In order to better serve the global private banking market, Thought Machine, a cloud-native banking technology firm, and Quantifeed, a provider of digital wealth management solutions, have formed a fresh partnership.
Thought Machine has had great success in delivering contemporary, cloud-native core and payment technology to retail and commercial banks globally.
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Its fundamental banking platform, Vault Core , is live and operational with Tier 1 banks, digital challengers, and fintech’s such as Lloyds Banking Group, Standard Chartered, Intesa Sanpaolo, and others.
Financial institutions can offer modular investment options that are focused on their clients due to Quantifeed. Quantifeed has provided its digital wealth solutions to clients all over the globe, including DBS, HSBC, MUFG Bank in Asia, BBVA, Fidelity, and Julius Bär in Europe, by fusing its experience in software engineering and quantitative finance.
For private banks, Thought Machine’s Vault Core and Quantifeed’s QEngine platform provides an extensive solution.
Since Vault Core and Vault Payments were created from the ground up as fully cloud-native solutions, banks have complete control over any bank, product, or payment that is intended to thrive in a world that is changing quickly.
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By GlobalDataWith offices in Sydney, Singapore, New York, London, and Singapore, Thought Machine is a multinational team that has raised over $500m in funding.
Quantifeed implemented its QEngine in major financial institutions, including DBS Bank in Singapore and MUFG Bank in Japan in Asia, as well as Julius Bär and BBVA in Europe.
Moreover, by linking the front, middle, and back offices, the integrated system enables banks to create new investment products and distribution channels while navigating and transitioning away from monolithic, outdated systems.
Currently, Quantifeed and Thought Machine are working with a number of clients, one of which is one of the digital banks in Hong Kong that is expanding the fastest.
The ability to streamline trade execution and advice production will benefit financial institutions, advisers, and portfolio managers by increasing overall productivity.
Customers can thereby accomplish their financial objectives while taking pleasure in a smooth and interesting experience.
