Banks can build upon pre-configured smart contracts, select from those available in the product library, or write them from scratch. In all scenarios, the bank maintains full control over the product, eliminating dependency on the vendor (Thought Machine) – a groundbreaking advancement in core technology.

Unlike other core banking platforms, the bank has no reliance on Thought Machine for designing and launching products. Our clients have complete autonomy, enabling them to act swiftly, launch products rapidly, and respond to market changes or new opportunities with agility.

By building the software for the cloud, as opposed to on-premises hardware, the bank benefits from the unique features or cloud infrastructure. Thought Machine’s software scales horizontally, has disaster recovery built-in, and is highly available. The microservices architecture ensures robust operational resilience.