News

Judo Bank upgrades its platform by integrating Thought Machine tech

Monday 9 September 2024 14:54 CET | News

Thought Machine, a provider of cloud-native banking technology, has announced that its client, Judo Bank, has migrated its lending operations to Vault Core.

More details about the new integration

Judo Bank carried out a market analysis and chose Thought Machine as the vendor capable of fulfilling its requirements during its growth phase. The initiative to upgrade Judo's platform into a cloud-native, adaptable, and contemporary solution started in 2023. The Thought Machine platform, Vault Core, is trusted by banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom Bank, Curve, and others.

The migration was achieved with assistance from Thought Machine’s internal data migration specialists and other expert partners in delivery and architectural design. Nine months after the project's launch, the bank was able to pilot the offering to new customers. Following this, existing customers were migrated shortly thereafter to confirm the system's complete capabilities.

Representatives from Judo have stated that by adopting Thought Machine technology, they can now provide their customers with customised products and services.

 

Judo Bank upgrades its platform by integrating Thought Machine tech

 

About the Thought Machine technology

Thought Machine technology helps the way banks function, manage, and distribute financial products. Vault Core, a cloud-native core banking platform, has been designed from the ground up to offer clients control and flexibility.

This solution is designed to integrate with existing systems while offering the scalability and flexibility that modern financial institutions demand. By leveraging technology and a microservices architecture, Vault Core enables banks to rapidly deploy new products, respond to changing market conditions, and deliver a better customer experience.

Moreover, the platform's security features protect sensitive financial data, while its compliance capabilities simplify the process of adhering to ever-evolving regulatory requirements.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, payment processing, payments , banking, financial institutions
Categories: Banking & Fintech
Companies: Judo Bank, Thought Machine
Countries: United Kingdom
This article is part of category

Banking & Fintech

Judo Bank

|

Thought Machine

|
Discover all the Company news on Judo Bank and other articles related to Judo Bank in The Paypers News, Reports, and insights on the payments and fintech industry: