HCL Tech Partners with Thought Machine to Modernise Banking Systems

HCL Technologies said on Tuesday it has partnered with UK-based Thought Machine to support banks globally in shifting from legacy systems to AI- and cloud-powered autonomous financial institutions.

The collaboration will use Thought Machine’s Vault Core, a core banking and payments platform launched in 2015, to automate key operations, improve efficiency, and enhance customer experience, the company said in a filing.