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DXC and Thought Machine Launch Joint Solution to Accelerate Banking Modernization
DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, and Thought Machine, a leading provider of cloud-native banking technology, today announced a joint solution to accelerate digital transformation for small and midsize banks. The collaboration combines DXC's deep industry expertise and full-service management with Thought Machine's next-generation core banking technology platform, Vault Core, and payments processing platform, Vault Payments, to streamline mode
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[{"type":"text","content":"ASHBURN, Va., June 24, 2025 /CNW/ - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, and Thought Machine, a leading provider of cloud-native banking technology, today announced a joint solution to accelerate digital transformation for small and midsize banks. The collaboration combines DXC's deep industry expertise and full-service management with Thought Machine's next-generation core banking technology platform, Vault Core, and payments processing platform, Vault Payments, to streamline modernization for financial institutions.","length":581,"tagName":"p"},{"type":"image","alt":"DXC x Thought Machine (CNW Group/DXC Technology Company)","displaySize":"","headline":null,"caption":"DXC x Thought Machine (CNW Group/DXC Technology Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/cnwgroup.com/a1625a3ba380b8d3ce6753d64c9f54b3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mf2dUAkS7viWV9sYX_kdVQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/a1625a3ba380b8d3ce6753d64c9f54b3","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2716842/DXC_Technology_Company_DXC_and%C2%A0Thought_Machine_Launch_Joint_Solu.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As small to midsize banks and financial institutions strive to keep pace with larger, global banks building proprietary platforms in-house, they often face complex vendor landscapes and deeply entrenched legacy systems. This joint solution delivers a one-stop managed service, bringing together the right technology, tools, and people to modernize end-to-end banking operations. By offering a simplified path to transformation, DXC and Thought Machine help banks modernize legacy core systems, accelerate time to market for new digital products, and ensure operational efficiency, resilience, and compliance.","length":608,"tagName":"p"},{"type":"text","content":""This collaboration underscores our dedication to leveraging next-generation technology to enable banks to modernise faster and deliver exceptional financial products," said Randy McFarlane, global head of partnerships at Thought Machine. "With modern core systems, banks are empowered to develop more innovativ...