Fintech unicorn Thought Machine & Synpulse offer banks cloud-based core banking solutions

Synpulse Launches STORM Operating Model and Strategy to Accelerate Banks’ Time-to-Market with Thought Machine’s Vault at the Core

STORM, or the Synpulse x Thought Machine Operating Requirements Model, combines Synpulse’s in-depth expertise in target operating models and strategies for banks together with the powerful core-banking capabilities of Thought Machine’s Vault platform. In unison, this model supports banking clients in their digital transformation journey.

Global management consultancy Synpulse and cloud native core banking firm Thought Machine announce a partnership with the launch of the Synpulse x Thought Machine Operating Requirements Model (STORM).

Synpulse and Thought Machine are working together to help banks worldwide build their transformation journey and strategies, from ideation to implementation.

Changing market demands, revenue pressures, tighter regulations and increasing competition from digital entrants mean that digital transformation and developing a frictionless bank is now essential to remain competitive.

Yves Roesti, Managing Partner and CEO of Synpulse Group says: “While building digital native banks together with Thought Machine, we realised that there is great value in retaining best practices. Through the STORM reference model and its processes, time-to-market can be accelerated significantly as we start with an existing business and technical architecture, which the project team can scope against. This will increase transparency, planning and result in less risk and a more trusted partnership with our clients.”

Synpulse will play a key role in partnering with clients and Thought Machine to design, implement and deliver Vault with a process efficiency par excellence. By placing the clients at the centre of the transformation journey, Synpulse can help financial services institutions solve their challenges and evolve their business by leveraging the latest technology and innovation offered by Thought Machine.

“Nick Wilde, Managing Director Asia Pacific of Thought Machine says: “Synpulse and Thought Machine are collaborating regularly in the Asia Pacific region. Together, we ensure we deeply understand our customers’ requirements and systematically use our combined capabilities to best serve our mutual customers. Yves has a growing team in the region that is forward looking, sees the changes in the industry, and responds with innovative solutions. We look forward to seeing this partnership go from strength to strength.”