The digital bank will migrate existing customers over to Thought Machine’s cloud-based platform, Vault.
In Brief:
- The collaboration will help Monese build products quickly and improve customer experience.
- Monese currently operates in 31 European countries.
- Thought Machine already works with Lloyds Banking Group, Atom Bank, Nordic bank SEB and Standard Chartered.
What does this mean?
With FinTech evolving so quickly financial institutions are finding that legacy tech systems can hamper their growth. Hence, increasingly, shifting to the cloud can deliver the agility and a path to rapid expansion.
