XYB, a leading provider of Coreless Banking Platforms, has entered into a strategic collaboration with IBM, the global technology giant.
The partnership between XYB and IBM is focused on modernising core banking systems, a critical need for financial institutions that have long deferred such updates. By combining IBM’s consulting expertise and technological infrastructure with XYB’s innovative platform, the two companies aim to facilitate a new era of banking technology transformation.
XYB operates a componentised core banking platform that allows financial institutions to modernise at their own pace using independently deployable components. This flexible approach helps banks reduce vendor dependency and gain more control over their digital transformation.
In addition to system modernisation, the partnership addresses performance, security, and regulatory compliance needs critical to financial services. The IBM Cloud for Financial Services provides a robust environment designed to meet these requirements effectively, supporting the deployment of XYB’s platform.
Derek Joyce, CEO of XYB, said, “We are thrilled to announce this relationship, which enables us to focus on advancing our platform to stay ahead of the market while working with IBM, a strong global innovator, to deliver our solutions to meet the needs of banks. With our core banking platform on IBM Cloud for Financial Services, we can help financial institutions enhance their operational resilience and system capacities. Our goal is to drive innovation and set new standards in the financial services industry.”
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