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JPMorgan turns to two British fintechs for new UK, US cloud-native core banking engines

Published by The Stack
October 01, 2021 @ 12:40 PM

The Stack is one of the UK’s fastest growing business technology publications. Founded in late 2020 by Edward Targett, the former editor of Computer Business Review, it regularly features interviews with some of the world’s most influential digital leaders, along with think pieces, news, and business intelligence. You can follow The Stack on LinkedIn here.

JPMorgan turns to two British fintechs for new UK, US cloud-native core banking engines

jpmorgan 10x chase bank uk core banking

JPMorgan tapped UK fintech Thought Machine to deliver core banking technology amid an overhaul of its US retail banking environment, it revealed on September 21. And it’s turned to another British fintech, 10x, to power the cloud-native core banking engine of its UK retail bank, which launched (well, you can join the waiting list; it’s unclear how long for…) this month under its Chase brand, the two confirmed September 30.

It’s a big win for 10x, which has also been working with Australia’s WestPac. (WestPac recently launched a Banking-as-a-Service platform built on 10x’s “SuperCore” technology stack and deployed on AWS.

Posted in:CIONET UK

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