HCLTech, a leading global technology company, has entered into a worldwide partnership with Thought Machine, a pioneer in cloud-native banking technology, to fast-track the modernization of financial institutions across the globe. The collaboration is aimed at helping banks transition from outdated legacy systems to intelligent, autonomous and cloud-first ecosystems that can deliver faster, more secure and highly personalized customer experiences.
At the heart of this partnership is Thought Machine’s Vault platform, a next-generation core banking and payments technology built on a cloud-native architecture. By deploying Vault, banks will be able to automate critical operations, enhance efficiency and eliminate the limitations of legacy frameworks. This shift is expected to unlock new levels of agility, enabling financial institutions to innovate quickly and launch new products at speed.
HCLTech will bring its deep domain expertise in banking technology, regulatory compliance and large-scale system integration to the partnership. The company will offer end-to-end transformation services through Vault-certified delivery teams, supported by global fintech Centers of Excellence and a robust DevSecOps foundation. As part of its commitment, HCLTech will also set up a dedicated global Center of Excellence for Vault Core and Vault Payments, designed to deliver modular, real-time and scalable solutions for the financial services industry.
The joint offering is positioned to benefit both established financial institutions and emerging challenger banks by providing the tools and frameworks needed to build resilient, AI-powered banking ecosystems.
