In an office not far from the Houses of Parliament, Antony Jenkins is plotting the future of global banking. His ambition is to serve one tenth of the world’s population — or one billion people — by providing the technology behind everything from checking savings to loans.
Jenkins’ business, 10x Banking Technology, is a player in London’s burgeoning fintech scene. It was valued at about £600 million ($756 million) at its most recent funding about a year ago, with Jenkins’ own stake worth £200 million. Among its backers are JPMorgan Chase & Co., Blackrock Inc. and Ping An Insurance Group Co.