Revolutionizing Core Banking Migrations: 10x Banking and DLT Apps Join Forces with AI Innovation

10x Banking, a leading cloud-native core banking platform, has partnered with DLT Apps, renowned for their innovative data migration solutions. This collaboration aims to revolutionize the data migration processes for financial institutions, addressing the complexities of transitioning from legacy systems to modern core banking platforms using advanced AI tools.

Transforming Data Migration with AI

The partnership between 10x Banking and DLT Apps focuses on enhancing data integrity, quality, and ensuring seamless transitions during the migration process. By integrating 10x Banking’s robust migration capabilities with DLT Apps’ TerraAi product, financial institutions can expect a more efficient and effective migration strategy.

Key Features of 10x Banking

• Cloud-Native Technology: 10x Banking’s ‘meta core’ technology allows banks to achieve enhanced security and scalability.
• Cost-Effective Solutions: The platform is designed to reduce transformation costs while maximizing efficiency.
• Proven Success: Institutions like Chase Bank, Old Mutual, and Westpac have successfully deployed this technology.

DLT Apps and Its Innovative Solutions

DLT Apps specializes in AI-driven data migration solutions, primarily through their TerraAi platform. The key benefits include:

• Versatile Data Handling: TerraAi can manage various data formats, simplifying the migration process.
• Intuitive User Interface: Users can easily navigate data mapping and reconciliation tasks.
• Real-time Monitoring: The MigratIO platform enhances processes by maintaining detailed audit trails and ensuring data quality throughout migrations.

Expert Insights on the Partnership

Okan Ozaltin, Chief Product Officer at 10x Banking, shared insights on the partnership’s advantages: “A key differentiator of this joint solution is our ability to load data in any sequence, validate it in a controlled staging environment, and ensure that every transformation is auditable. This enables banks to manage their migrations precisely, reducing the risk of data loss or corruption and accelerating the overall migration process.”

Santosh Reyes, Founder and Managing Director at DLT Apps, expressed optimism about the collaboration, stating, “We are excited to partner with 10x to empower financial institutions in managing their data migration projects. This partnership guarantees that data quality and integrity are upheld throughout the migration lifecycle, allowing early identification of issues.”

For more information on innovative data migration solutions, visit DLT Apps and explore how these technologies can transform your financial institution’s data management strategies.