Latest news with #ThoughtMachine
Finextra
27-05-2025
- Business
- Finextra
Finca builds new fintech platform powered by Thought Machine's Vault core
FINCA, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch '361 by FINCA', a transformative operating platform to scale financial inclusion, beginning in Africa. 0 To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. '361 by FINCA' is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core's real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals. The technology will also allow FINCA to rapidly scale across African markets and integrate with customer service channels and interaction points. Thought Machine's modern technology and innovative approach position it to be the ideal partner for the platform—Vault Core is completely free from legacy code and designed for efficiency and scale. The '361 by FINCA' platform will seamlessly integrate into and enrich the functional capabilities of the existing business software stack. With Vault Core, FINCA gains the flexibility to launch innovative products tailored to the diverse needs of its customers, including smallholder farmers, families on the margins, and microentrepreneurs. Its real-time data capabilities and modular design mean faster rollouts, greater personalisation, and a more agile response to evolving market needs. 'We're building a new fintech platform that is fast, flexible, and deeply connected to people's lives,' said Herman Spruit, CEO, 361 by FINCA. 'With 361, powered by Thought Machine's technology, we can create innovative, personalised financial products that grow with people's lives—whether saving for school, starting a business, or supporting their families.' Paul Taylor, CEO and founder, Thought Machine, comments: 'This partnership reflects a deep commitment to using cloud-native technology to build world-class financial products that drive economic growth. Supported by modern core technology, banks are empowered to create a future where financial services are accessible to individuals everywhere. We look forward to working with FINCA to build the future of financial services across the continent.' The platform's build will be led by Ikigai Digital, a certified Thought Machine delivery partner known for its deep technical expertise and successful track record implementing Vault Core. Ikigai Digital's team of subject-matter experts has hands-on experience in platform operations, migration, and integration architecture, ensuring high-quality, end-to-end implementation. Andy Farmer, CEO, Ikigai, comments: 'Ikigai has formed a strategic partnership with FINCA to build and run a Microfinance Platform. Together, we are building a new business underpinned with cutting-edge technology that will provide huge flexibility for customers, driven by the shared mission to expand financial access in underserved markets and enhance the lives of millions of people.' The '361 by FINCA' operating platform will also offer white-labelling capabilities, allowing other organisations to leverage Vault Core's engine to deliver customised financial services to their customers. This approach breaks down traditional barriers to access, enabling a broader ecosystem of providers to accelerate financial inclusion across the continent.
Finextra
21-05-2025
- Business
- Finextra
Finca taps Thought Machine for BaaS platform
Finca, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch '361 by FINCA', a transformative operating platform to scale financial inclusion, beginning in Africa. 0 To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. '361 by FINCA' is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core's real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals. The technology will also allow FINCA to rapidly scale across African markets and integrate with customer service channels and interaction points. Thought Machine's modern technology and innovative approach position it to be the ideal partner for the platform—Vault Core is completely free from legacy code and designed for efficiency and scale. The '361 by FINCA' platform will seamlessly integrate into and enrich the functional capabilities of the existing business software stack. With Vault Core, FINCA gains the flexibility to launch innovative products tailored to the diverse needs of its customers, including smallholder farmers, families on the margins, and microentrepreneurs. Its real-time data capabilities and modular design mean faster rollouts, greater personalisation, and a more agile response to evolving market needs. 'We're building a new fintech platform that is fast, flexible, and deeply connected to people's lives,' said Herman Spruit, CEO, 361 by FINCA. 'With 361, powered by Thought Machine's technology, we can create innovative, personalised financial products that grow with people's lives—whether saving for school, starting a business, or supporting their families.' Paul Taylor, CEO and founder, Thought Machine, comments: 'This partnership reflects a deep commitment to using cloud-native technology to build world-class financial products that drive economic growth. Supported by modern core technology, banks are empowered to create a future where financial services are accessible to individuals everywhere. We look forward to working with FINCA to build the future of financial services across the continent.' The platform's build will be led by Ikigai Digital, a certified Thought Machine delivery partner known for its deep technical expertise and successful track record implementing Vault Core. Ikigai Digital's team of subject-matter experts has hands-on experience in platform operations, migration, and integration architecture, ensuring high-quality, end-to-end implementation. Andy Farmer, CEO, Ikigai, comments: "Ikigai has formed a strategic partnership with FINCA to build and run a Microfinance Platform. Together, we are building a new business underpinned with cutting-edge technology that will provide huge flexibility for customers, driven by the shared mission to expand financial access in underserved markets and enhance the lives of millions of people." The '361 by FINCA' operating platform will also offer white-labelling capabilities, allowing other organisations to leverage Vault Core's engine to deliver customised financial services to their customers. This approach breaks down traditional barriers to access, enabling a broader ecosystem of providers to accelerate financial inclusion across the continent.
