XYB

XYB to Help Modernise Core Banking with IBM 🏦 👀 👏 LEADING Coreless Banking Platform business, XYB, has announced its plans to help banks MODERNISE their core systems.  🌏 ⭐ XYB is working with GLOBAL tech leader IBM to provide technologies and consulting expertise that can help financial services organisations address the growing requirements for CORE modernisation initiatives. 🔓 💻 Working with IBM Consulting, XYB provides a componentised core banking platform on IBM Cloud for Financial Services ®, an industry-specific platform designed to ACCELERATE financial institutions’ digital transformations with SECURITY at the forefront. 👨💻 Derek Joyce, CEO of XYB, comments: “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.” Read more on the link below! 👇 Santosh Radhakrishnan Melissa Donohue Jonas Kiiver Rasmus Tammets Arvind Krishna Jonathan Adashek Dario Gil James J. Kavanaugh #corelessbanking #banking #digitaltransformation

⚡ XYB is working with IBM to modernise core banking systems globally⚡   This collaboration combines XYB's cutting-edge Coreless Banking Platform with IBM's industry-leading consulting expertise and cloud technology.   Here’s what you need to know:   ▶️ XYB’s platform, hosted on IBM Cloud for Financial Services, offers banks a secure, agile, and scalable solution for core modernisation ▶️ This approach addresses the growing need to modernise legacy systems and adapt to the digital banking era ▶️ XYB’s platform is built as a stand-alone componentised banking platform that is cloud agnostic, enabling a progressive transformation approach ▶️ This allows banks to modernise at their own pace, minimise risk and cost, and achieve a faster time to value.   "We are thrilled to announce this relationship and to build solutions that meet the needs of banks" - Derek Joyce, CEO of XYB   Read the full press release to learn more about XYB’s Coreless Banking Platform and this exciting collaboration.   #corebanking #fintech #digitaltransformation #cloudtechnology #bankingsolutions #IBM #corelessbanking https://lnkd.in/eAhmnPU2

Lots of people have already read the latest post by Santosh Radhakrishnan. There seems to be significant interest in comparing the Coreless Banking Platforms with Modern Legacy and Legacy Platforms.  You can read it here:  https://lnkd.in/eTf-rJAs In the blog, Santosh discusses how time to value is crucial in today's competitive landscape. Coreless banking empowers financial institutions to launch new products and services faster. More importantly, it delivers the fastest time to value, ensuring a swift return on investment. Agility is key when customer expectations are ever-evolving. Other key benefits include: 💡 Lower Total Cost of Ownership (TCO): Reducing cloud costs by up to 90% while optimising operational efficiency. 🔄 Phased Modernisation to Minimise Risk: Coreless banking allows banks to modernise incrementally, eliminatng downtime, and fosters continuous innovation. ⚙️ Enhanced Performance & Scalability: Platforms like XYB’s can handle up to 8,000 requests per second with just 50ms latency, ensuring a seamless experience even for high-demand institutions. 🌍 The Breadth of Functionality: Coreless systems offer the flexibility and functionality to meet diverse needs allowing financial institutions to provide tailored, robust, and reliable services that their customers expect. Coreless banking is more than a shift—it’s the future of financial services. #FinTech #CorelessBanking #DigitalTransformation #FinancialServices #Innovation

The XYB platform is significantly more scalable and dramatically reduces the cost of running a ledger compared to existing or modern legacy platforms. To learn how we achieve this, you can download our latest case study for the neo-bank Monese (https://lnkd.in/e2PiYuqJ), where XYB replaced a modern legacy ledger. Monese’s biggest issues were: ▶ The High Total Cost of Ownership (TCO) ▶ Latency issues ▶ Lack of scalability ▶ The fact it was a Black Box  ▶ Downtime due to updates  ▶ Configurability issues. We are also interested in knowing from an industry perspective the most significant challenges faced with current core banking platforms. #CoreBanking #Fintech #BankingInnovation #Coreless #BankingTechnology #LegacySystems #CloudBanking

We are delighted to attend Nordic Fintech Week next week and look forward to learning about the latest developments in the region and beyond. Why not connect with Ian Kalla so he can talk to you about how our Coreless Banking Platform is the last platform the industry needs. If you want to know more about the XYB difference, why not read our latest case study for Monese and see some of the stunning results they achieved by swapping a modern legacy ledger for XYB... 👉 https://lnkd.in/e2PiYuqJ #Fintech #Innovation #Banking #Technology #Growth #CorelessBanking #CoreBanking

Summer is over, and the days are getting shorter. We have had a busy few months at XYB, but wanted to take a moment to celebrate the success of our Co-Founder and CTO Jonas Kiiver, who won the “Muhu Väina Regatt” in Tallinn. Congratulations on the win, Jonas! At XYB, we ensure that while we are busy revolutionising banking, our people have time to do the things they love, from sailing to jumping out of planes and everything in between! To learn more about what we do and our open positions, visit www.XYB.co.

