Sunday, June 8, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

GFT and Thought Machine Partner to Drive Digital Transformation in U.S. Banking

September 29, 2023
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Traditional financial institutions have arrived at a critical crossroads in the course of their digital transformation. They have built up a level of consumer trust that is on par with that of their digital-first rivals. As of the 28th of September in the year 2023, GFT, a global digital transformation company, and Thought Machine, a cloud-native banking technology firm, have joined forces to enable incumbent U.S. banks to flourish in the digital era. This partnership builds upon their multi-year collaboration, the focus of which has been on ushering in new digital infrastructures while steering traditional banks away from legacy technology and toward embracing truly cloud-native systems.

Traditional banks have been overtaken by their digital competitors throughout history; however, traditional banks are now introducing new financial experiences that their digital competitors are unable to duplicate. The race is on for banks to bring these experiences to market as quickly as possible, as those banks that modernize their legacy infrastructures before their competitors gain a decisive edge in the market.

GFT is proud to boast highly skilled delivery teams across the Americas. The company has partnered with global banks on their digital journeys for over 35 years and has extensive experience doing so. When combined with the cloud-native core banking technology offered by Thought Machine, they provide a novel and cost-efficient solution for the delivery of digital banking and payment solutions to financial institutions in the United States.

The collaboration between GFT and Thought Machine was instrumental in the development of Mox, the award-winning cloud-native, mobile-only digital banking arm of Standard Chartered in Hong Kong. Mox is powered by AWS and Vault Core, and it currently has over 400,000 customers.

In conclusion, GFT and Thought Machine are bringing financial institutions in the United States into the digital age, thereby paving the way for these institutions to abandon their reliance on legacy systems in favor of solutions that are agile and native to the cloud. Traditional banking institutions are seizing the opportunity to lead the way in the evolving financial landscape by introducing novel financial services and thereby positioning themselves at the forefront of the field.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

Image source: Shutterstock



Source link

Tags: BankingbitcoinBlockchainDigitalDriveGFTMachineNewspartnerThoughtTransformationU.S
Previous Post

Real-time transaction data analysis with IBM Event Automation

Next Post

Your Comprehensive Guide to Using IG Stories

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Your Comprehensive Guide to Using IG Stories

Your Comprehensive Guide to Using IG Stories

Schengen Visa: How to Apply for a Visa to a Schengen Country For International Students

Schengen Visa: How to Apply for a Visa to a Schengen Country For International Students

The Top 7 Tools for Digital Marketing

The Top 7 Tools for Digital Marketing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
Graph neural networks in TensorFlow – Google Research Blog

Graph neural networks in TensorFlow – Google Research Blog

February 6, 2024
13 Best Books, Courses and Communities for Learning React — SitePoint

13 Best Books, Courses and Communities for Learning React — SitePoint

February 4, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In