Thought Machine and Quantifeed partner to modernize banking

By Gloria Methri

Thought Machine, a cloud-native banking technology company and Quantifeed, a provider of digital wealth management solutions, have teamed up to use their joint capabilities to service the private banking sector worldwide.

Thought Machine is known for delivering modern, cloud-native core and payment technology to retail and commercial banks worldwide. Its core banking platform, Vault Core, is live and in production with Tier 1 banks, digital challengers, and FinTechs, including Lloyds Banking Group, Standard Chartered, Intesa Sanpaolo, and more.

Headquartered in Hong Kong with a global presence in Singapore, Tokyo, London, Sydney, and Hyderabad, Quantifeed is a digital wealth management solutions provider for financial institutions. It enables banks to provide customer-centric and modular investment services. By combining software engineering and quantitative finance expertise, Quantifeed has delivered its digital wealth solutions to clients worldwide, including DBS, HSBC, MUFG Bank in Asia, BBVA, Fidelity, and Julius Bär in Europe.

Quantifeed’s QEngine platform and Thought Machine’s Vault Core offer a comprehensive solution for private banks. The integrated system connects front, middle, and back offices, allowing banks to navigate and migrate from monolithic, legacy technology and develop new investment products and distribution channels. The two companies are currently engaged with several clients, including one of Hong Kong’s fastest-growing digital banks.

Financial institutions, advisors, and portfolio managers will be able to streamline advice generation and trade execution, boosting overall productivity. As a result, customers can enjoy a seamless and engaging experience while achieving their investment goals.