Finance

Ex-Barclays CEO’s fintech 10x raises $187 million

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Antony Jenkins, founder of 10x Future Technologies and former CEO of Barclays.

Chris Ratcliffe | Bloomberg | Getty Images

LONDON — The financial technology venture of former Barclays CEO Antony Jenkins has raised £132.5 million ($186.6 million) from investors in a bid to expand into North America.

10x Future Technologies was founded by Jenkins in 2016 following his ousting from Barclays a year earlier. The company says its aim is to help banks shift away from legacy systems to cloud-based technology.

In Britain, for example, 10x is working with Nationwide on the lender’s digital banking ambitions, while in Australia the start-up’s technology is being used by Westpac to allow…



Source cnbc.com

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