▶ Monese Achieves Breakthrough Results with XYB Ledger ◀ Monese recently achieved remarkable outcomes by migrating its modern legacy ledger to the XYB ledger in just 6 months. The results speak for themselves! This success highlights how our componentised coreless banking platform addresses the critical challenges that banks face with both legacy and modern legacy core banking systems. 👉 Ready to dive deeper? Explore the entire case study and download the PDF here: https://lnkd.in/gdbsafnE #Fintech #Innovation #Banking #Technology #Growth #CorelessBanking #CoreBanking

🚀 New Blog Post Alert: The Evolution of Core Banking Systems 🚀 The journey of core banking has been nothing short of extraordinary! From the early days of rigid, monolithic legacy systems to today's componentised, cloud-native solutions, core banking has continuously evolved to meet the demands of the modern banking world. In this blog, Santosh Radhakrishnan explores the three categories of core banking platforms available to banks today: ▶ Legacy Core Banking Systems - While they shaped the foundations of core banking, decades-old monolithic architectures no longer support innovation, quick time to value, or cost efficiency. ▶ Modern Legacy Core Banking Systems - Typically cloud-native or cloud-based, these systems offer a more flexible and adaptable alternative to their predecessors but still face challenges such as limited scalability, functionality constraints, and high Total Cost of Ownership (TCO), especially regarding cloud infrastructure costs. ▶ Coreless Banking Platforms - With a truly componentised architecture, standalone components can be deployed independently, providing advantages that transcend the limitations of legacy and modern legacy systems. Read the full blog to explore the intricacies of how adopting coreless banking could be the last platform your institution will ever need. Read all about it on the Finextra website: 👉 https://lnkd.in/eTf-rJAs And also on the XYB.co: 👉 https://lnkd.in/esU_iWN8 #CorelessBanking #CoreBanking #Fintech #BankingInnovation #DigitalTransformation #BankingTechnology #LegacySystems #CloudBanking

Exciting News! XYB is Expanding! We're delighted to announce a significant milestone in our journey at XYB. We have strategically enhanced our lending capabilities by bringing a talented team from Estonian fintech leader Bankish on board.   This strategic move significantly bolsters our market-leading lending engines, enabling us to deliver unmatched scalability and flexibility to tackle the most complex challenges faced by lenders around the globe.   We're proud to welcome industry experts like Marek Piller, Ian Kalla, and Raul Rebane to our team. With their deep expertise and innovative mindset, we are poised to revolutionise the lending market. Together, we will empower our clients to launch a wide array of lending products with remarkable speed and efficiency.   Derek Joyce, our CEO, says, "Welcome to the new team. The banking platform market is underserved due to outdated solutions from traditional players. There is a major opportunity for innovation in embedded finance and lending services. With XYB's recent enhancements, clients can quickly launch diverse lending options, increase market share, and improve customer satisfaction."   Jonas Kiiver, our CTO, adds, "We are delighted to welcome this exceptional team to XYB. Their expertise and innovative mindset align perfectly with our mission to push the boundaries of what is possible in the financial technology space. Together, we will build the next generation of lending engines to set new speed, efficiency, and customer satisfaction standards."   We are excited to push the boundaries of financial technology even further! 👉 Read more about it here - https://lnkd.in/eDWwnpJH #Fintech #Innovation #Banking #Lending #Technology #Growth #corelessbanking #corebanking

Exciting News! XYB is Expanding! We're delighted to announce a significant milestone in our journey at XYB. We have strategically enhanced our lending capabilities by bringing a talented team from Estonian fintech leader Bankish on board.   This strategic move significantly bolsters our market-leading lending engines, enabling us to deliver unmatched scalability and flexibility to tackle the most complex challenges faced by lenders around the globe.   We're proud to welcome industry experts like Marek Piller, Ian Kalla, and Raul Rebane to our team. With their deep expertise and innovative mindset, we are poised to revolutionise the lending market. Together, we will empower our clients to launch a wide array of lending products with remarkable speed and efficiency.   Derek Joyce, our CEO, says, "Welcome to the new team. The banking platform market is underserved due to outdated solutions from traditional players. There is a major opportunity for innovation in embedded finance and lending services. With XYB's recent enhancements, clients can quickly launch diverse lending options, increase market share, and improve customer satisfaction."   Jonas Kiiver, our CTO, adds, "We are delighted to welcome this exceptional team to XYB. Their expertise and innovative mindset align perfectly with our mission to push the boundaries of what is possible in the financial technology space. Together, we will build the next generation of lending engines to set new speed, efficiency, and customer satisfaction standards."   We are excited to push the boundaries of financial technology even further! 👉 Read more about it here - https://lnkd.in/eDWwnpJH #Fintech #Innovation #Banking #Lending #Technology #Growth #corelessbanking #corebanking