Today marks a significant milestone for 10x Banking. As we approach our tenth birthday this year, we are proud to announce the release of version 10.0 of the 10x Banking Platform, representing our 100th platform release. This reflects a decade of progress, and the evolution of a platform designed to help financial institutions modernize and scale through an era of rapid technological change.
From the beginning, we committed to a model of continuous improvement that keeps our clients moving forward. Instead of relying on infrequent, resource heavy upgrades that often tie institutions into costly contract cycles, we focus on delivering meaningful improvements on a near monthly cadence, with no service downtime and no additional fees. This approach ensures that every institution benefits from the latest capabilities as soon as they are ready, supporting modernization at a pace that avoids the constraints typically associated with legacy systems and rigid upgrade paths.
A decade of iteration and the features that changed what banks can do
Across 100 releases, many enhancements have contributed to greater flexibility, speed and control. Some of these updates represent major turning points in the platform’s capabilities.
Interest overrides unlocked customer level pricing
One of the most transformative steps forward was the introduction of interest overrides. Previously, products supported only a single interest rate that was simple and reliable but restrictive.
When we unlocked customer level pricing, everything changed. Banks could shape personalized pricing strategies, open richer lending propositions and build more sophisticated and competitive products on the platform.
Jekin Patel Senior Product Manager, 10xInterest adjustments improved operational control
The introduction of scalable interest adjustments marked another significant advancement. Historically, making interest corrections in bulk was slow, costly and error prone. By creating a cleaner and more scalable way to apply corrections and fix historic calculations, we enabled banks to resolve issues at speed and maintain customer trust with greater ease.
Advancing lending capabilities through technical breakthroughs
Managing loans is never a simple task, but 10x made leaps and bounds in releasing functionality to support manipulation of loans to cope with anything the borrower would need. This stretched from the ability to automatically handle complex back dated transactions, through to creating highly bespoke repayment schedules. All of this means that lenders have the technical freedom to offer complex, bespoke products, while also being confident of supporting numerous delinquency strategies, or unique back-book products and accounts.
10x Hooks opened the door to deeper customization
The introduction of 10x Hooks in 2023, followed by their adoption in production environments in 2024, marked a major shift in how institutions create product experiences that set them apart in their markets.
Hooks enable clients to extend the core platform through custom logic written in any programming language, triggered by API driven events, all without affecting the stability or security of the core itself. This capability transforms core banking from a fixed system into a flexible architecture that adapts to the distinct needs of each institution.
This gives institutions the ability to differentiate their offerings by defining product behaviors that align with their unique strategies. This also helps banks tailor their products to the legislative and regulatory requirements of their specific regions without waiting for our roadmap or build cycles.
Recent innovations leading up to version 10.0
Our most recent releases continue to strengthen the platform’s capabilities around interest and lending. In the last three months, we have delivered enhancements including:
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Dynamic interest threshold-based fees
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Separation of interest application from repayments and threshold fees
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Support for any day count convention
These improvements give institutions greater control and configurability across complex financial scenarios.
Our product vision
Everything we build is guided by our vision:
To create a world where financial institutions are empowered, not hampered by technology, and to blend best in class security, scalability, and speed to enable the future of finance today.
Version 10.0 shows our vision in action for our clients. We are expanding what banks can achieve with greater configurability, real time data and faster product development; all underpinned by the security and scalability we know banks need. I am excited by how far we have come and even more excited about what the next ten years will bring as we keep turning our product vision into measurable outcomes for our clients.
Ross Harty VP Product, 10xRoss explores this vision further in our first 10x Product Talks episode with our VP Client Delivery, Katie McNeill. Together, they discuss the industry trends that shaped our product pillars and what that unlocks for the financial institutions we work with.
Looking ahead to the next 12 months
We are proud of how far the platform has come, and we are already building toward the next generation of capabilities. Our upcoming roadmap includes enhancements such as:
Additional mortgage and loan lifecycle capabilities
More configurability at maturity and throughout the loan lifecycle.
Real time data visualization and reporting tools
New interfaces that offer immediate insight into operational data and support instant report generation.
Liquidity management improvements
Capabilities designed to strengthen treasury operations and improve balance sheet intelligence.
Celebrating ten years and the next hundred releases
Reaching 100 releases and version 10.0 is an important milestone, but it is only one part of our journey. We look ahead with the same determination that shaped our first decade. The platform will continue to evolve quickly, helping banks deliver better products, faster, with less complexity.
Here is to the next ten years and everything we will build together.
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