HCLTech, a global technology company, has formed a global partnership with Thought Machine, a specialist in cloud-native banking technology, to expedite the modernization of financial institutions worldwide. The collaboration aims to enable banks to move from legacy systems to intelligent, autonomous financial operations leveraging AI and cloud solutions.
At the core of this transformation is Thought Machine’s Vault platform, which provides next-generation core banking and payments technology. By adopting Vault’s cloud-native architecture, banks can automate critical processes, enhance operational efficiency, and offer personalized customer experiences. HCLTech contributes its expertise in banking technology, regulatory compliance, and complex system integrations to support innovation and accelerate product launches.
The partnership includes HCLTech offering comprehensive transformation services. These services will be delivered through Vault-certified teams, specialized global fintech Centers of Excellence (CoEs), and a robust DevSecOps framework. HCLTech will also establish a dedicated global CoE for Vault Core and Vault Payments, focusing on delivering modular, real-time, and scalable solutions for the financial services sector. This joint offering is designed to help both established banks and new challenger institutions develop agile, resilient, and future-ready ecosystems based on AI-led strategies.
Randy McFarlane, Global Head of Partnerships at Thought Machine, stated that the partnership with HCLTech represents a significant step toward assisting banks in moving away from legacy constraints to embrace digital-first models. He added that, collectively, the companies will provide intelligent, self-optimizing systems that adapt to evolving customer needs.
Sudip Lahiri, Executive Vice President and Head of Financial Services for Europe and UKI at HCLTech, commented that this collaboration aligns with the company’s vision to lead the future of autonomous banking through cloud, data, and AI. He further noted that the partnership with Thought Machine will help banks unlock substantial value, reduce operational friction, and decrease time to market.
