10x Banking and Australian fintech Constantinople have formed a strategic partnership to provide digital banking solutions to financial institutions across Asia-Pacific and globally.
The collaboration brings together 10x’s cloud-native core banking platform, used by banks such as Westpac and Chase UK, with Constantinople’s software and operations services.
The companies aim to support banks, mutuals, and financial institutions in accelerating digital transformation, integrating AI, and reducing operational costs.
They said the combined offering could help institutions cut cost-to-income ratios by up to 80 percent, offering a more efficient alternative to building systems in-house.
Thsi will enable banks to access a full banking stack combining both core infrastructure and operational capabilities.
Banks often invest heavily in developing duplicative systems, which can limit innovation and delay growth.
The partnership seeks to address these challenges and reduce the burden of managing fragmented infrastructure.
By combining their platforms, 10x and Constantinople aim to enable institutions to shift their focus from infrastructure maintenance to product development and customer experience.
Dianne Challenor, Co-Founder and CEO of Constantinople, said,
“This partnership showcases our unique ability to bring tier-1 bank capabilities for financial institutions with an entirely software driven infrastructure to run operations and compliance. We can leverage best of breed architecture and tech stack to power retail banks, SME banks and provide embedded banking needs.
With the technology we’ve built, we can now integrate AI into every aspect of banking. We’re excited to be working with 10x Banking – which has helped us accelerate our engineering and delivery.”
Antony Jenkins, CEO at 10x Banking, said,
“By combining 10x’s world-first meta core with Constantinople’s comprehensive end-to-end banking platform and fully integrated operational stack, we take away the burden of managing the complexities of banking infrastructure and operations.
Together, we’re empowering institutions to focus on innovation, embrace AI and enhance customer experience.”
The article first appeared on Fintech News Singapore
