Thought Machine partners with IBM to unleash the power of data for banks

The core banking systems in today’s banks were deployed decades ago, massively restricting their ability to manage and gain value from their data and stifling their ability to innovate. The result: a lower quality customer proposition, slower service delivery, and other technology-related issues such as system outages. Although they recognize the need to move services to the cloud, most banks are not fully digitized or operating cloud-native technology. Vault, the cloud-native core banking system from Thought Machine, can help banks address their technologically marooned environment. Thought Machine and IBM have teamed up in a synergistic relationship to deliver Vault into banks globally. IBM has over 90,000 cloud experts and strong relationships with the banking community across the globe. Combining IBM’s excellence and expertise in the operational understanding of a bank’s full stack with the Vault technology can help banks create new propositions and offerings that take full advantage of the cloud. Read more: https://ibm.co/38vOFyY

“…The combination of IBM’s excellence and expertise in the operational understanding of a bank’s full stack and our technology brought to bear means that that full renewal can be achieved. IBM and Thought Machine have partnered because there is a symbiotic relationship,” explains Travers Clarke-Walker, Chief Sales and Marketing Officer, Thought Machine.

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•IBM Client References: http://bit.ly/1hzYvlB