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.
10x up to now has been bankrolled by its founder and CEO, who is not your ordinary entrepreneur: up until last year, Antony Jenkins was the CEO of banking giant Barclays, experience that he said in an interview this week gives him a front-row seat to many of the problems that banks face today. “I’ve lived with all those problems, and I’ve talked with bank chief executives who have tried and been unable to solve these problems,” he said. Jenkins said that 10x is not talking about its valuation at this point.