UK-based 10x Banking, a cloud-native core banking solution provider, has launched a new core technology category called "meta core." This new platform is designed to help banks and financial services accelerate toward full transformation.

The 'meta core' offering aims to solve the challenges of legacy cores and avoid complex set-up and scale issues of neo cores. It includes a development tool called "ProductKit," built on 10x's SuperCore technology. ProductKit offers pre-built modules that simplify building deposit and lending products across retail, SME, and corporate banking sectors.

According to 10x Banking, the new offering allows banks to create and maintain as little as 2,000 lines of code for a single customized banking product, potentially reducing the code base by up to 10,000x compared to legacy cores. The company claims this will result in faster speed to market, enterprise-grade security, the ability to unlock data for AI, and a lower cost base.