10x Banking, a cloud-native core banking platform, has partnered with data migration solutions company DLT Apps to enhance digital transformation for banks. The collaboration integrates DLT Apps’ TerraAI technology with 10x Banking’s migration tools to minimize errors and downtime during data migration. This joint solution allows for data to be loaded in any sequence, validated in a controlled environment, and ensures every transformation is auditable, reducing risks of data loss or corruption and speeding up the migration process. TerraAI, along with DLT Apps’ MigratIO platform, provides robust data transformation, AI-powered migration tools, and real-time data quality monitoring, ensuring data integrity throughout the migration lifecycle.
Founded in 2016 and headquartered in London, 10x Banking has raised $297 million in funding and is led by Founder, Chair, and CEO Antony Jenkins. The company won Best of Show at FinovateEurope 2023, where it showcased its 10x SuperCore cards. In 2024, 10x Banking launched the world’s first meta core platform, expanded into Africa, and formed partnerships with companies like Deloitte, Flexys, Zafin, and Alloy. DLT Apps, founded in 2018 and also based in London, uses blockchain, AI, cloud, and micro-services technologies to transform financial services, offering solutions like Quinn, Zilo, and Zeta Wealth.
Key takeaways:
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10x Banking has partnered with DLT Apps to enhance data migration using AI technology.
The collaboration aims to minimize errors and downtime during data migration, ensuring data integrity and quality.
10x Banking's platform allows for precise data management, reducing risks and accelerating migration processes.
DLT Apps provides additional tools like MigratIO for real-time data quality monitoring and audit trails.
