Tech giant HCLTech joins forces with Thought Machine for a cloud-native, AI-powered banking collaboration

In a groundbreaking move, HCLTech has partnered with Thought Machine, a leading pioneer in cloud-native banking technology. The collaboration is designed to reshape the global banking industry with AI-led, customer-centric, and cloud-first models.

Randy McFarlane, Global Head of Partnerships at Thought Machine, stated that the partnership will help banks break free from legacy constraints and adopt truly digital-first models. The partnership aims to modernize banks worldwide and embrace a new era of intelligent, autonomous banking.

The alliance will deliver full-stack transformation services through Vault-certified delivery teams and global FinTech Centers of Excellence (CoEs). Vault, Thought Machine's next-generation core banking platform, will be at the heart of this transformation.

The partnership is underpinned by a robust DevSecOps foundation, enabling agility for innovation and reducing operational friction. This flexible, cloud-native architecture allows banks to automate critical processes and increase operational efficiency.

The collaboration centers around AI-led banking transformation. The new models being implemented are AI-led and customer-centric. They are designed to equip banks with the agility to accelerate innovation, shorten time-to-market for new products and services, and implement customer-centric banking models.

HCLTech will complement this with its expertise in banking technology, regulatory compliance, and complex integrations. The partnership is focused on implementing banking models that align with the industry's evolving demands.

The partnership aims to reshape the global financial landscape with banking models that align with industry evolutions. It is geared towards implementing customer-centric banking models and the new models are cloud-first in approach.

The new partnership is part of HCLTech and Thought Machine's alignment with AI-led, cloud-first, customer-centric models. The dedication to this partnership is further evident in the establishment of a dedicated global CoE for Vault Core and Vault Payments.

In summary, the partnership between HCLTech and Thought Machine is a significant step towards modernizing banking, ushering in a new era of intelligent, autonomous banking. The partnership is set to reshape the global banking industry, breaking free from legacy systems and embracing the future of banking.

Tech giant HCLTech joins forces with Thought Machine for a cloud-native, AI-powered banking collaboration