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Thought Machine

  • Implement an Universal product engine for Modern Banking

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Overview

Legacy IT systems often hinder banks from innovating and providing customers with desired products and services. Towards this, Thought Machine has developed Vault, a revolutionary core banking platform leveraging cloud-native technology. Vault is built using API microservices, enhancing a bank’s competitive edge, innovation capabilities, speed, and security. Our certified consultants will accompany you on your modernization journey with Thought Machine.

Why Vault Core?


Innovate

Cloud-native technology aligns with agile development practices, allowing for faster launching products.

Core

Single core

Universal product engine that can run all type of retail and corporate products that are inherently currently siloed, on a single platform.


Performance

A core system with high availability, resiliency, reliability and scalability that can serve the banks and customers without breakage.


Real-time

The ability to provide information to consumers in an expected timely fashion. Everything happens in real-time.


API-first

Accessible fully APIs. Utilizing the platforms synchronous and asynchronous APIs opens up other strategic possibilities.

Vault’s unique benefits for banks

 
Control to deliver the bank’s strategy

Control to deliver the bank’s strategy

Banks can build upon pre-configured smart contracts, select from those available in the product library, or write them from scratch. In all scenarios, the bank maintains full control over the product, eliminating dependency on the vendor (Thought Machine) – a groundbreaking advancement in core technology.

Freedom from vendor dependency to act at speed

Freedom from vendor dependency to act at speed

Unlike other core banking platforms, the bank has no reliance on Thought Machine for designing and launching products. Our clients have complete autonomy, enabling them to act swiftly, launch products rapidly, and respond to market changes or new opportunities with agility.

Benefits of truly cloud-native technology

Benefits of truly cloud-native technology

By building the software for the cloud, as opposed to on-premises hardware, the bank benefits from the unique features or cloud infrastructure. Thought Machine’s software scales horizontally, has disaster recovery built-in, and is highly available. The microservices architecture ensures robust operational resilience.

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