"I thought, I'll just hand it off to my team to go and build. And I realised I didn't have a team."
In this episode of Work in Fintech, Mattew Cheung sits down with Antony Jenkins, Founder, Chair and CEO of 10x Banking and former Group CEO of Barclays, to explore why he walked away from running one of the world's biggest banks to start a fintech in his mid-50s.
10x Banking started with a frustration Antony lived for decades. Even as a senior executive, launching a simple new mortgage or credit card took 6 to 12 months, because the technology underneath banks was never built for change.
What began as a few pages written at his dining table in 2016 became 10x Banking, a cloud native core banking platform that runs the systems behind banks: recording customers, accounts and every transaction, at the resilience and security standards that people's money demands. Today, 10x works with major financial institutions, from new digital banks to established banks migrating off legacy technology.
In this episode, we discuss:
How an ordinary Manchester childhood sparked his love of business
Why winners make life 10x better, not 10% better
What comes next after branches halved
Why banks still take months to launch simple products
Going from Barclays CEO to a startup of one
Why early-stage people aren't always right for scaling
How AI agents will reshape lending, fraud and commercial banking
Why AI won't automate every job
How degree apprenticeships could reshape education
Why he hires for curiosity over AI skills
What he'd do differently starting out today
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