London based banking technology company 10x Future Technologies has raised $46m in Series A funding led by Ping An and Oliver Wyman. 10x Future Technologies is a startup that has built a ground-up platform that incorporates machine learning, cloud services, encryption at all states and other newer technology, aimed at helping large banks manage data and transactions, build new products and work with consumers.
The fintech revolution continues apace, and while many startups are hoping that newer and better tech will help them take business away from traditional banks, today a company has received a large round of funding to help those incumbent institutions better compete. 10x Future Technologies is a startup that has built a ground-up platform that incorporates machine learning, cloud services, encryption at all states and other newer technology. Aimed at helping large banks manage data and transactions, build new products and work with consumers, it has now raised £34 million ($46 million) in its first outside funding.
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