C6 Bank in Brazil has selected UK-based Thought Machine to power its core banking tech stack.
C6 Bank is a full-stack bank for both businesses and individuals, serving more than 20 million customers. C6 Bank will leverage Thought Machine’s “Vault Core” to create and launch innovative new products.
Thought Machine shares that extensive testing and simulation are taking place right now. Further details of financial products running on Vault Core will be announced at a later date.
Paul Taylor, CEO and founder of Thought Machine, said that C6 Bank is a digital banking leader in Brazil and a critical customer for their company as they expand into Latin America.
“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 customer list includes well-known names like Standard Chartered, Lloyds Banking Group, Atom Bank and more. The Fintech has raised more than $500 million in funding and has headquarters in London, with regional headquarters in Singapore, New York, and Sydney.