10x lowers the cost of curiosity about digital transformation

10xbanking is not your average provider of Cloud-based banking Software-as-a-Service (SaaS). The company is the brainchild of former Barclays Group CEO Antony Jenkins, who has since leaving the British bank in 2015 embraced the idea of transforming the industry by full digitisation of its infrastructure and operating platforms. 10x has raised more than $252 million to its Series C in June last year, giving it the capital backing (and in some cases the business) of BlackRock, J. P. Morgan Chase, Westpac, Nationwide Building Society, Ping An and the Canadian Pension Plan Investment Board. If 10x can succeed in its ambition of digitally transforming major incumbent banks its management believes it cannot fail to deliver for the neo- and challenger banks that have used their freedom from legacy technology to chip away at the revenues and franchises of long-established financial institutions. Dominic Hobson, co-founder of Future of Finance, spoke to Leyda Glyptis, now Chief Client Officer at 10x, but who was previously CEO of the 11:FS Foundry and a veteran of digital innovation roles at BNY Mellon, Qatar National Bank and Sapient. A full transcript of the interview is available below. Click on any question to be taken to the point in the interview where the question is answered.  Hosted on Acast. See acast.com/privacy for more information.