Singapore’s Trust Bank Powered by Thought Machine’s Core Platform

Digital Only Bank in Singapore trust bank, backed by Standard chartered When fair price groupplummeted to Thought Machine’s cloud-native core platform.

Trust quickly scaled after its September launch with Vault Core, Thought Machine’s core banking platform. The bank had 100,000 customers in his first 10 days and the community grew to over 300,000 customers in his first 2 months.

of Configurable platform We support not only large banks doing core transformation, but also smaller banks and fintechs launching new offerings.

Nick Wilde, MD, Asia Pacific, Thought Machine, said: The Trust already offers an attractive proposition to the market and we are excited to work with their team to further expand and grow their offering.

Powered by Thought Machine technology, Trust clearly has the necessary vision and ambition to create a digital bank that will significantly enhance Singapore’s banking industry and capture a huge market share.

The Trust currently offers consumers credit cards, savings accounts, and family personal accident insurance. Vault Core’s flexibility allows Trust to rapidly build additional products and capabilities while leveraging real-time data and analytics.

Rajai Rai Trust Bank Chief Information Officer (CIO) said: Vault Core is the underlying platform for building and growing the first wave of new digital banks in Singapore. We look forward to building on the success of both companies to deliver even greater levels of customer experience and innovation.

Think Machine’s customer list also includes: Lloyds Banking Group, Standard Chartered Bank, Al Raj Bank Malaysia, HD Bank, Intesa Sanpaolo, Lunar, When atom bank, especially around the world.