HCLTech, a prominent global technology firm, has announced a worldwide partnership with Thought Machine, an innovator in cloud-native banking solutions, with the goal of expediting the modernization of banks across the globe. This collaboration seeks to assist banks in swiftly transitioning from outdated systems to advanced, autonomous financial institutions driven by AI and cloud technologies. At the heart of this transformation will be Thought Machine’s Vault platform, which represents cutting-edge core banking and payment technology. By substituting legacy infrastructure with Vault’s cloud-native design, banks can automate critical operations, improve efficiency, and provide tailored experiences to customers. HCLTech will leverage its extensive knowledge in banking technology, regulatory adherence, and complex integrations to facilitate rapid innovation and expedite product launches.
As part of the collaboration, HCLTech will provide comprehensive transformation services through Vault-certified delivery teams, global fintech Centers of Excellence (CoEs), and a strong DevSecOps framework. Additionally, the company plans to create a dedicated global CoE for Vault Core and Vault Payments, aimed at delivering modular, real-time, and scalable solutions for the financial services industry. This joint initiative will empower banks, whether traditional institutions or newer entrants, to develop agile, resilient, and future-ready ecosystems based on AI-driven strategies.
Randy McFarlane, Global Head of Partnerships at Thought Machine, stated, “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 at HCLTech, added, “This collaboration reflects our vision to lead the future of autonomous banking through cloud, data, and AI.”