DXC and Thought Machine Launch Joint Solution to Accelerate Banking Modernization
DXC Technology (NYSE: DXC) and Thought Machine have announced a strategic partnership to launch a joint solution aimed at accelerating digital transformation for small and midsize banks. The collaboration combines DXC's industry expertise and management services with Thought Machine's cloud-native banking platforms - Vault Core and Vault Payments.
The integrated solution enables banks to modernize legacy systems, launch new financial products in hours instead of weeks, and improve operational efficiency. DXC, which manages 250 million customer deposit accounts and processes 275 million cards daily across 475 banks, will provide end-to-end Business Process Services capabilities while leveraging Thought Machine's configurable technology.
DXC Technology (NYSE: DXC) e Thought Machine hanno annunciato una partnership strategica per lanciare una soluzione congiunta volta ad accelerare la trasformazione digitale delle banche di piccole e medie dimensioni. La collaborazione unisce l'esperienza di settore e i servizi di gestione di DXC con le piattaforme bancarie cloud-native di Thought Machine - Vault Core e Vault Payments.
La soluzione integrata permette alle banche di modernizzare i sistemi legacy, lanciare nuovi prodotti finanziari in poche ore anziché settimane e migliorare l'efficienza operativa. DXC, che gestisce 250 milioni di conti deposito clienti e processa 275 milioni di carte ogni giorno in 475 banche, fornirà capacità di Business Process Services end-to-end sfruttando la tecnologia configurabile di Thought Machine.
DXC Technology (NYSE: DXC) y Thought Machine han anunciado una alianza estratégica para lanzar una solución conjunta destinada a acelerar la transformación digital de bancos pequeños y medianos. La colaboración combina la experiencia industrial y los servicios de gestión de DXC con las plataformas bancarias nativas en la nube de Thought Machine - Vault Core y Vault Payments.
La solución integrada permite a los bancos modernizar sistemas heredados, lanzar nuevos productos financieros en horas en lugar de semanas y mejorar la eficiencia operativa. DXC, que gestiona 250 millones de cuentas de depósito de clientes y procesa 275 millones de tarjetas diariamente en 475 bancos, proporcionará capacidades completas de Servicios de Procesos de Negocio utilizando la tecnología configurable de Thought Machine.
DXC 테크놀로지(NYSE: DXC)와 Thought Machine이 중소형 은행의 디지털 전환 가속화를 목표로 하는 공동 솔루션 출시를 위한 전략적 파트너십을 발표했습니다. 이번 협력은 DXC의 산업 전문성과 관리 서비스를 Thought Machine의 클라우드 네이티브 뱅킹 플랫폼인 Vault Core 및 Vault Payments와 결합합니다.
통합 솔루션은 은행이 레거시 시스템을 현대화하고, 새로운 금융 상품을 몇 주가 아닌 몇 시간 내에 출시하며, 운영 효율성을 향상할 수 있도록 지원합니다. DXC는 2억 5천만 고객 예금 계좌를 관리하고 매일 2억 7천 5백만 장의 카드를 475개 은행에서 처리하며, Thought Machine의 구성 가능한 기술을 활용해 종합적인 비즈니스 프로세스 서비스 역량을 제공합니다.
DXC Technology (NYSE : DXC) et Thought Machine ont annoncé un partenariat stratégique pour lancer une solution conjointe visant à accélérer la transformation numérique des banques petites et moyennes. Cette collaboration combine l'expertise sectorielle et les services de gestion de DXC avec les plateformes bancaires cloud-native de Thought Machine – Vault Core et Vault Payments.
La solution intégrée permet aux banques de moderniser leurs systèmes hérités, de lancer de nouveaux produits financiers en quelques heures au lieu de plusieurs semaines, et d'améliorer l'efficacité opérationnelle. DXC, qui gère 250 millions de comptes de dépôt clients et traite 275 millions de cartes quotidiennement dans 475 banques, fournira des capacités complètes de services de processus métier en tirant parti de la technologie configurable de Thought Machine.
DXC Technology (NYSE: DXC) und Thought Machine haben eine strategische Partnerschaft angekündigt, um eine gemeinsame Lösung zur Beschleunigung der digitalen Transformation kleiner und mittelgroßer Banken auf den Markt zu bringen. Die Zusammenarbeit kombiniert DXCs Branchenerfahrung und Managementservices mit den cloud-nativen Bankplattformen von Thought Machine – Vault Core und Vault Payments.
