Fintech 10x Banking and Deloitte Sign US, UK Alliance

Cloud-native SaaS core banking platform 10x Banking partners with Deloitte in US and UK strategic Alliance Agreements, creating 10x Centres of Excellence

10x Banking, the cloud-native SaaS core banking platform, and Deloitte have announced strategic Alliance Agreements in the US and UK to strengthen cooperation in delivering technology-enabled transformation to financial institutions worldwide. 

The alliance extends the reach of 10x Banking’s core banking platform and extends Deloitte’s commitment to innovation in both the mutual and banking sectors. 

Deloitte & 10x Banking: Enhancing transatlantic innovation

Per the partnership, a series of 10x Centres of Excellence will be rolled out across the US, UK and India to increase 10x’s capabilities within Deloitte.

The centres will foster the creation of 10x-certified developers, business analysts and architects among other innovative teams. 

The allies aim to have a cohort of 100 professionals under their wing by the end of 2024, in a joint bid to closely collaborate with financial institutions hoping to enhance customer experience at a lower cost-to-serve and with reduced risk. 

By fully integrating the 10x Platform with Deloitte’s BankingSuite from Converge, the alliance hopes to deliver a modern composable platform that helps banks build new digital capabilities at pace. 

Initially focusing on clientele in the credit union, building society and mutual bank space, both 10x and Deloitte will seek to build new solutions that help mutuals quickly and cost-efficiently reach digital transformation goals. 

Antony Jenkins, Founder, Chair & CEO of 10x Banking says: “By working with Deloitte, we will enable banks and mutuals across the US, UK and beyond to modernise their legacy tech and deliver financial products and services fit for the 21st century. 

“With Deloitte’s global experience and our leading technological solutions, we have a strategy in place to enact widespread change in the pursuit of making banking ten times better.”

Last year, research by 10x Banking highlighted that up to 20% of banks lose customers due to poor customer experience. Now that its services are integrated with Deloitte, the fintech can help support more institutions in their customer retention efforts. 

Jonathan Gray, Deloitte Partner and Alliance Lead for 10x in the UK, adds: “Credit unions, building societies and mutual banks are hugely important to the fabric of our communities, but face challenges to keep pace with innovation in a new digital era for banking, where customer needs, competitors and regulatory responsibilities are changing fast. 

“We’re committed to supporting modernisation in the mutual sector, and alongside our investment in Converge by Deloitte, our alliance with 10x will be key to us achieving this.”

Indeed, fintech partnerships have been key for Deloitte in recent times to further support its banking clients. In January this year, the consulting giant partnered with Temenos to support US financial institutions in their core banking and payments modernisation efforts.

Now allied with 10x Banking, Deloitte is taking its commitment to digital transformation transatlantic. 

**************

Make sure you check out the latest edition of FinTech Magazine and also sign up to our global conference series – FinTech LIVE 2024

**************

FinTech Magazine is a BizClik brand.

Share

Featured Articles

FinTech LIVE New York – One Month to Go!

Just one more month to go until FinTech LIVE New York, don’t miss out on attending the ultimate virtual event for fintech leaders in North America

The Global FinTech Awards: The Categories – Part 3

Discover the awards that your company, executive or project could be honoured with at The Global FinTech Awards 2024

SUBMISSIONS EXTENSION: The Global FinTech Awards 2024

Don’t miss out on your chance to enter The Global FinTech Awards in 2024 – submissions have been extended to 17 June 2024

Joel Perlman, Co-founder, OakNorth joins FinTech LIVE London

Financial Services (FinServ)

The Global FinTech Awards: The Categories – Part 2

Financial Services (FinServ)

SAVE THE DATE: FinTech LIVE London 2024

Financial Services (FinServ)