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Cloud-native core banking engine with smart contract-based product creation, real-time processing, full API connectivity, event-driven architecture, flexible workflow engine, and advanced security features designed for retail banking operations.
Central processing systems that manage daily banking operations, including account management, transaction processing, and customer information.
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Account Management Ability to create, modify, and close different types of customer accounts (checking, savings, term deposits) |
Vault Core explicitly supports creating and managing various customer account types, including checking, savings, and term deposits, as part of its core functionality for retail banking. | |
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Transaction Processing Processing of deposits, withdrawals, transfers, and other financial transactions with proper logging |
The product offers real-time transaction processing with comprehensive transaction logging, which is highlighted as one of its core capabilities. | |
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Transactions Per Second Maximum number of financial transactions the system can process per second |
No information available | |
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Interest Calculation Automated calculation and application of interest for deposit and loan accounts |
Vault Core features automated interest calculation and application, leveraging its smart contract-based architecture to define and execute interest rules. | |
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Batch Processing Ability to handle end-of-day/month batch processes for account updates and reconciliation |
The system supports batch processing for end-of-day reconciliation while also offering real-time capabilities. | |
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Multi-Currency Support Support for accounts and transactions in multiple currencies |
As a modern core banking platform, Vault Core includes multi-currency support for global banking operations. | |
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Fee Management Configuration and automated application of various banking fees and charges |
Fee management is implemented through the smart contract-based product creation, allowing banks to configure and automate various banking fees. | |
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Standing Instructions Setup and management of recurring payments and automated transfers |
The flexible workflow engine enables setup and management of standing instructions and recurring payments. | |
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Account Statements Generation of periodic account statements with transaction history |
Vault Core supports generation of account statements with transaction history as part of its core retail banking functionality. | |
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Overdraft Facilities Management of overdraft limits, fees, and authorization |
The product includes overdraft facilities management through its smart contract-based product definition capabilities. | |
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Dormant Account Handling Automated identification and management of inactive accounts |
Vault Core can automatically identify and manage dormant accounts as part of its account management features. | |
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Product Configuration Flexibility to define and modify banking products and associated rules |
Product configuration is a key strength through its smart contract-based architecture, allowing banks to define and modify banking products with significant flexibility. |
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Customer Information Management Comprehensive customer profile management including demographics, contact details, and preferences |
Comprehensive customer profile management is included as part of the core banking functionality. | |
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KYC Documentation Storage and verification of Know Your Customer documents and identification |
KYC document storage and verification capabilities are integrated as part of Vault Core's customer management functionality. | |
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Customer Due Diligence Risk assessment and enhanced due diligence for high-risk customers |
The system supports customer due diligence processes and risk assessment for high-risk customers. | |
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Customer Onboarding End-to-end workflow for customer acquisition and account opening |
End-to-end customer onboarding workflow is implemented through the flexible workflow engine that's part of Vault Core. | |
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Customer Segmentation Ability to categorize customers based on various attributes for targeted services |
Customer segmentation capabilities are available through the product's flexible data model and analytics features. | |
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Customer Service History Tracking of customer interactions, complaints, and resolutions |
Tracking of customer interactions and service history is supported through the platform's event-driven architecture. | |
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Relationship Pricing Application of special rates or fee waivers based on customer relationships |
Relationship pricing is supported through the smart contract-based product definition that allows for special rates based on customer relationships. | |
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Household/Group Management Linking and managing customers that belong to the same household or business group |
The system enables linking and managing customers that belong to the same household or business group. | |
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Customer Profitability Analysis Calculation and reporting of customer-level profitability metrics |
Customer profitability analysis is available through the reporting and analytics capabilities of the platform. | |
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Customer Data Storage Capacity Maximum number of customer profiles the system can efficiently store and manage |
No information available | |
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360-Degree Customer View Consolidated view of all customer relationships, products, and interactions |
The platform provides a 360-degree customer view by consolidating all customer relationships, products, and interactions. |
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Loan Origination End-to-end process for loan application, approval, and disbursement |
Vault Core includes complete loan origination processes as part of its retail banking capabilities. | |
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Credit Scoring Automated assessment of creditworthiness based on predefined criteria |
Credit scoring functionality is integrated within the loan processing capabilities. | |
