Latest news with #VaultCore
Yahoo
19 hours ago
- Business
- Yahoo
Unicaja, DXC forge ten-year partnership for banking transformation
DXC Technology has entered into a ten-year partnership with Spain-based bank Unicaja, aimed at modernising the bank's operations. The collaboration will leverage DXC's capabilities in advanced technologies, specifically artificial intelligence (AI), to enhance automation, agility, and customer interactions. This initiative is intended to improve operational efficiency and productivity while providing a more tailored customer experience to Unicaja, according to the company. Unicaja technology and operations head Estrella Botas said: 'This marks a milestone in our evolution toward a more agile and intelligent operating model, ready to face the challenges of the financial sector. 'It's not just about incorporating technology but about transforming the way we operate to deliver better service to our customers.' The partnership aligns with Unicaja's strategic plan for 2025–2027, which focuses on innovation through enhanced customer service, product customisation, and operational flexibility. Additionally, DXC will assist Unicaja in ensuring that its banking systems comply with evolving European regulations. Following regulatory approval, DXC is set to acquire FK2, a subsidiary of Unicaja, and will take charge of a specialised team with expertise in banking and technology. DXC Technology Spain and Portugal managing director Alfonso Garcia said: 'This partnership further strengthens our global leadership in the banking sector, where the world's leading financial institutions rely on our decades of experience and deep industry expertise. 'In Spain, we support all major banks in driving competitive advantage and navigating complex challenges. Our commitment is to deliver operational excellence and position Unicaja as a global benchmark for AI-driven business transformation.' Last month, DXC Technology and Thought Machine launched a joint solution to accelerate banking modernisation for small and midsize banks. The partnership combines DXC's IT services with Thought Machine's Vault Core and Vault Payments platforms to streamline digital transformation. "Unicaja, DXC forge ten-year partnership for banking transformation" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cision Canada
24-06-2025
- Business
- Cision Canada
DXC and Thought Machine Launch Joint Solution to Accelerate Banking Modernization
ASHBURN, Va., June 24, 2025 /CNW/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, and Thought Machine, a leading provider of cloud-native banking technology, today announced a joint solution to accelerate digital transformation for small and midsize banks. The collaboration combines DXC's deep industry expertise and full-service management with Thought Machine's next-generation core banking technology platform, Vault Core, and payments processing platform, Vault Payments, to streamline modernization for financial institutions. As small to midsize banks and financial institutions strive to keep pace with larger, global banks building proprietary platforms in-house, they often face complex vendor landscapes and deeply entrenched legacy systems. This joint solution delivers a one-stop managed service, bringing together the right technology, tools, and people to modernize end-to-end banking operations. By offering a simplified path to transformation, DXC and Thought Machine help banks modernize legacy core systems, accelerate time to market for new digital products, and ensure operational efficiency, resilience, and compliance. "This collaboration underscores our dedication to leveraging next-generation technology to enable banks to modernise faster and deliver exceptional financial products," said Randy McFarlane, global head of partnerships at Thought Machine. "With modern core systems, banks are empowered to develop more innovative, customer-centric services with speed and ease. We are excited to work with DXC to accelerate banking transformation and build the future of financial services globally." The integrated solution enhances agility, eliminates scalability barriers, and significantly reduces time to market. Financial institutions can either build new products from the ground up or migrate existing systems to the Vault platform—all fully managed through DXC's end-to-end Business Process Services capabilities. The result: financial institutions can launch new products, including savings accounts, mortgages, and loans in hours rather than weeks or months. Combining DXC's automation-first methodology with Vault Core's highly configurable technology eliminates the need for code changes and enables an increase in future digital product and feature launches. "With more than 45 years of experience in banking operations, DXC is deeply committed to delivering best-in-class digital solutions to the world's leading financial institutions," said Chris Drumgoole, President, Global Infrastructure Services at DXC Technology. "Our joint solution with Thought Machine provides a comprehensive, future-ready path to modernization—enabling banks to accelerate innovation, improve operational efficiency, and reduce risk." As a leader in Banking and Capital Markets technology-driven managed services with over four decades of industry experience, DXC is trusted by financial institutions of all sizes to manage 250 million customer deposit accounts. DXC's extensive ecosystem of innovative partners, products, technology, and talent enables seamless processing for 275 million cards daily at 475 banks. For more information about DXC's collaboration with Thought Machine, visit DXC Banking BPS. About DXC Technology DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at About Thought Machine Thought Machine has developed the foundations of modern banking with its cloud-native core banking and payments technology. Its cloud-native core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom bank, Curve, and more. Vault Core and Vault Payments have been written from scratch as entirely cloud-native technologies, giving banks full control to run any bank, product, and payment set to flourish in a rapidly changing world. Thought Machine is a global team spread across offices in London, New York, Singapore, and Sydney and has raised more than $500m in funding.
