At the very start of the engagement, a bank gets its own Vault
instance. This allows a bank to instantly start creating its own bank,
by adding apps, connecting other systems, building products and so on.
This is a cornerstone as to how Thought Machine builds banks - by
having a working bank instance at project inception the bank can get
an in depth feel as to how everything works and be able to build the
bank in a truly agile fashion.
In pre production Thought Machine assigns a delivery team specific to
the bank. This team will stay with the bank from project inception
through to production and beyond. The delivery team will help the
- Set up instances and test environments.
Show how the initial a set of standard products and workflows works.
Show the bank how to customise Vault and create any type of product,
workflow or integration.
- Conduct project work to help with requirements and scoping.
- Receive training in using and customising Vault.
Help select a suitable set of vendors and partners from the
extensive Thought Machine partnership network.
- Support the bank through go live and production.
Maintain the relationship and help the bank grow in future years.
Vault is highly configurable, enabling banks to build exactly the
proposition they want. There are three ways of working when
Banks can write smart contracts and workflows through Vault’s
Partners (usually system integrators) can write the smart contracts,
workflows and other configuration content. Thought Machine runs an
accreditation program and can recommend accredited partners to work
with a bank.
Thought Machine can write the content. We usually do this at the
start of an engagement as we onboard the bank to ways of developing
in Vault. Generally we encourage banks to then become self
sufficient in developing further products, or to use an accredited
Thought Machine is building a comprehensive partner network. We design programs to augment the expertise and resources of our partners, to ensure the satisfaction of our Clients and to promote Vault. We have three main types of partner:
Thought Machine will work with consultancies to help a bank map its path to a future state banking system.
Thought Machine will work with system integrators to help build out the new bank. This involves building new services, applications which run on Vault, and integrating with other technology vendors. Banks can use system integrators to help build configuration layer content such as smart contracts and workflows. Our partners have performed this work with several banks and are familiar with Vault and its configuration.
Solutions from other technology vendors complement Vault and help complete the bank. Vault is already integrated and tested against many independent offerings, and banks are free to choose from these or choose their own and integrate though Vault’s APIs.
Becoming a partner
Our partnership network is growing, and we invite you to join if you
can help bring:
A technology solution to serve the needs of a cloud native bank
Services to help a bank transition to a cloud native architecture
- Products and services to support a bank in-production
- Cloud native banking services
Partners will benefit from:
- Training and accreditation
- Specialised support
- Use of a sandbox to help build your integration
- Sales and marketing collaborations
- Referrals to banks