10x Banking and DLT Apps partner to revolutionise AI-driven core banking migrations

January 16, 2025

10x Banking, a cloud-native core banking platform, and DLT Apps, a leader in innovative data migration solutions, have announced a partnership aimed at transforming data migration processes for financial institutions.

This collaboration seeks to address the challenges of migrating complex legacy and non-legacy systems to modern core banking platforms by leveraging AI-powered tools. By combining 10x Banking’s advanced migration capabilities with DLT Apps’ TerraAi product, the partnership ensures data integrity, quality, and seamless transitions.

10x Banking is known for its cloud-native ‘meta core’ technology that enables banks to achieve security, scalability, and cost-effective transformations. Its platform has been successfully deployed by institutions such as Chase Bank, Old Mutual, and Westpac.

Meanwhile, DLT Apps specialises in AI-driven data migration solutions, offering tools like TerraAi to streamline and audit every step of the migration process. The TerraAi platform can handle any data format and streamline the migration process via an intuitive user interface. This allows the platform to easily manage data mapping and reconciliation tasks.

Its MigratIO platform enhances the migration process by auditing every transformation and migration run, maintaining a log of all data entries. The platform boasts detailed audit trails and real-time data quality monitoring.

Okan Ozaltin, chief product officer at 10x Banking, highlighted the key advantages of the partnership, stating, “A key differentiator of this joint solution is the ability of 10x to load data in any sequence, validate it in a controlled staging environment, and ensure that every transformation is auditable. This allows banks to manage their migrations with precision, reducing the risk of data loss or corruption and accelerating the migration process; this enables clients to quickly realise the benefits of their new systems.”

Santosh Reyes, founder and managing director at DLT Apps, expressed enthusiasm for the partnership, adding, “We are excited to partner with 10x to enable financial institutions to take control of their data migration projects”, commented Santosh Reyes, Founder & MD at DLT Apps. “This partnership ensures the quality and integrity of data is maintained from start to finish as users can identify data quality issues early in the migration lifecycle.”