Zigi and Thought Machine Collaborate for Digital Innovation
Zigi, Banco Industrial’s digital innovation division, has made a strategic move in the financial technology landscape by adopting Thought Machine’s core banking platform, Vault Core. This collaboration is a significant milestone for both Zigi and Thought Machine and is expected to pave the way for further expansion of Zigi’s digital offerings.
Zigi’s Transformation to a Whitelabel Lending Platform
Zigi has been working hard to transform their offerings into a whitelabel lending platform that can serve multiple partners and ecosystems under various brands. Their effort has paid off, with their platform now processing more than 50,000 credit disbursements each month. The scalability and reliability demonstrated by Zigi’s platform highlight the robust capabilities of Vault Core, Thought Machine’s innovative core banking platform.
Strategic Alliances and Shared Beliefs
The collaboration between Zigi and Thought Machine extends beyond technology, representing a shared belief in building financial systems that are flexible, inclusive, and continuously evolving. Michel Caputi, the head of Banco Industrial’s strategic alliances and CEO of Zigi, has expressed his belief in challenging the limits of traditional banking and creating new digital businesses.
Vault Core: The Technological Backbone of Zigi’s Operations
Vault Core, developed by Thought Machine, forms the technological backbone of Zigi’s operations. Its cloud-native and modular structure enables Zigi’s engineering team to rapidly prototype and deploy new solutions, including lending and digital payments. The infrastructure uses smart contracts to support quick product development while ensuring regulatory compliance and operational reliability.
Zigi as the Centre of Banco Industrial’s Digital Business
Zigi serves as the centre of Banco Industrial’s digital business, designing, testing, and scaling new financial products that support sustainable growth. By utilizing Vault Core, the Zigi team can rapidly develop, test, and scale products within weeks, while ensuring full compliance and operational integrity. The ongoing collaboration with Thought Machine is expected to support further expansion of Zigi’s digital offerings.
In addition to their collaboration with Zigi, Thought Machine has also teamed up with DXC Technology in June this year to launch a joint solution aimed at accelerating banking modernization for small and midsize banks. This alliance brought together DXC’s IT services expertise with Thought Machine’s Vault Core and Vault Payments platforms.
With these strategic moves, Zigi and Thought Machine continue to push the boundaries of digital banking innovation, offering promising prospects for the future of financial technology.
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