10x Banking’s Post

Research released today by 10x Banking found that 93% of banks said their success depends on choosing the right core banking solution. For further data and insights on the core challenges facing the banking industry download the full report linked below👇

In case you missed it: we just launched our new industry report "Core Banking without Compromise". We interviewed senior banking IT decision-makers and gathered some really insightful stats, such as: - *93%* of banks and FIs think their future success depends on choosing the right core banking solution - *55%* of banks and FIs say the limitations of their existing core solutions is the biggest roadblock to achieving their business goals Read more about these topics and much more in our report: https://lnkd.in/eS2YMteh #corebanking

Research by 10x Banking has revealed widespread recognition that banks need to focus on transforming their core technologies, not incrementally but at an accelerated rate, with the need for cloud technologies within the organisation a fundamental requirement. However, the risk appetites around cloud and migration are tempering the investment. More insights in our new report below: #Banking #Fintech #CoreBanking #MetaCore

Many financial institutions are on a mission to modernise their legacy core banking systems to keep pace with customer expectations, regulatory requirements, and market competition. But then the question arises: “Should we build our own system from scratch or buy a ready-made solution from a third-party provider?” Here's why buying a modern core banking solution like Woodcore is the smarter choice ⬇️ #corebankingsystem #corebankingsoftware #corebankingplatform #cloudbankingsoftware #bankingsoftware #financialservices #financialinstitutions #bankingandfinance #digitaltransformation #digitalbanking

If you're in #mpe2024 come and meet me at the Mastercard booth to discuss your e-com authorization optimization strategy

£9.7m in new profits. That’s the value ClearBank Embedded Banking could deliver to your firm according to new research from Forrester. Its Total Economic Impact report also reveals how we can boost customer retention and improve operational efficiencies. ClearBank Embedded Banking enables firms to access UK banking infrastructure (bank accounts, savings accounts, and access to payment schemes). For instance, ClearBank’s customers can indirectly offer FSCS-protected accounts by leveraging ClearBank’s banking license. Read all about the benefits: https://bit.ly/4bFDnbU #EmbeddedBanking #RealTimePayments #Innovation 

Forrester’s Total Economic Impact of ClearBank Embedded Banking shows the value we can deliver through our proposition: 90% ROI 10% reduction in customer queries 3% improvement in customer retention 10-month payback period Read the full report to discover why: https://bit.ly/4bFDnbU 

Forrester’s Total Economic Impact of ClearBank Embedded Banking shows the value we can deliver. Beyond just the ROI (90%*), new profits generated (£9.7m*) or payback in 10 months – it reveals we are perceived as a truly collaborative partner.  *Read the full report on our transformational solution to discover why: https://bit.ly/4bFDnbU Many thanks to Forrester for producing such an insightful document! 

Embedded Banking is accelerating in the UK and Europe to meet consumers needs for a fully integrated, but safe experience. This externally commissioned report independently validates the business case and the value of the opportunity. It is worth a read. #embeddedbanking.

Are legacy core systems dragging your bank down? Our latest report uncovers why existing core banking solutions are slowing down innovation—and what industry leaders plan to do about it. Explore the findings and what’s next for core technology 👇    https://lnkd.in/eS2YMteh #10xBanking #MetaCore #DigitalTransformation #BankingInnovation #CoreTechnology