London: 7 November 2024 – 10x Banking, the next gen cloud-native core banking platform, and Flexys, a leader in debt management software, announce a strategic alliance to accelerate digital transformation in debt management for financial institutions.

This strategic alliance is designed to empower financial institutions to rapidly transform their debt management operations, leveraging cutting-edge digital solutions.

Banks and financial services providers are increasingly seeking ways to modernise their debt collection processes, driven by the need for improved efficiency and enhanced customer experiences. However, legacy systems often impede progress, creating barriers to innovation and agility, and the internal resource needed to implement change can be prohibitive.

The Flexys and 10x partnership directly addresses these challenges by integrating Flexys’ advanced debt management platform with 10x Banking’s next- generation meta core banking technology. This powerful combination enables financial institutions to swiftly and easily replace outdated systems with a comprehensive, cloud- based solution that streamlines debt collection workflows and utilises real-time data for personalised customer interactions.

By expanding our network to include 10x Banking, we’re significantly enhancing our ability to help clients accelerate their digital transformation journey.

James Hill CEO of Flexys

James Hill, CEO of Flexys, continued: “This collaboration allows us to offer financial institutions a seamless path to modernising their end-to-end operations by replacing inefficient legacy processes with agile, customer-centric digital experiences.”

Frederico Venturieri, VP and Global Head of Partnerships, Marketing & GTM at 10x Banking, added: “Our partnership with Flexys represents a shared commitment to driving innovation in the financial sector. With the 10x Banking platform, the world’s first meta core, banks can accelerate their path to full transformation, but without the risk, cost or compromise associated with legacy and neo core solutions.”

Together with Flexys, we’re providing organisations with the tools they need to rapidly streamline their debt collection processes, reduce operational complexity, and ultimately deliver superior service to their customers.

Frederico Venturieri VP and Global Head of Partnerships, Marketing & GTM at 10x Banking

This collaboration builds upon the proven track records of both companies. Flexys has established itself as a trusted provider of debt management solutions for major financial institutions, including TSB, Virgin Money, Aldermore Bank and MotoNovo Finance. 10x Banking, founded by former Barclays CEO Antony Jenkins, is proven across transformational deployments including Chase Bank, Old Mutual and Westpac.

By joining forces, Flexys and 10x Banking are reinforcing their commitment to accelerating innovation in financial services. This expanded partnership network offers banks and financial institutions a clear pathway to swiftly modernise their operations, embrace digital capabilities, and create value for their customers.