Moneses Xyb
“Can a modular, 'coreless' banking infrastructure platform replace legacy core banking systems for financial institutions globally by offering composable, event-native, API-first components across the full financial stack?”
XYB was launched in May 2023 as a spin-out/product of Monese, pivoting from a consumer neobank model to become an infrastructure provider — a 'coreless banking platform' targeting financial institutions. Rather than operating a consumer bank, XYB sells modular, API-first Adaptive Financial Infrastructure (AFI) to banks and non-banks, enabling them to build current accounts, savings, credit, and BNPL products without replatforming. The company's embedded-finance angle is that it serves as the orchestration and component layer for other financial institutions, with third-party specialists (like Paymentology for card issuing) forming its partner ecosystem.