10x Banking has appointed Will Dale as its regional vice president in APAC.
The FinTech, founded by former Barclays chief executive Antony Jenkins, raised a reported £40 million in fresh funding in January.
The appointment, which sees Dale join from Mambu – where he held the role of regional VP for nearly five years – sees 10x cement its presence in APAC as part of its mission to bring core banking transformation to financial institutions across the region.
Adding to the firm’s existing operations in Sydney, Dale will lead 10x’s APAC growth strategy from Singapore, where the business plans to build an office base underpinned by continued sustainable growth, leveraging its expertise and track record of successful core bank transformation from long-term partnerships with the likes of Westpac and JP Morgan.
“We see a tremendous opportunity in APAC, with banks of all sizes wanting to expand and grow their product lines but finding themselves held back by the legacy technology they operate on,” said Matt Mills, CRO of 10x.
“Through Will’s appointment, we have someone on the ground who can help banks realise the full potential of core transformation but more importantly the rapid product development it unlocks.”
Dale’s time at Mambu, preceded by more than 12 years at Fiserv, sees him join 10x on the back of over 17 years’ experience working with APAC banks to transform the way they operate and serve their customers.
Dale said: “10x’s ability to not only bring core transformation to banks but to do it in a way that works with a bank’s existing development teams and infrastructure within their own cloud environment is nothing short of revolutionary.
“Singapore is an obvious strategic hub for us to operate from, firstly because we can support banks in region who are already on that innovation journey but feel encumbered by the technology they are building on.
“Secondly, because several countries across APAC are scaling their banking operations at unprecedented speeds. Banks need the deployment flexibility and platform extensibility that 10x brings, underpinned by tier 1 bank grade security architecture, to support their new and existing customers with innovative digital products.”
He added: “From a risk management perspective, APAC banks need a solution to adapt quickly to regulatory changes without working directly on legacy technology, and this is where 10x can help; enabling a more robust, resilient strategy for banks in the region.”