C6 Bank, a full-service bank for individuals and businesses based in São Paulo, Brazil, today announces it will be using core banking technology from Thought Machine for innovative products, which will be announced shortly.
C6 Bank offers banking services to more than 20 million customers and will build and launch innovative products running on Vault Core – Thought Machine’s cloud-native core banking platform.
An extensive testing and simulation phase is now in progress, proving Vault Core’s ability to run innovative financial products and scale as the bank grows. Further details of financial products running on Vault Core will be announced at a later date.
Paul Taylor, CEO and founder of Thought Machine, says: "C6 Bank is a digital-banking leader in Brazil and a critically important client for us as we continue our expansion in Latam. This partnership demonstrates the flexibility of Vault Core and the capabilities of its Universal Product Engine in building and running innovative financial products catered to our clients' specific markets."
Thought Machine’s client list includes Lloyds Banking Group, Standard Chartered Bank, Al Rajhi Bank Malaysia, Intesa Sanpaolo, Lunar, and Atom bank, among others around the world. The company has raised more than $500m in funding and has headquarters in London, with regional headquarters in Singapore, New York and Sydney.