DXC Technology and Thought Machine Partner to Enhance Digital Transformation for Banks
DXC Technology, a global technology services provider, has teamed up with Thought Machine to introduce a joint solution aimed at optimizing digital transformation in small and midsize banks. This collaboration leverages the strengths of both companies—DXC’s industry expertise and management services along with Thought Machine’s Vault Core banking platform and Vault Payments payment processing system—to modernize financial institutions.
Addressing Challenges Faced by Smaller Banks
Smaller to medium-sized banks frequently struggle to compete against larger, global banks that develop proprietary platforms internally. These institutions often contend with complex vendor environments and legacy systems. The new solution offers a unified managed service encompassing technology, tools, and personnel to optimize end-to-end banking operations.
Modernizing Core Systems and Accelerating Product Launches
The joint venture helps banks modernize their core systems, quicken the time to market for innovative digital products, and ensure operational efficiency. Financial institutions can now create new products such as savings accounts, mortgages, or loans more swiftly—often in hours rather than weeks or months. By combining both firms’ technologies, there’s no need for code changes, thereby facilitating faster development of future digital products.
Supporting Financial Inclusion Through Vault Core
In May 2025, inclusive finance provider FINCA partnered with Thought Machine to launch a new platform aimed at scaling financial inclusion, particularly in Africa. The platform, named 361 by FINCA, was developed using Vault Core and designed to offer configurability and efficiency for financial service providers (FSPs) operating in emerging markets.
About the Solution
Through Vault Core’s real-time architecture and API-first design, FINCA introduced flexible, integrated financial products tailored to support low-income customers. These services help investors develop financial resilience, access simplified automated loan assessments, and renewals.