London: 23 September 2024 – 10x Banking, the cloud-native core banking platform, has been named as a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment. 
This recognition comes after 10x Banking was also named a Leader in the IDC MarketScape: Asia Pacific Digital Core Banking Platforms 2024 Vendor Assessment (doc #AP50463723, September 2024) last week.
The IDC MarketScape: Europe, Middle East and Africa Digital Core Banking Platforms 2024 Vendor Assessment (doc #EUR150463623, September 2024) evaluated digitally native core banking solutions across EMEA and assessed their ability to enable banks to both operate and innovate the fundamental processes related to daily banking transactions, taking into consideration the product road map and its ability to deliver solutions and services in the short- and long-term.
10x Banking was recognized by the IDC MarketScape for the following strengths:
- “The 10x solution has proven to be highly scalable and able to accommodate a large number of transactions per second. This scalability allows the onboarding of a large number of new clients in a non-linear manner.”
- “10x is a highly suitable solution for banks in need of a transformative system that is technology and development independent but built for high resiliency and scalability."
The 10x solution has all the ingredients needed to cater to a demanding client. It is a modern cloud-native microservices ledger-focused platform, using an event-driven architecture with a rich API gateway. What really makes it stand out is the powerful no-code configuration tool that can manage the governance of product development. This makes the platform very user friendly and foremost decreases operating costs and minimizes dependencies on third parties.
George Briford Research Director IDC Financial InsightsMatt Mills, CRO at 10x Banking said, "We’re thrilled to be named as a Leader the IDC MarketScape for Digital Core Banking Platforms in Europe, the Middle East and Africa. EMEA is a key region for 10x Banking and we’re excited to be supporting our customers to transform their banking operations using our game-changing meta core solution that enables banks to build hyper-personalized products at scale, while at the same time reduces the complexity, cost and risk of migration.”
