Saturday, 04 Jul 2020
BUSINESS
29/06/2020 06:05 PM

KUALA LUMPUR, June 29 -- Thought Machine, the cloud native core banking technology firm has announced its core banking platform Vault now runs on every major cloud infrastructure provider.

This includes Google Cloud Platform, Amazon Web Services, Microsoft Azure and IBM Cloud. Vault can be deployed on either the bank’s choice of cloud provider, on premise, in a hybrid cloud using OpenShift from Red Hat, or as a SaaS product.

According to a statement, Thought Machine’s expanded compatibility enables banks to migrate with the freedom to pick the cloud infrastructure partner of their choice - while adhering to any regulatory and legal requirements they might have in place.

“By delivering Vault as a Software-as-a-service product, banks no longer need to concern themselves with the implementation, regulatory and logistical obligations of bringing software in-house,” said Thought Machine Chief Executive Officer and Founder, Paul Taylor.

“Vault SaaS is now available with the same high level of security and resilience as our deployed version, without the infrastructural management overheads.”

Vault initially rolled out on GCP and AWS before progressing to run on the four leading cloud hosting providers, enabling far greater flexibility than peers in core banking and financial services technology.

The new SaaS offering brings further flexibility for banks wishing to operate an instance of Vault for their institution without the overhead of software management and updates. This Thought Machine-managed service is now available on AWS, with further provider compatibility planned for this year.

More details at www.thoughtmachine.net.

-- BERNAMA


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