10x Platform Practice
While implementing this partnership, LTIMindtree is also going to launch a new dedicated practice for the 10x Platform, which will be global. This team will have functional and technical representatives all of whom will have deep expertise in the particular platform to ensure the partnership yields excellent value.
Ram Khizamboor, Chief Delivery Officer of Banking, Financial Services, and Insurance at LTIMindtree stated the need to innovate for the banking sector. He said, “When banks undertake the strategy review process, they begin to see the possibilities of innovation and change; and more and more they are looking at next generation core banking systems with lightweight core and real time attributes that can serve as platform for growth, higher organizational performance and better service delivery to the customers.”
Khizamboor posited, “Banks now have a compelling proposition with 10x Banking, cloud native, and with our experience, success in core banking modernization and partnership ecosystem of 10x Banking, we will enable the banks for their transformational journeys.
Antony Jenkins, Founder, Chair, and CEO at 10x Banking pointed out the importance of the partnership. He said, “The partnership with LTIMindtree helps us in helping more financial institutions and deliver high impact solutions to them. It also underlines our focus on strategic partnerships to drive our market leadership and will enable us to effectively support Tier 1 and 2 banks globally on their journey to transform their legacy core systems.”
Jenkins added further, “With our first-class platform and LTIMindtree’s experience and skills, we are now poised for providing transformational solutions that help to overcome the present day problems of financial institutions and assist them in future.”
This partnership between 10x Banking and LTIMindtree is set to shape the continued shift in the international banking industry.
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