Brazil’s C6 Bank taps Thought Machine for core banking technology
Brazilian bank for individuals and businesses, C6 Bank, has partnered up with Thought Machine to utilise its core banking technology.
C6 Bank taps Thought Machine for core banking tech
Founded in 2018 and based in São Paulo, C6 Bank claims to cater to over 20 million customers in just over two years of operations, offering more than 60 financial products and services, ranging from current accounts and an investment platform to dollar and euro accounts.
Using Vault Core, Thought Machine’s cloud-native core banking platform, C6 Bank intends to build and launch “innovative” products, details of which will be announced at a later date, the bank says.
“C6 Bank is a digital-banking leader in Brazil and a critically important client for us as we continue our expansion in Latam,” says Paul Taylor, CEO and founder of Thought Machine.
“This partnership demonstrates the flexibility of Vault Core and the capabilities of its Universal Product Engine in building and running innovative financial products catered to our clients’ specific markets.”
The partnership is currently in an “extensive” testing and simulation phase, the firms say.
Headquartered in London, with offices in Singapore, New York and Sydney, Thought Machine boasts of a client list that includes Lloyds Banking Group, Standard Chartered Bank, Al Rajhi Bank Malaysia, Trust Bank, Intesa Sanpaolo, Lunar, and Atom bank, among others around the world.
