10x Banking and LTIMindtree Announce Global Partnership to Accelerate Banks’ Modernization Journeys

Banking
15.08.2024 09:55 am

10x Banking, the next gen cloud-native core banking platform, and LTIMindtree, a global technology consulting and digital solutions company, today announced a global partnership agreement, making LTIMindtree a key global implementation partner for 10x’s transformational meta core banking platform . This collaboration will enable financial institutions to embrace the significant momentum in the market as banks look to adopt modern core banking systems to accelerate their digital transformation.

The partnership marks a key milestone as both firms embark on a joint go-to-market approach, aimed at accelerating market penetration across large financial institutions globally. By combining 10x’s meta core banking platform with LTIMindtree’s extensive industry experience, the partnership will help banks accelerate their modernization journeys through tailored solutions supporting the evolving needs of the financial sector.

As part of this partnership, LTIMindtree is establishing a new global 10x practice, comprising of functional and technical experts dedicated to the 10x Platform.

Ram Khizamboor, Chief Delivery Officer, Banking, Financial Services and Insurance at LTIMindtree, states: “As banks review their strategy, they recognize the opportunity for innovation and transformation. Increasingly, they are looking at next-generation core banking systems with their lightweight core and real-time capabilities to drive growth, enhance efficiencies and deliver superior value to their customers. We believe that 10x Banking, with its cloud-native solution, offers a compelling proposition to banks, which, when combined with our proven track record in core banking modernization and our partnership ecosystem, will empower banks on their transformation journeys.”

Antony Jenkins, Founder, Chair & CEO at 10x Banking, adds:
“Our partnership with LTIMindtree enables us to serve more financial institutions and drive impactful results for them. It amplifies our commitment to strategic collaborations that drive market leadership and will allow us to successfully support Tier 1 and 2 banks worldwide in their journey to modernize legacy core systems. By combining our best-in-class platform and LTIMindtree’s expertise, we are set up to deliver transformational solutions that address the challenges that financial institutions face today and support them into the future.”