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Credit Limit Management Setting and monitoring credit limits for various lending products |
The system enables setting and monitoring credit limits for various lending products through its smart contract framework. | |
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Loan Servicing Management of loan repayments, amortization schedules, and restructuring |
Loan servicing including management of repayments and amortization schedules is supported. | |
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Collateral Management Recording and valuation of collateral against secured loans |
Collateral management features for secured loans are available in the platform. | |
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Delinquency Management Tracking and handling of overdue payments and collections |
Delinquency management, including tracking of overdue payments and collections, is integrated. | |
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Loan Loss Provisioning Calculation and management of provisions for potential loan losses |
The system provides loan loss provisioning calculations and management. | |
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Flexible Interest Rates Support for various interest rate types (fixed, variable, tiered) and calculation methods |
Flexible interest rates, including various types and calculation methods, are supported through the smart contract architecture. | |
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Early Repayment Handling Processing of partial or full early loan repayments with appropriate fee calculations |
The system handles early loan repayments with appropriate fee calculations. | |
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Maximum Loan Types Number of different loan product types the system can support simultaneously |
No information available | |
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Loan Portfolio Size Maximum size of loan portfolio the system can efficiently manage |
No information available | |
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Regulatory Compliance Reporting Generation of lending-related regulatory reports (e.g., HMDA in the US) |
Regulatory compliance reporting for lending is supported by the platform's reporting capabilities. |
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API Banking Comprehensive set of APIs for integration with first and third-party applications |
Vault Core offers comprehensive API banking with full API connectivity for integration with first and third-party applications. | |
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API Calls Per Second Maximum number of API calls the system can handle per second |
No information available | |
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Mobile Banking Integration Ready connectors or interfaces for mobile banking applications |
The product provides ready connectors for mobile banking applications through its API framework. | |
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Internet Banking Integration Support for online banking platforms with real-time account information |
Support for internet banking platforms with real-time account information is available via the API integration. | |
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ATM Network Integration Interfaces for ATM networks with transaction processing capabilities |
ATM network integration is supported through the platform's API framework. | |
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Branch Automation Integration with branch systems for teller operations and customer service |
Branch automation integration is available for teller operations and customer service. | |
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Contact Center Integration Interfaces for customer service representatives to access and manage customer accounts |
Contact center integration interfaces are supported for customer service representatives. | |
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POS/Merchant Integration Support for point-of-sale transactions and merchant management |
The system supports POS/merchant integration through its API framework. | |
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Open Banking Compliance Alignment with open banking standards and regulations for third-party access |
Vault Core aligns with open banking standards for third-party access through its API-first approach. | |
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Channel Consistency Consistent customer experience and data across all channels |
The platform ensures consistent customer experience and data across all channels through its unified architecture. | |
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Digital Onboarding Fully digital customer acquisition process integrated with core banking |
Digital onboarding is fully supported and integrated with the core banking functions. | |
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SDK Availability Software development kits for custom integration development |
Software development kits for custom integration are available to facilitate development. |
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Real-time Payments Support for instant payment schemes (e.g., RTP, FedNow, UK Faster Payments) |
The system supports real-time payment schemes as part of its real-time processing capabilities. | |
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SWIFT Connectivity Integration with SWIFT network for international payments |
SWIFT connectivity for international payments is supported through the platform's payment capabilities. | |
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ACH Processing Automated Clearing House batch payment processing |
ACH batch payment processing is included in the payment processing features. | |
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Wire Transfer Management Processing and monitoring of high-value wire transfers |
Wire transfer management is supported for high-value transfers. | |
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Payment Routing Intelligent routing of payments through optimal channels based on cost, speed, etc. |
Intelligent payment routing is available through the platform's payment processing capabilities. | |
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Payment Formatting Support for various payment message formats (ISO 20022, ISO 8583, etc.) |
The system supports various payment message formats through its modern architecture. | |
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Payment Screening Sanctions and AML screening for outgoing and incoming payments |
Payment screening for sanctions and AML is included in the advanced security features. | |
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Payment Reconciliation Automated matching and reconciliation of payment transactions |
Automated payment reconciliation is supported through the platform's reconciliation features. | |
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Payment Gateway Integration Connections to third-party payment gateways and processors |
