10X Banking

10X sells directly to banks, building societies, and mutuals through a SaaS licensing model. Client engagements often begin as transformation consulting, with named deployments across the UK and Australia confirming a direct-enterprise sales motion. The firm also cultivates a partner ecosystem to integrate adjacent technology and implementation services.

Publicly confirmed clients include Chase UK's digital retail bank, Westpac, Old Mutual, and West Brom Building Society. The firm states it operates in four global markets; the disclosed roster suggests concentration in the UK and Australia.

10X is a technology vendor, not a regulated bank. It licenses a core banking platform to financial institutions, who retain their own banking licenses and customer relationships. The firm does not hold deposits or underwrite credit.

The firm describes fourth-generation cores as platforms that end the compromise between configuration-based neo-cores — fast to launch but inflexible — and framework-based neo-cores — highly flexible but complex and expensive. Its platform combines both approaches in a single cloud-native, API-first architecture.

The platform architecture separates product logic from the core ledger, allowing local teams to write country-specific compliance rules without altering the underlying operating system. The firm states it has deep understanding of global regulatory requirements and maintains an international partner network for local deployment support.