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The new financial stack: How Thought Machine and GFT built Trust Bank’s digital banking engine on AWS and how customers benefit
- Cloud-first financial institutions are adapting to the preferences of the digital generation, resulting in a shift towards mobile banking platforms.
- The banking industry is undergoing a transformation with the adoption of cloud computing, leading to the delivery of enhanced products and services to customers.
- Trust Bank, Singapore’s first digital-native bank, has seen rapid growth by leveraging Thought Machine's Vault Core platform on AWS.
- Trust Bank's digital-only platform offers flexibility in designing and deploying financial products quickly, resulting in high customer engagement rates.
- GFT and Thought Machine are collaborating to accelerate digitization initiatives for U.S. banks, introducing BankLiteX with AWS support for quick bank startups.
- Trust Bank's customer-centric approach focuses on providing seamless digital onboarding and fast delivery of services, setting a new standard in digital banking.
- The adoption of cloud-native technology in banking has enabled personalized customer experiences and faster development cycles for innovative products.
- The use of Thought Machine's Vault Core and AWS infrastructure has empowered Trust Bank to deliver new features rapidly and outperform traditional banks.
- Cloud computing is a key enabler in the digital banking landscape, driving efficiency, agility, and customer satisfaction for leading banks.
- The digital banking space offers a first-mover advantage, with technology playing a crucial role in reshaping the competitive landscape and enhancing customer experiences.
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