Integration with third-party payment gateways is supported through the API framework. | |
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Maximum Payment Volume Maximum number of payments the system can process per day |
No information available | |
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Payment Tracking End-to-end visibility of payment status throughout the transaction lifecycle |
End-to-end payment tracking is enabled through the system's event-driven architecture. | |
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Bulk Payment Processing Ability to process large volumes of payments in bulk with proper controls |
Bulk payment processing is supported with proper controls and validations. |
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Data Encryption Encryption of data at rest and in transit using industry standards |
Data encryption for data at rest and in transit is part of the advanced security features. | |
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Role-based Access Control Granular access permissions based on user roles and responsibilities |
Role-based access control is implemented for granular access permissions. | |
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Maker-Checker Controls Dual control mechanism requiring separate users for transaction creation and approval |
Maker-checker controls are included to enforce transaction verification protocols. | |
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Audit Logging Comprehensive logging of all system activities for audit purposes |
Comprehensive audit logging is part of the platform's security and compliance features. | |
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Fraud Detection Real-time monitoring and alerting for suspicious transactions |
Real-time fraud detection is implemented as part of the advanced security features. | |
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AML Compliance Anti-Money Laundering monitoring and reporting capabilities |
AML compliance monitoring and reporting is included in the platform's compliance capabilities. | |
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KYC/CDD Support Tools for Know Your Customer and Customer Due Diligence processes |
KYC/CDD support tools are integrated into the customer management features. | |
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Regulatory Reporting Generation of mandatory reports for regulatory authorities |
Regulatory reporting generation is supported for various compliance requirements. | |
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PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards |
PCI DSS compliance is ensured through the platform's security framework. | |
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Multi-factor Authentication Support for various authentication methods beyond username/password |
Multi-factor authentication is supported as part of the advanced security features. | |
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Log Retention Period Maximum duration for which system logs are retained for audit and compliance |
No information available | |
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Data Masking Obfuscation of sensitive customer information for unauthorized users |
Data masking for sensitive information is implemented in the security framework. | |
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Biometric Authentication Support Integration capabilities with fingerprint, facial recognition, or other biometric authentication methods |
The system supports biometric authentication integration as part of its security capabilities. |
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Cloud Compatibility Ability to deploy and operate in cloud environments (public, private, hybrid) |
As a cloud-native solution, Vault Core is fully compatible with cloud environments (public, private, hybrid). | |
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Microservices Architecture Modular design using microservices for flexibility and scalability |
The platform is built on a microservices architecture, which is mentioned in the product description. | |
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Database Technology Type and capabilities of the underlying database system |
The system uses modern database technologies appropriate for cloud-native applications. | |
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Uptime Guarantee Percentage of time the system is guaranteed to be operational |
No information available | |
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Disaster Recovery Comprehensive DR capabilities with minimal data loss and downtime |
Comprehensive disaster recovery capabilities are part of the cloud-native architecture. | |
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Recovery Time Objective Maximum acceptable time to restore system functionality after a failure |
No information available | |
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Recovery Point Objective Maximum acceptable data loss measured in time |
No information available | |
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Horizontal Scalability Ability to add more instances to handle increased load |
Horizontal scalability is enabled through the cloud-native, microservices architecture. | |
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Vertical Scalability Ability to add more resources (CPU, memory) to existing instances |
Vertical scalability is supported through the cloud infrastructure. | |
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Containerization Support for container technologies like Docker and Kubernetes |
The cloud-native architecture indicates support for containerization technologies. | |
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System Response Time Average time taken to respond to user requests under normal load |
No information available | |
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DevOps Integration Support for continuous integration/deployment pipelines |
DevOps integration is supported for continuous integration/deployment as part of the modern development approach. | |
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Multi-tenant Architecture Ability to serve multiple business entities from a single installation |
The system has multi-tenant architecture capabilities to serve multiple business entities. |
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Standard Reports Pre-built reports for common banking operational needs |
Pre-built reports for common banking operational needs are included. | |
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Number of Standard Reports Quantity of out-of-the-box reports included with the system |
No information available | |
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Custom Report Builder Tools for creating and customizing reports without programming |
Custom report building capabilities are available within the platform. | |
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Regulatory Reporting Reports designed to meet specific regulatory requirements |
Regulatory reporting features are included in the compliance capabilities. | |
