Source: Thought Machine
Thought Machine, the cloud-native banking technology company and Quantifeed, the leading provider of digital wealth management solutions, today announce a new partnership which brings together their joint capabilities to service the private banking sector worldwide.
Thought Machine is having exceptional success in delivering modern, cloud-native core and payment technology to retail and commercial banks worldwide. Its core banking platform, Vault Core, is live and in production with Tier 1 banks, digital challengers, and fintechs, including Lloyds Banking Group, Standard Chartered, Intesa Sanpaolo, and more.
Quantifeed enables financial institutions to provide customer-centric and modular investment services. By combining software engineering and quantitative finance expertise, Quantifeed has delivered its digital wealth solutions to clients worldwide, including DBS, HSBC, MUFG Bank in Asia, BBVA, Fidelity, and Julius Bär in Europe.
Quantifeed’s QEngine platform and Thought Machine’s Vault Core offer a comprehensive solution for private banks. The integrated system connects front, middle, and back offices, allowing banks to navigate and migrate from monolithic, legacy technology and develop new investment products and distribution channels.
Quantifeed and Thought Machine are currently engaged with several clients, including one of Hong Kong’s fastest-growing digital banks.
Financial institutions, advisors, and portfolio managers will be able to streamline advice generation and trade execution, boosting overall productivity. As a result, customers can enjoy a seamless and engaging experience while achieving their investment goals.