Thought Machine, the cloud-native banking technology company, today announces it has partnered with Form3, the cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments.

In brief:

-Vault Payments integration with Form3’s account-to-account multi-cloud platform facilitates seamless real-time payment processing in the US and Europe

-Thought Machine is responding to the growing momentum in the US real-time payments landscape by establishing connectivity to FedNow

-This partnership brings together two next-generation payment solutions, offering banks and financial institutions an end-to-end solution for seamless real-time payment processing.

What does this mean?

Paul Taylor, founder and CEO of Thought Machine, commented: "We are delighted to partner with Form3, marking a significant step towards realising our vision of a truly Universal Payment Engine. As real-time payments become the new standard, our combined expertise ensures financial institutions are equipped with cutting-edge, cloud-native technologies. Together, we are shaping the future of payments."