Die integrierte Lösung ermöglicht es Banken, Altsysteme zu modernisieren, neue Finanzprodukte innerhalb von Stunden statt Wochen einzuführen und die operative Effizienz zu steigern. DXC, das 250 Millionen Kunden-Einlagenkonten verwaltet und täglich 275 Millionen Karten bei 475 Banken verarbeitet, wird End-to-End Business Process Services bereitstellen und dabei die konfigurierbare Technologie von Thought Machine nutzen.
- Partnership enables banks to launch new financial products in hours rather than weeks or months
- Solution eliminates need for code changes and increases speed of future digital product launches
- DXC brings extensive experience managing 250 million customer deposit accounts and processing 275 million cards daily
- Integration enhances operational efficiency and reduces modernization complexity for small and midsize banks
- None.
Insights
DXC's partnership with Thought Machine strategically positions it in the growing banking modernization market for smaller institutions.
This strategic partnership between DXC Technology and Thought Machine represents a significant move to capture market share in the banking technology modernization space, specifically targeting small and midsize financial institutions. By combining DXC's extensive industry expertise (45+ years in banking operations) with Thought Machine's cloud-native banking platforms (Vault Core and Vault Payments), they're addressing a critical market gap.
Small and midsize banks face unique challenges: they lack the resources of larger institutions to build proprietary platforms yet need modern systems to remain competitive. This joint solution offers these institutions a one-stop managed service that simplifies the complex modernization process, potentially eliminating significant barriers to digital transformation.
The value proposition is compelling: the ability to launch new financial products (savings accounts, mortgages, loans) in hours rather than weeks or months. This acceleration dramatically improves time-to-market capabilities, which is increasingly crucial in today's rapidly evolving financial services landscape.
DXC brings substantial credibility to this partnership, currently managing 250 million customer deposit accounts and processing for 275 million cards daily at 475 banks. This extensive footprint provides a strong foundation for selling this joint solution into the banking sector.
The banking technology modernization market is growing as institutions seek to replace legacy core systems with flexible, cloud-native alternatives. This partnership positions DXC to capitalize on this trend while strengthening its competitive standing in the financial technology services market.
As small to midsize banks and financial institutions strive to keep pace with larger, global banks building proprietary platforms in-house, they often face complex vendor landscapes and deeply entrenched legacy systems. This joint solution delivers a one-stop managed service, bringing together the right technology, tools, and people to modernize end-to-end banking operations. By offering a simplified path to transformation, DXC and Thought Machine help banks modernize legacy core systems, accelerate time to market for new digital products, and ensure operational efficiency, resilience, and compliance.
"This collaboration underscores our dedication to leveraging next-generation technology to enable banks to modernise faster and deliver exceptional financial products," said Randy McFarlane, global head of partnerships at Thought Machine. "With modern core systems, banks are empowered to develop more innovative, customer-centric services with speed and ease. We are excited to work with DXC to accelerate banking transformation and build the future of financial services globally."
The integrated solution enhances agility, eliminates scalability barriers, and significantly reduces time to market. Financial institutions can either build new products from the ground up or migrate existing systems to the Vault platform—all fully managed through DXC's end-to-end Business Process Services capabilities. The result: financial institutions can launch new products, including savings accounts, mortgages, and loans in hours rather than weeks or months. Combining DXC's automation-first methodology with Vault Core's highly configurable technology eliminates the need for code changes and enables an increase in future digital product and feature launches.
"With more than 45 years of experience in banking operations, DXC is deeply committed to delivering best-in-class digital solutions to the world's leading financial institutions," said Chris Drumgoole, President, Global Infrastructure Services at DXC Technology. "Our joint solution with Thought Machine provides a comprehensive, future-ready path to modernization—enabling banks to accelerate innovation, improve operational efficiency, and reduce risk."
As a leader in Banking and Capital Markets technology-driven managed services with over four decades of industry experience, DXC is trusted by financial institutions of all sizes to manage 250 million customer deposit accounts. DXC's extensive ecosystem of innovative partners, products, technology, and talent enables seamless processing for 275 million cards daily at 475 banks.
For more information about DXC's collaboration with Thought Machine, visit DXC Banking BPS.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
About Thought Machine
Thought Machine has developed the foundations of modern banking with its cloud-native core banking and payments technology. Its cloud-native core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom bank, Curve, and more.
Vault Core and Vault Payments have been written from scratch as entirely cloud-native technologies, giving banks full control to run any bank, product, and payment set to flourish in a rapidly changing world.
Thought Machine is a global team spread across offices in
For more information, visit thoughtmachine.net
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SOURCE DXC Technology Company
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