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IBM teams up with Thought Machine to hawk cloud-based core banking system

IBM teams up with Thought Machine to hawk cloud-based core banking system

December 4, 2018

Via: Finextra
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Thought Machine has spent the last few years trying to solve one of the biggest problems in banking: how to replace the decades old legacy core systems which hamper the delivery of new customer-facing digital services.

The firm’s answer is Vault, a cloud-native modern alternative that comes with a full suite of retail banking products that are implemented via a system of smart contracts and has cryptographic ledgers for watertight security.

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