Industry

UK software firm chooses IBM Cloud for cloud-native banking platform

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Thought Machine banking platformThought Machine, a software developer based in the United Kingdom, has teamed with IBM to accelerate its new cloud-native banking platform.

The platform, called Vault, “allows banks to fully realize the benefits of IBM Cloud and has been developed to be highly flexible, giving banks the ability to quickly add new products, accommodate shifts in a bank’s strategy or react to external changes in the market”, reports CloudPro.

IBM and Thought Machine are opening a global practice headquartered in London that will be staffed by existing and new consultants with banking transformation and implementation expertise.

“Vault offers the first core banking platform built in the cloud from the ground up, massively scalable and with the flexibility to create and launch new products and services in days versus months, at unprecedented levels of cost and speed,” Jesus Mantas, managing partner of IBM Global Business Services, said.

For more details, read the full story at CloudPro.

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