Comparison · 2026 edition
10x Banking vs Formance: core banking compared 2026.
10x Banking and Formance side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
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10x Banking and Formance side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
In the Core Banking and Ledgers Index, Formance scores higher overall: 3.0 out of 5 (59 out of 100) against 2.6 (52), ranking 3 and 4 of 12. Formance scores higher for e-money and payment firms and fintechs building their own products; they tie for banks and building societies.
Overall and segment scores out of 100, and the score out of 5.
| Score | 10x Banking | Formance |
|---|---|---|
| Score out of 5 | 2.6 | 3.0 |
| Score out of 100 | 52 | 59 |
| Overall rank | 4 of 12 | 3 of 12 |
| For banks and building societies (out of 100) | 59, rank 4 | 59, rank 3 |
| For E-money and payment firms (out of 100) | 50, rank 5 | 60, rank 2 |
| For fintechs building their own products (out of 100) | 46, rank 5 | 59, rank 3 |
| Type | Cloud-native core banking platform | Open-source ledger platform |
Each score with the evidence behind it.
| Criterion | 10x Banking | Formance |
|---|---|---|
| Product coverage | 3/5 Deposits and lending published; cards, payments and multi-currency not confirmed on the pages read. | 3/5 Accounts, payments and multi-currency published; lending and cards not offered. |
| Published pricing | 0/5 Not published. | 3/5 Free open-source tier published; enterprise not priced. |
| Deployment choice | 2/5 Vendor-run SaaS only; no cloud named. | 4/5 Vendor-run in a named cloud and self-hosted; one cloud only. |
| Integration | 3/5 SDK and a stated launch example; no public sandbox found. | 3/5 SDKs, documentation and free self-serve access; no launch time. |
| Security and regulated clients | 3/5 Named regulated banks; certifications shown as logos only. | 4/5 ISO 27001:2022 and SOC 2 Type II; no named regulated clients. |
| Proven scale | 5/5 Throughput, uptime and account figures published. | 0/5 Not published. |
Each criterion is scored 0 to 5 against the best published offer in the Core Banking and Ledgers Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | 10x Banking | Formance |
|---|---|---|
| Product coverage | Banking products across retail, mutual and corporate banking, including lending; Fabric core ledger; ProductKit SDK and no-code product configuration. | "Double-entry, multi-currency" core ledger; Wallets module with "multi-currency balances, holds, expiring balances"; Flows module for multi-step transactions; pre-built connectors for Stripe, Adyen, Wise, Fireblocks and Kraken. |
| Pricing | Not published on the pages read. | Open Source: full ledger "under MIT License" with no fee. Enterprise: "Annual subscription, custom quote based on scale". |
| Deployment | Cloud-native SaaS; no cloud providers named on the pages read. | Cloud: "Each cloud customer runs in a dedicated private region in a separate AWS account"; also "Private Cloud or Assisted Self-Hosted deployment". |
| Integration | ProductKit SDK; states an Australian client built a full product suite "in two weeks". | CLI and SDKs; full source code access; documentation published; self-serve sign-up for the open-source version. |
| Security and clients | AICPA SOC and BSI ISO 27001 logos shown, with no written statement. Named clients: Chase UK, Westpac, Old Mutual, West Brom Building Society, The Co-operative Bank. | ISO 27001:2022; "SOC 2 Type II audit passed with zero exceptions across all 33 criteria". |
| Scale | "It processes over 10,000 transactions per second, runs at 99.99% uptime"; more than 100 million accounts stated. | Not listed in this index |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by 10x Banking: pricing, deployment and product coverage.
Not published or not stated by Formance: security and regulated clients and proven scale.
Facts read on 26 October 2026 from: 10xbanking.com, 10xbanking.com/core-banking-platforms-compared; and formance.com, formance.com/pricing, formance.com/security.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Banks that need published throughput and uptime figures.
Fintech and crypto firms wanting a ledger they can host themselves.
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