UST FinX and Thought Machine Partner to Democratise Access to Enterprise-grade Banking Technology

UST FinX's integration-ready platform delivers access to a rapidly expanding ecosystem of fintech banking capabilities, including Thought Machine's best-in-class digital core. This powerful union unlocks short-term gains in both customer and user experience while possessing the foundational architecture for a longer-term full-scale transformation. This is done via a more iterative, customer-driven, and progressive approach that dramatically reduces both risk and cost.

Many US community institutions now realise that their core systems lack the basic integration capabilities required to meet growing customer demands or connect to modern fintech solutions. This forces them to build complex workarounds and custom code that becomes increasingly difficult and costly to maintain. UST FinX and Thought Machine's partnership breaks this cycle of complexity by offering an integration-ready platform that connects easily to new services without requiring custom development.

This gives institutions a predictable, managed approach to launching new products and improving customer experiences, while UST FinX handles the technical complexity and partner ecosystem, providing clear timelines and certainty of costs and outcomes for modernisation projects.

Gareth Richardson, Chief Operating Officer, Thought Machine, said, "Combining Thought Machine's cloud-native technology with UST FinX's financial services platform and capabilities allows banks of all sizes, especially those in the US mid-tier market, to access our core banking technology without the complexities of technical integrations. We're excited to see how our joint clients prosper using the offering over the coming months."

Sandeep Lalwani, Head of UST FinX, said, "Community banks and credit unions in the US are facing an existential crisis in terms of remaining relevant within an increasingly competitive and digitally driven landscape with customers and staff now expecting much more. The need for transformational change is already upon us and until now, the choices open to such organisations have been fraught with complexity, cost and risk. This strategic partnership with Thought Machine is a game-changer in our industry that will enable these mid-tier financial institutions to remain relevant, innovate, and thrive!"

About Thought Machine

Thought Machine has developed the foundations of modern banking with its cloud-native core banking and payments technology. Its cloud-native core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom bank, Curve, and more. 

Vault Core and Vault Payments have been written from scratch as entirely cloud-native technologies, giving banks full control to run any bank, product, and payment set to flourish in a rapidly changing world. 

Thought Machine is a global team with offices in London, New York, Singapore, and Sydney. It has raised more than $500m in funding.

For more information, visit thoughtmachine.net

About UST FinX

UST FinX delivers the powerful combination of a world leading financial services platform, with its global systems integration and services capabilities built on its unique depth and breadth of banking and fintech domain expertise. Visit us at ustfinx.com 

About UST

Since 1999, UST has worked side by side with the world's best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering, R&D, products, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse expertise, innovation, and agility into our clients' organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com

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