By Aisling Finn on Monday 5 October 2020
Monese will migrate its existing customers over the Thought Machine’s cloud-based platform, Vault.
The digital bank has integrated Thought Machine’s core banking platform, Vault, to help it build products quickly while improving customer experience at the same time.
Monese, which is available in 31 European countries, will be able to use Vault to introduce new features and onboard more customers than was previously possible.
“By adopting Vault, we unlock new possibilities to deliver a seamless banking experience that will inevitably help us reach more customers.”
Paul Taylor, CEO of Thought Machine, added: “The most ambitious, and most dominant technology companies, all run their systems entirely in the cloud.”
“Monese has now joined an elite group of financial services companies which deliver innovation, security, and resilience to its customers, at scale. Vault’s hyper-flexible core banking platform enables its clients to build and deliver banking services exactly as they want.”
Monese joins a long list of financial institutions to have implemented Thought Machine’s Vault technology including the likes of Lloyds Banking Group, Atom Bank, Nordic bank SEB and Standard Chartered.