Noida: HCLTech has entered into a worldwide strategic partnership with Thought Machine to accelerate the digital transformation of banks across markets. This collaboration will empower financial institutions to replace legacy infrastructure with intelligent, autonomous ecosystems built on AI and cloud technologies.
The transformation journey will be powered by Thought Machine’s Vault platform, an advanced core banking and payments system. By leveraging Vault’s cloud-native architecture, banks can automate operations, enhance efficiency, and deliver highly personalized customer experiences.
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HCLTech will complement this with its expertise in banking technology, regulatory compliance, and large-scale integration, enabling financial institutions to adopt future-ready digital-first models while driving innovation and faster product launches.
Thought Machine’s Vault Platform at the Core of Transformation
As part of the partnership, HCLTech will offer full-stack transformation services through Vault-certified delivery teams and fintech-focused Centers of Excellence (CoEs). The company will also establish a dedicated global CoE for Vault Core and Vault Payments, ensuring modular, scalable, and real-time solutions for the financial services sector.
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Randy McFarlane, Global Head of Partnerships at Thought Machine, said: “Our global partnership with HCLTech marks a milestone in helping banks break free from legacy constraints and move toward digital-first operating models. Together, we will deliver intelligent, self-optimizing systems that evolve with customer needs.”
Sudip Lahiri, Executive Vice President and Head—Europe and UKI, Financial Services at HCLTech, added: “This collaboration underscores our vision to lead the future of autonomous banking through AI, data, and cloud technologies. Partnering with Thought Machine enables us to unlock exponential value for banks while reducing operational friction and accelerating time-to-market.”
