Challenging marketing dynamics, including increasing customer demands, declining profitability, and the rise of digital fintechs have forced traditional financial institutions to embrace and rapidly adopt fully-digital banking experiences. However, existing operating models and processes at these traditional institutions are not designed to deliver the experiences needed at low cost and at scale
STORM, or the Synpulse x Thought Machine Operating Requirements Model, combines Synpulse’s deep expertise in target operating model design with Thought Machine’s Vault Core banking platform. It is designed to accelerate the transformation journey for digital greenfield banks of traditional financial institutions.
STORM combines more than 100 baseline processes, all essential to set up new digital greenfield banks, mapping them to integrate seamlessly with Vault Core. The approach reduces time-to-market for new banks by up to 35%
Accelerate speed to market
Improve operational efficiency
STORM is a robust target operating model design tailored to accommodate various core transformation strategies: digital greenfield, coexistence, and migrations.
Synpulse and Thought Machine continue to iteratively implement, test, and add to the 100 baseline processes through joint projects to ensure STORM continuously improves over time.