{"id":12714,"date":"2021-11-01T08:07:07","date_gmt":"2021-11-01T12:07:07","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=12714"},"modified":"2021-11-01T08:07:07","modified_gmt":"2021-11-01T12:07:07","slug":"gft-thought-machine-launches-cloud-based-digital-banking-platform","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=12714","title":{"rendered":"GFT, Thought Machine Launches Cloud-Based Digital Banking Platform"},"content":{"rendered":"<figure class=\"c-post-figure c-post-figure--4-3\">\n<div class=\"c-post-figure__image-container\">\n\t\t\t\t\t\t\t   <a href=\"https:\/\/www.just-auto.com\/research-reports\/gft-thought-machine-launches-cloud-based-digital-banking-platform\/?utm_source=Army%20Technology&amp;utm_medium=website&amp;utm_campaign=Must%20Read&amp;utm_content=Image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" data-src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/11\/shutterstock_764439511.jpg\" alt=\"GFT, Thought Machine Launches Cloud-Based Digital Banking Platform\" class=\"c-post-figure__image lazyload\"\/><\/a>\n\t\t\t\t\t\t\t  <\/div><figcaption class=\"c-post-figure__caption\">Credit: Jamesteohart\/Shutterstock<\/figcaption><\/figure>\n<p><strong>Concept:<\/strong> Germany\u2019s software engineering company GFT and British core banking startup Thought Machine has launched cloud-based virtual banking solution BankLite. The solution can help clients to create and deploy a cloud-based digital bank quickly.\n<\/p>\n<p><strong>Nature of Disruption:<\/strong> BankLite is a fully modular system designed around Thought Machine\u2019s cloud-native core banking engine, Vault, and uses AWS\u2019s native cloud services, hosted on the AWS infrastructure. The platform\u2019s pre-defined operating model includes cloud-native Vault core, digital channels, and third-party integrations on the same cloud infrastructure. It allows banks to get a lite bank up and running within twelve weeks, enabling users quick deployment of different brands across multiple geographies meeting country-specific markets and regulations. The platform integrates GFT\u2019s cloud-native asset, Digital Bank Launcher (DBL) to help core banking providers to expand their solution capabilities.\n<\/p>\n<p><strong>Outlook:<\/strong> Financial institutions and startups are facing issues with the limitations of legacy technology that calls for the new modern core banking technology that reduces complex technology environments with better operational efficiency. BankLite serves this increasing demand for industry\u2019s growing need for change by helping more financial institutions to rapidly achieve their digital transformation goals. It offers financial firms globally the capability to build a new virtual bank from scratch or extend an existing legacy core banking system faster, efficiently, and cost-effectively.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<!--\n\n<aside class=\"c-in-post-figure\">\n                      \n\n<div class=\"c-post-content\">\n                        \n\n<h3 class=\"c-post-content__title\"><a href=\"#\">Contextual graph title<\/a><\/h3>\n\n\n\n                        \n\n<p class=\"c-post-content__excerpt\">Contextual graph support copy - Nunc nec erat in sagittis parturient ut ante a a tincidunt nulla ipsum a a interdum consectetur.<\/p>\n\n\n                      <\/div>\n\n\n\n                      \n\n<figure class=\"c-in-post-figure__figure\">\n                        <img decoding=\"async\" src=\"https:\/\/via.placeholder.com\/1600x900\/dbdbdb\/ffffff?text=GRAPH\" alt=\"\" \/>\n                      <\/figure>\n\n\n                    <\/aside>\n\n -->\t\t <\/p>\n<p><strong>This article was\u00a0originally published in<\/strong>\u00a0<a href=\"https:\/\/www.verdict.co.uk\/gft-thought-machine-launches-cloud-based-digital-banking-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Verdict.co.uk<\/em><\/a><\/p>\n<aside class=\"c-in-post-companies preview-old\">\n<h4 class=\"c-in-post-companies__title\">Related Companies<\/h4>\n<div class=\"company-hover-data\" id=\"company97880\" data-url=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-consumer\/\">\n<article class=\"c-in-post-companies__company\" readability=\"22.867469879518\">\n<div class=\"c-post-content\" readability=\"28.144578313253\">\n\t\t\t\t\t<a href=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-consumer\/\"><\/p>\n<h3 class=\"c-post-content__title\">\n                        GlobalData<\/h3>\n<p><\/a><\/p>\n<p class=\"c-post-content__excerpt\">\n                GlobalData can provide actionable insights to drive your company forward            <\/p>\n<\/p><\/div>\n<figure class=\"c-in-post-companies__logo\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/06\/GD_purple-300x59-1.png\"\/>                     <\/p>\n<\/figure>\n<\/article><\/div>\n<div class=\"company-hover-data\" id=\"company102147\" data-url=\"https:\/\/www.just-auto.com\/contractors\/events-and-publications\/globaldata-pharma-4\/\">\n<article class=\"c-in-post-companies__company\" readability=\"24.610619469027\">\n<div class=\"c-post-content\" readability=\"30.991150442478\">\n\t\t\t\t\t<a href=\"https:\/\/www.just-auto.com\/contractors\/events-and-publications\/globaldata-pharma-4\/\"><\/p>\n<h3 class=\"c-post-content__title\">\n                        GlobalData<\/h3>\n<p><\/a><\/p>\n<p class=\"c-post-content__excerpt\">\n                GlobalData exists to help businesses decode the future to profit from faster, more informed decisions.             <\/p>\n<\/p><\/div>\n<figure class=\"c-in-post-companies__logo\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/07\/GD_purple-1024x203.png\"\/>                     <\/p>\n<\/figure>\n<\/article><\/div>\n<\/aside>\n","protected":false},"excerpt":{"rendered":"<p>Credit: Jamesteohart\/Shutterstock Concept: Germany\u2019s software engineering company GFT and British core banking startup Thought Machine has launched cloud-based virtual banking solution BankLite. The solution can help clients to create and deploy a cloud-based digital bank quickly. Nature of Disruption: BankLite is a fully modular system designed around Thought Machine\u2019s cloud-native core banking engine, Vault, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-12714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/12714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12714"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/12714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12714"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}