XYB reposted this
Exciting news! We're expanding our finance team at XYB 🚀 If this sounds interesting to you or someone you know - get in touch ✍🏽
About us
Welcome to XYB, where we're not just changing banking services — we're revolutionising them. Our mission? To fast-track the global shift towards banking that's not only innovative but also universally accessible and inclusive. In today's fast-paced digital age, traditional banking systems need to improve to meet the evolving needs of modern customers. That's where XYB steps in; we are spearheading the 5th generation of core banking with our trailblazing coreless banking platform. Our platform isn't just another product in the market; it's a beacon of excellence born from years of meticulous development, refinement, and stringent testing. It stands as a testament to our team's unrivalled expertise. Having launched Monese – a pioneering smart money service that has transformed the financial lives of millions across 31 countries, we took the technology and our know-how and launched XYB. It already powers Monese and the propositions of 2 global tier-1 banks. At XYB, we envision banking as an effortless, transparent, and profoundly personal experience. Our state-of-the-art technology, advanced analytics, and flexible modular architecture empower banks and non-banks to offer seamless, customised banking solutions. By adopting MACH (microservices, API-first, cloud-native SaaS, headless) principles and BIAN (Banking Industry Architecture Network) framework, our clients can choose from the best tools on the market today and provide a structure that makes it easy to add, replace, or remove technologies in the future. Stay tuned for the latest breakthroughs, industry insights, and exciting product launches. As we spearhead a new era in banking, we invite you to join our quest. Let's enable financial institutions to meet and exceed customer expectations, unlocking unprecedented business potential.
- Website
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https://xyb.co
External link for XYB
- Industry
- Technology, Information and Internet
- Company size
- 51-200 employees
- Headquarters
- London
- Type
- Privately Held
- Founded
- 2023
- Specialties
- Coreless Banking, Banking Platform as a Service, Banking Platform, and Cloud Computing
Products
![Click here to view XYB]()
XYB
Digital Banking Platforms
We offer an end-to-end, coreless banking platform that grants complete control and is fully adaptable to a client's vision for what they want to achieve. Built by a bank for other banks Brought to you by a team who've built and run one of the world's most successful digital banks. Our experience has gone into tailoring and tinkering with the platform so that it does more than any other and is the most efficient and flexible. End-to-end optionality We've built the most comprehensive technology stack and partnered with the best integrations to deliver an actual options marketplace. Unconditional flexibility Our microservices-based architecture is highly configurable and scalable. Extraordinarily efficient You can make platform changes in days rather than months. The technology stack and our support team are designed to be iterative and adaptive - aimed at reducing your service costs and economical to implement and maintain.
Locations
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Primary
Get directions
EAGLE HOUSE 163 CITY ROAD
London, GB
Employees at XYB
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Marek Piller
Head of Technology and Product Development
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Venkatesh Narayanaswami
Founder Director - Gathé Consulting |Ex- FIS|Ex - Finastra/Misys|Ex - Oracle|Ex - HCL|Ex - Wipro
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Tim Brooke Thom
Fintech Chairman
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Santosh Radhakrishnan
CCO @ XYB | Revenue Growth, C Suite | Ex - Oracle, Banking Circle, FIS | Investor
Updates
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We are delighted to welcome Melissa Donohue to the XYB family as our new Chief Solutions Officer! Melissa brings a wealth of experience to XYB, having played critical roles in company transformations, including Klarna, Bread Financial and Miro. Melissa specialises in building innovative teams that challenge the status quo and redefine the possible. As Chief Solutions Officer, Melissa will play a pivotal role in accelerating XYB’s growth as the world’s first and only coreless banking platform, enabling financial institutions to break free from the limitations of Legacy and Modern Legacy systems and unlock modernisation. #BankingPlatform #ComposableBanking #BankingInnovation #FutureOfBanking #CorelessBanking #Fintech
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XYB reposted this
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
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⚡ 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
Coreless Banking Provider XYB to Help Modernise Core Banking with IBM | XYB.CO
xyb.co
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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
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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
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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
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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.
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▶ 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
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🚀 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