Audax and Thought Machine announce strategic partnership to create customised end-to-end digital banking solutions.
In brief:
- Digital banking is projected to reach a USD13 trillion opportunity for banks by 2032 and with the launch of this partnership, audax and Thought Machine are positioned as key players in this expanding market.
- Their partnership combines audax’s scalable digital banking platform that enables seamless API-based integration with partners and banks, with Thought Machine’s highly configurable cloud-native core banking platform.
- The partnership, combined with ready components and extensive customer journeys, facilitates seamless plug-and-play experiences and eliminates the complexities of development and legacy system integration for swift market entry.
What does this mean?
Randy McFarlane, global head of partnerships, Thought Machine, added, “Our collaboration with audax reduces the challenges of building a modern technology stack, providing a seamless, efficient, and scalable digital banking experience. By integrating both innovative technologies we are empowering banks and financial institutions to navigate the complexities of modern banking with confidence.”