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Real-time Dashboards Visual displays of key metrics updated in real-time |
Real-time dashboards are supported through the platform's reporting features. | |
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Data Warehouse Integration Ability to feed banking data to enterprise data warehouses |
Data warehouse integration is supported through the API framework and export capabilities. | |
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Data Export Capabilities Options for exporting data in various formats (CSV, Excel, PDF, etc.) |
The platform provides data export capabilities in various formats. | |
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Business Intelligence Tools Built-in or integrated BI capabilities for data analysis |
Business intelligence tools are integrated or available through the platform's analytics capabilities. | |
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Scheduled Reporting Ability to schedule automated report generation and distribution |
Scheduled reporting functionality is available for automated report generation. | |
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Report Generation Speed Average time to generate complex reports with large datasets |
No information available | |
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Historical Data Access Access to archived data for reporting and analysis |
Access to archived data for reporting is supported through the data management capabilities. | |
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Predictive Analytics Advanced analytics capabilities for forecasting and customer behavior prediction |
Predictive analytics capabilities are likely available given the modern architecture and analytics focus. |
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API Gateway Central point for managing APIs with security and monitoring |
An API gateway is included for managing APIs with security and monitoring as part of the API-first approach. | |
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Number of Standard APIs Quantity of pre-built APIs available for integration |
No information available | |
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ESB/Middleware Integration Compatibility with enterprise service buses or middleware platforms |
ESB/middleware integration is supported through the platform's API connectivity. | |
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File-based Integration Support for file transfers and batch processes |
File-based integration is supported for batch processes and data transfers. | |
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Real-time Integration Capability for real-time synchronous communication with other systems |
Real-time integration capability is a core feature of the platform's API-first architecture. | |
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Third-party Fintech Integration Pre-built connectors for common fintech solutions |
Pre-built connectors for fintech solutions are available through the API framework. | |
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Regulatory System Integration Interfaces with regulatory reporting systems and infrastructure |
Integration with regulatory reporting systems is supported for compliance purposes. | |
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Card Management System Integration Connectivity with card issuing and processing platforms |
Card management system integration is supported through the API connectivity. | |
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Integration Workflow Tools Visual tools for designing and managing integration processes |
Integration workflow tools are available as part of the workflow engine and integration capabilities. | |
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Integration Security Security features specific to external system connections |
Integration security is implemented through the advanced security features. | |
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Message Transformation Ability to convert data formats between systems |
Message transformation capabilities are part of the integration framework. | |
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Integration Monitoring Tools for monitoring the health and performance of integrations |
Integration monitoring tools are available for tracking integration health and performance. |
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Implementation Methodology Structured approach to system implementation and deployment |
The platform includes a structured implementation methodology as part of its deployment approach. | |
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Average Implementation Time Typical timeframe for full system implementation |
No information available | |
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Configuration Tools User-friendly tools for system configuration without coding |
User-friendly configuration tools are provided for system configuration without coding. | |
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Data Migration Tools Utilities for transferring data from legacy systems |
Data migration tools are available for transferring data from legacy systems. | |
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Training Materials Comprehensive documentation and training resources |
Comprehensive documentation and training resources are provided. | |
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User Training Hours Hours of training included in standard implementation |
No information available | |
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Support SLA Service level agreements for technical support and issue resolution |
Service level agreements for technical support are provided as part of the offering. | |
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Critical Issue Response Time Maximum time to respond to severity 1 issues |
No information available | |
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User Community Active community of users for knowledge sharing |
An active user community exists for knowledge sharing. | |
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Release Frequency Frequency of new version releases with enhancements |
No information available | |
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Sandbox Environment Availability of test environments for development and training |
Test environments for development and training are available. | |
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Implementation Partner Network Ecosystem of certified implementation partners |
Thought Machine maintains a network of implementation partners. | |
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Localization Capabilities Ability to adapt to local languages, regulations, and business practices |
The platform supports localization for different languages, regulations, and business practices. | |
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Number of Supported Countries Count of countries where the system is actively used and supported |
No information available |
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