S6 | Episode 8 | Frankie Woodhead of 10X Banking: The Realities Of Rapid Scaling

Published: March 14, 2023, midnight

10X Banking is a cloud-native core banking platform that's making banking 10x better for customers, banks, and society by enabling client banks and providers of financial services to give their customers more timely and relevant experiences and insights when it comes to managing money.

In this episode, Chris is joined by Frankie Woodhead, a Product & Engineering Director at 10X Banking and one of the first 40 employees in the business that now has over 500 employees… Frankie talks through what it’s really like to be part of a rapidly scaling business and the realities of growing at such pace.

Frankie discusses their approach to business development and what that looked like in the earlier days, covering some of the challenges, including meeting with 40 banks over a 6 week period as well as onboarding 70,000 new customers in one day…

He also dives into the logistical and cultural challenges that come with scaling from 100 to 500 people in one year and how 10X were able to scale at such pace, even during periods in stealth mode.

Finally, Frankie talks through the talent market within the FinTech space at the moment and 10X’s approach to being competitive when it comes to hiring the top talent.

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