JPMorgan Chase has partnered with 10x Banking, the UK-based cloud-native banking technology business, to create a modern technology platform that has powered Chase’s entry into the UK retail banking market.
Over the past two years, 10x and Chase have worked together to build a digital banking platform capable of delivering a seamless customer experience and differentiated product features. The platform provides a scalable architecture from which to build a wide range of banking products in the future as Chase develops its retail banking proposition for UK customers.
Chase chose 10x based on its modern scalable platform built on micro-services and accessible via APIs. 10x also helped develop Chase’s ledger infrastructure.
Antony Jenkins, CEO and founder of 10x Banking, said: “At 10x we are passionate about transforming banking. Chase’s entry into the UK retail banking market represents a significant moment for customers and the industry. We’re pleased to work jointly with Chase to deliver the modern and scalable banking platform that will help it realise its ambitions of becoming a major force in retail consumer banking.”
Sanjiv Somani, Chief Operating Officer at International Consumer, JPMorgan Chase’s retail consumer banking arm outside of the US, commented: “As one of our foundational partners, 10x has been instrumental in building the technology platform. We chose 10x because we needed a modern scalable core banking platform built on micro-services and accessible via APIs, in order to drive rapid product development and to provide our customers with a world class experience. This collaboration ensures we have the right technology in place to meet changing customer needs now and into the future.”