10x Banking has joined forces with Tweezr, a company focused on deterministic AI for interpreting legacy systems, to lower risk in core banking migration projects.
The agreement centres on a persistent challenge in core system change programmes such as: limited dependable understanding of complex legacy technology estates at system level.
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Tweezr CEO and co-founder Ohad Kotler said: “Moderniszing core banking systems isn’t just a technology shift, it’s a trust problem. Banks need to understand exactly how their systems behave before they can safely change them.
“Regulators expect banking leaders to have personal responsibility to ensure controls are in place to avoid major negative impact. Tweezr provides a deterministic, code based view of legacy systems, removing guesswork and enabling teams to move forward with clarity and control as they migrate to platforms like 10x Banking.”
Under the arrangement, 10x Banking clients will be able to use Tweezr to examine legacy systems through source code analysis.
The tool is intended to identify embedded business rules, technical dependencies and data flows.
It is expected to help banks evaluate potential effects, test assumptions and identify important functions before and during migration to the 10x Banking platform.
10x Banking said the combination of this system analysis and its migration tools and delivery model is meant to support more precise execution, while reducing risk and shortening timelines.
10x Banking founder and CEO Antony Jenkins commented: “Core migration anxiety is one of the biggest barriers to transformation, particularly when leaders lack certainty about how legacy systems will behave during change.
“Tweezr’s deterministic insight helps remove that uncertainty, giving banks greater confidence and control on the path to migration. This partnership strengthens our de risked approach, enabling banks to move off legacy and onto the 10x Banking platform with predictability and assurance.”
Last year, 10x Banking introduced new AI functions for its cloud-native core banking platform.
The additions were intended to speed up transformation work, raise operational efficiency and assist decision-making in financial institutions.
