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Vacuumlabs expands partnership with Thought Machine

By Gloria Methri

May 03, 2023

  • Core Banking systems
  • Europe
  • FinTech
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Thought Machine, Trust BankDigital product development firm Vacuumlabs is offering an enhanced suite of services to complement Thought Machine’s cloud-native core banking technology, Vault Core.

“We have used our four years of experience with Thought Machine’s Vault Core to develop our new propositions around application architecture, smart contracts, and infrastructure development,” said Paul Kenny, Chief Growth Officer at Vacuumlabs.

In 2021, Vacuumlabs successfully completed the first-ever implementation of Thought Machine’s Vault Core banking technology in Asia. This was followed by implementations in South-East Asia and Europe.

Vacuumlabs have used this project knowledge to develop propositions around application architecture, infrastructure development, and smart contract development. Additionally, the company also offers personalized training modules for clients’ teams to maintain business operations on this highly efficient core banking system.

“We believe our new propositions, which reduce risk and time to market, will help clients around the world to modernize their banking stack and build innovative products with Thought Machine,” added Kenny.

Thought Machine’s cloud-native core banking platform is trusted by many leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom Bank, Curve, and more. The Vault platform has been written from scratch as an entirely cloud-native system and gives banks full control to build any product required to flourish in a rapidly changing world.

Vacuumlabs specializes in the realm of digital banking and blockchain-based technology to improve the lives of end-users, build new communities, and enrich the FinTech landscape. A Bratislava-based company with 340+ people, it supports clients from five locations in Europe, North America, and Asia to create socially responsible, purposeful, and inventive digital products.

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