Finextra
27-05-2025
- Business
- Finextra
Finca builds new fintech platform powered by Thought Machine's Vault core
FINCA, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch '361 by FINCA', a transformative operating platform to scale financial inclusion, beginning in Africa. 0 To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. '361 by FINCA' is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core's real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals. The technology will also allow FINCA to rapidly scale across African markets and integrate with customer service channels and interaction points. Thought Machine's modern technology and innovative approach position it to be the ideal partner for the platform—Vault Core is completely free from legacy code and designed for efficiency and scale. The '361 by FINCA' platform will seamlessly integrate into and enrich the functional capabilities of the existing business software stack. With Vault Core, FINCA gains the flexibility to launch innovative products tailored to the diverse needs of its customers, including smallholder farmers, families on the margins, and microentrepreneurs. Its real-time data capabilities and modular design mean faster rollouts, greater personalisation, and a more agile response to evolving market needs. 'We're building a new fintech platform that is fast, flexible, and deeply connected to people's lives,' said Herman Spruit, CEO, 361 by FINCA. 'With 361, powered by Thought Machine's technology, we can create innovative, personalised financial products that grow with people's lives—whether saving for school, starting a business, or supporting their families.' Paul Taylor, CEO and founder, Thought Machine, comments: 'This partnership reflects a deep commitment to using cloud-native technology to build world-class financial products that drive economic growth. Supported by modern core technology, banks are empowered to create a future where financial services are accessible to individuals everywhere. We look forward to working with FINCA to build the future of financial services across the continent.' The platform's build will be led by Ikigai Digital, a certified Thought Machine delivery partner known for its deep technical expertise and successful track record implementing Vault Core. Ikigai Digital's team of subject-matter experts has hands-on experience in platform operations, migration, and integration architecture, ensuring high-quality, end-to-end implementation. Andy Farmer, CEO, Ikigai, comments: 'Ikigai has formed a strategic partnership with FINCA to build and run a Microfinance Platform. Together, we are building a new business underpinned with cutting-edge technology that will provide huge flexibility for customers, driven by the shared mission to expand financial access in underserved markets and enhance the lives of millions of people.' The '361 by FINCA' operating platform will also offer white-labelling capabilities, allowing other organisations to leverage Vault Core's engine to deliver customised financial services to their customers. This approach breaks down traditional barriers to access, enabling a broader ecosystem of providers to accelerate financial inclusion across the continent.
Finextra
21-05-2025
- Business
- Finextra
Finca taps Thought Machine for BaaS platform
Finca, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch '361 by FINCA', a transformative operating platform to scale financial inclusion, beginning in Africa. 0 To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. '361 by FINCA' is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core's real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals. The technology will also allow FINCA to rapidly scale across African markets and integrate with customer service channels and interaction points. Thought Machine's modern technology and innovative approach position it to be the ideal partner for the platform—Vault Core is completely free from legacy code and designed for efficiency and scale. The '361 by FINCA' platform will seamlessly integrate into and enrich the functional capabilities of the existing business software stack. With Vault Core, FINCA gains the flexibility to launch innovative products tailored to the diverse needs of its customers, including smallholder farmers, families on the margins, and microentrepreneurs. Its real-time data capabilities and modular design mean faster rollouts, greater personalisation, and a more agile response to evolving market needs. 'We're building a new fintech platform that is fast, flexible, and deeply connected to people's lives,' said Herman Spruit, CEO, 361 by FINCA. 'With 361, powered by Thought Machine's technology, we can create innovative, personalised financial products that grow with people's lives—whether saving for school, starting a business, or supporting their families.' Paul Taylor, CEO and founder, Thought Machine, comments: 'This partnership reflects a deep commitment to using cloud-native technology to build world-class financial products that drive economic growth. Supported by modern core technology, banks are empowered to create a future where financial services are accessible to individuals everywhere. We look forward to working with FINCA to build the future of financial services across the continent.' The platform's build will be led by Ikigai Digital, a certified Thought Machine delivery partner known for its deep technical expertise and successful track record implementing Vault Core. Ikigai Digital's team of subject-matter experts has hands-on experience in platform operations, migration, and integration architecture, ensuring high-quality, end-to-end implementation. Andy Farmer, CEO, Ikigai, comments: "Ikigai has formed a strategic partnership with FINCA to build and run a Microfinance Platform. Together, we are building a new business underpinned with cutting-edge technology that will provide huge flexibility for customers, driven by the shared mission to expand financial access in underserved markets and enhance the lives of millions of people." The '361 by FINCA' operating platform will also offer white-labelling capabilities, allowing other organisations to leverage Vault Core's engine to deliver customised financial services to their customers. This approach breaks down traditional barriers to access, enabling a broader ecosystem of providers to accelerate financial inclusion across the continent.
