A UK fintech, 10x future technologies, raises $187M to support old banks

Strategy

10x Future Texhnologies, a London-based fintech that helps larger, established banks build both next-generation services as well as tools to help their older services work more efficiently, has raised $187 million.

10x will be using the funds both to expand into new geographies like North America, as well as to continue building more technology for its flagship platform. 

SuperCore, as that platform is called, is an all-in-one system built from scratch to run a wide range of banking services such as payments, core banking, mortgages, analytics, security and marketing, which 10x’s bank customers can integrate into their existing tech by way of APIs, or 10x can use to build those clients new services from the ground up.

Source: TechCrunch 

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