DXC Technology and Thought Machine Collaborate to Enhance Digital Transformation for Small and Midsize Banks

DXC Technology, a global technology services provider, has teamed up with Thought Machine to introduce a joint solution that streamlines digital transformation for small and midsize banks.

This partnership brings together DXC’s extensive industry expertise and management services with Thought Machine’s banking platform, Vault Core, and payment processing platform, Vault Payments. Together, these technologies aim to modernize the operations of financial institutions more efficiently.

Small and midsize banks often struggle to match the capabilities of larger institutions that develop proprietary platforms internally due to complex vendor environments and legacy systems. The newly developed solution offers a comprehensive managed service encompassing technology, tools, and personnel to optimize end-to-end banking operations.

DXC and Thought Machine assist financial institutions in modernizing their core systems, speeding up the launch of new digital products, and enhancing operational efficiency. Banks can create new products like savings accounts, mortgages, or loans more quickly—within hours rather than weeks or months. This collaboration also ensures that no code changes are required, allowing for faster deployment of future digital products and features.

Supporting Financial Inclusion in Africa

FINCA, an inclusive finance provider, partnered with Thought Machine in May 2025 to launch a new platform aimed at scaling financial inclusion, beginning in Africa. The platform, named 361 by FINCA, was built using Vault Core and designed for flexibility and efficiency among FSPs operating in emerging markets.

Through Vault Core’s real-time architecture and API-first design, FINCA provided customized financial products that helped low-income customers invest in opportunities, build financial resilience, and access simplified automated loan assessments and renewals. This innovative approach ensured a better banking experience for underbanked populations while streamlining operations.