In June 2020, we announced that our cloud native core banking platform, Vault Core, was proven and available on all infrastructure options; an important milestone for the company. By being cloud agnostic, we can serve clients across the world, each of whom have different preferences and requirements for their public cloud providers, including multi or hybrid cloud strategies.
Many of our top tier banking clients have selected Microsoft Azure as their cloud platform of choice. Thought Machine’s core banking system Vault Core is now listed on the Microsoft Azure Marketplace. This marks the start of a much closer collaboration between the two companies, as well as the potential to bring the depth and breadth of the Microsoft ecosystem to banking clients around the world.
Thought Machine and Microsoft were both sponsors of EBADay 2020, a virtual event where our Chief Marketing Officer, Travers Clarke-Walker and Microsoft Financial Services EMEA Regional Business Lead, Patrice Amann featured in a panel discussion on future technologies. Propositions built around cloud native technology and a wider, connected ecosystem, offer banks the opportunity to transform at pace, reduce costs, and target specific customer pain points in ways that are incomparable with legacy systems.
Gareth Richardson, Chief Operating Officer at Thought Machine, said: ‘We see an increasing demand from our clients to have Vault Core available on Microsoft Azure. Listing on Azure Marketplace demonstrates our commitment to bringing Vault Core to Microsoft’s financial services clients around the world. Microsoft is known for their financial services specialism and so we are excited to work with them to bring our technology and their ecosystem to banks around the world’.
Peter Hazou, Director of Business Development for the Microsoft FSI team, said: ‘The challenges of 2020 have only reinforced the need for banks to modernise and meet the changing demands of their customers. Thought Machine enables banks to transform at pace and break away from the cycle of legacy.’
Thought Machine integrates Azure Kubernetes Service and its availability through Azure Marketplace has the potential to modernise core banking in more than 100 countries and regions around the world.