HCLTech , a leading global technology company, announced a global partnership with Thought Machine , a pioneer in cloud-native banking technology. The partnership aims to accelerate the modernization of banks around the world. The partnership will enable banks to rapidly transition from legacy systems and frameworks to intelligent, autonomous financial institutions powered by AI and cloud technologies.
Thought Machine’s Vault platform —a next-generation core banking and payments technology—will be at the heart of this transformation. By replacing legacy infrastructure with Vault’s cloud-native architecture, banks can automate core operations, increase efficiency, and deliver personalized customer experiences. HCLTech will leverage its deep expertise in banking technology , regulatory compliance, and complex integrations to support rapid innovation and accelerated product launches.
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Through the partnership, HCLTech will provide full-stack transformation services through Vault-certified delivery teams, global fintech centers of excellence (CoEs), and a robust DevSecOps foundation. The company will also establish a dedicated global CoE for Vault Core and Vault Payments , focused on delivering modular, scalable, real-time solutions for the financial services sector. The joint offering will enable banks, both established institutions and new entrants, to build agile, robust, and future-proof ecosystems based on AI-powered strategies.
“Our global partnership with HCLTech marks a significant milestone in helping banks break free from legacy structures and adopt truly digital models,” said Randy McFarlane, Global Head of Partnerships at Thought Machine. “Together, we will deliver intelligent, self-optimizing systems that evolve alongside customer needs.”
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“This collaboration reflects our vision to lead the way in shaping the future of autonomous banking through cloud, data, and AI,” said Sudip Lahiri, Executive Vice President and Head—Europe and UKI, Financial Services, HCLTech. “By joining forces with Thought Machine, we can help banks unlock exponential value, reduce operational friction, and accelerate time to market.”
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Source: Businesswire
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