HCLTech and Thought Machine Partner to Accelerate AI and Cloud-Led Transformation of Banks
Chennai: HCLTech, a leading global technology company, has announced a global partnership with Thought Machine, a pioneer in cloud-native banking technology, to accelerate the modernization of banks worldwide. The partnership aims to enable banks to rapidly transition from legacy systems and frameworks to intelligent, autonomous financial institutions powered by AI and cloud technologies.
Transforming Banking with Vault Platform
Thought Machine’s Vault platform, a next-generation core banking and payments technology, will be at the core of this transformation. By replacing outdated infrastructure with Vault’s cloud-native architecture, banks can automate key operations, enhance efficiency, and deliver personalized customer experiences. HCLTech will bring its deep expertise in banking technology, regulatory compliance, and complex integrations to support rapid innovation and faster product launches.
Key Features of the Partnership
- Full-stack transformation services: HCLTech will offer Vault-certified delivery teams, global fintech Centers of Excellence, and a robust DevSecOps foundation.
- Dedicated global CoE: A dedicated global Center of Excellence for Vault Core and Vault Payments will be established, focused on delivering modular, real-time, and scalable solutions for the financial services sector.
- Agile and resilient ecosystems: The joint offering will enable banks to build agile, resilient, and future-ready ecosystems rooted in AI-led strategies.
Randy McFarlane, Global Head of Partnerships at Thought Machine, said, “Our global partnership with HCLTech marks a significant step in helping banks break free from legacy constraints and adopt truly digital-first models.”
Sudip Lahiri, Executive Vice President and Head—Europe and UKI, Financial Services, HCLTech, added, “This collaboration reflects our vision to lead the future of autonomous banking through cloud, data, and AI”.
