Vacuumlabs, the global provider of full-stack fintech solutions, recently announced a global partnership with Thought Machine, the cloud native core banking technology company, following the two firms’ successful cooperation in Asia.
Vacuumlabs recently completed the first-ever installation in Asia of Thought Machine’s core banking engine Vault. „
„This significant project has enabled a new virtual bank to launch in Hong Kong – along with Asia’s first numberless payment card. The bank went from initial licensing to market deployment in just 18 months,” according to the press release.
Thought Machine’s technology and Vacuumlabs’ expertise provided this new bank with unparalleled security, scalability, flexibility and availability. The Vacuumlabs team of specialist engineers worked both remotely and on-site throughout the build to lead the installation.
Steve Hoy, Partnerships Director of Thought Machine explains why Vacuumlabs was the first-choice partner for this ambitious and successful endeavor:“Vacuumlabs has the specialist skillsets, technical expertise, and can-do attitude which enabled the client to embrace our cloud native core banking technology – the collaboration between our two companies was a key factor for the overall success of the project.”
Paul Kenny, Chief Growth Officer comments: “Thought Machine’s cloud native core banking platform, Vault, is a proven gamechanger for banks around the world. This partnership is the logical step forward for our two companies which share a vision of engineering excellence and transforming industries with modern, pioneering technology.”
Based on the first implementation of Thought Machine in Asia, Vacuumlabs aims to strengthen its presence in the APAC region and broaden its services to existing and new clients in Asia with the launch of new regional headquarters in Hong Kong.
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Vacuumlabs has a well-established track record in supporting those companies and brands that accelerate change in global financial services and make up this ecosystem.
Vacuumlabs and Thought Machine also launched the report Building a digital bank in August 2020, providing practical insights on how to future-proof any bank with modern cloud native technology.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