Yahoo
05-03-2025
- Business
- Yahoo
Synpulse appoints Nick Wilde as Senior Advisor to Strengthen Expertise in Retail & SME Banking offerings
SINGAPORE, March 5, 2025 /PRNewswire/ -- Synpulse, a global professional services provider to major banking and financial institutions, is proud to announce the appointment of Nick Wilde as Senior Advisor. Nick's expertise will help drive Synpulse's continued progress in the ANZ region, particularly as the Synpulse enhances its focus on platform migration projects and the development of innovative propositions for retail banks and non-banks across all tiers. Nick brings with him an impressive career in digital banking, fintech, and operational excellence. His unique ability to shape both business and technology propositions makes him a valuable addition as Synpulse continues its push to create transformative solutions for the banking sector. His leadership and experience in core banking modernisation will be integral to shaping the future of retail banking in the ANZ region. Nick's career highlights include: Managing Director at Thought Machine: Nick was responsible for building Thought Machine's brand and scaling its deployment in Asia Pacific from the company's regional headquarters in Singapore. He was instrumental in the growth of Thought Machine Vault Core, securing over 20 clients across 10 APAC countries and expanding Thought Machine's presence in the region. Managing Director at Fiserv and Carreker: Led the establishment of Fiserv's integrated Asia Pacific business, growing the business profitably to over USD$100m. His leadership in scaling the business played a key role in positioning Fiserv as a leader in banking technology solutions across the region, including building a banking advisory business in ANZ for Carreker. Head of Fraud & ID at Experian: Spearheaded AI-driven fraud prevention solutions in over 37 countries With over 20 years of experience in senior sales and business development roles within the banking software technology enterprises across Asia Pacific, Nick brings a wealth of international expertise in scaling and transforming banking technology. Yves Roesti, Chief Executive Officer, Synpulse Group, said "With over two decades of experience in senior sales and business development roles across the banking software technology sector in Asia Pacific, Nick brings a wealth of international expertise in scaling and transforming banking technology. We are thrilled to welcome him as a Senior Advisor at Synpulse." "Nick Wilde's remarkable leadership and innovative contributions to the financial services sector in the ANZ region make him an exceptional addition to Synpulse," said Rahul Bansal, Partner and Global Head of Retail and SME Banking, Synpulse. "His deep understanding of local markets, combined with his global expertise in neo-banking, will be instrumental in shaping transformative platform solutions that drive growth and operational excellence for both retail banks and non-banks in an increasingly digital and competitive landscape." "I am excited to join Synpulse and bring my passion for innovation and transformation to the ANZ market," said Nick Wilde, Senior Advisor, Synpulse. "This region holds immense potential for financial services growth, and I look forward to working with Synpulse to create meaningful solutions that address the unique challenges and opportunities in this market." Building on Synpulse Australia's recent success in retail banking migrations, Nick will collaborate with Synpulse to shape groundbreaking platform propositions for retail banks and non-banks across all tiers. His wealth of experience in neo-banking and fintech innovation uniquely positions him to deliver transformative strategies for financial institutions seeking to stay ahead in a competitive and evolving market. About Synpulse Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management. With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1000 employees from 21 offices who come from over 30 countries. Further information View original content to download multimedia: SOURCE Synpulse Sign in to access your portfolio
