Thought Machine, a British API-based banking infrastructure platform, has partnered with Hong Kong-based Quantifeed, a digital wealth management platform, to offer an integrated solution for private banks across the globe.

Through this partnership, Thought Machine plans to integrate Quantifeed's QEngine platform with Thought Machine's core banking platform, Vault Core, providing integrated infrastructure solutions for private banks. The integrated offering connects front, middle, and back office functions, allowing the development of new investment products and distribution channels while transitioning from legacy technology.

Thought Machine currently provides its Vault Core platform to Tier-1 banks and FinTechs such as Lloyds Banking Group, Standard Chartered, and Intesa Sanpaolo.

Analyst QuickTake: Today’s partnership follows months after Thought Machine  partnered with Form3 in October 2023 to leverage Form3’s payment network and certifications. These include FedNow Service, The Clearing House’s RTP, and SEPA Instant Credit Transfer integrating with its Vault Payments offering to provide users direct payment connections to various networks with improved processing speeds.