Together teams up with Thought Machine to modernise technology stack

Together has selected core banking technology company Thought Machine to modernise its systems.

The partnership will see the specialist lender use Thought Machine’s cloud native platform, Vault, as the foundation layer for its new technology stack.

Together will migrate its existing accounts and products onto Vault, allowing it to manage its workflows, products and services from one architecture — this aims to improve operational resilience, efficiency and product innovation.

It will also use the platform’s Universal Product Engine to design new mortgage and loan features and deliver them to its customers.

Gerald Grimes, group CEO designate at Together, said: “We aim to help increasing numbers of customers realise their ambitions by making finance work.

“As we continue to shape our business to deliver this aim, we need a highly-scalable and configurable core technology stack that helps us to deliver the right experience for our customers, frees our colleagues to do what they do best and enables us to grow rapidly and sustainably.

“Thought Machine has proven to us that the design of its product will enable us to migrate existing products and configure entirely new ones with speed and agility.”

Paul Taylor, founder and CEO at Thought Machine, added: “At Thought Machine, we are proud to work with leading financial institutions that support end-users with sophisticated and useful products.

“Together has undoubtedly created a competitive niche in the value chain by creating real value for its customers.

“To this end, we are looking forward to working with Together to scale and expand its mortgage and loans service.”

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