Thought Machine signs Averst Bank to Vault platform

Home AI Thought Machine signs Averst Bank to Vault platform
Thought Machine signs Averst Bank to Vault platform

Arvest, the operator of a collection of small community banks in the US, has struck a deal to implement for Thought Machine’s cloud-native core banking platform, Vault.

Averst has also enlisted Accenture for its overhaul as it taps Vault to build personalised, real-time services for its network of 14 locally managed banks with a combined 230 branches in Arkansas, Oklahoma, Missouri and Kansas.

Arvest CEO Kevin Sabin says: “As modern consumers’ lifestyles and digital banking expectations change, we want to ensure we deliver a banking experience that makes their lives easier today and well into the future. A next-generation core engine powering Arvest will allow us to do just that.”

Paul Taylor, CEO, Thought Machine, adds: “Deploying modern, cloud-native core banking software will allow Arvest to truly step ahead of the competition in terms of customer experience, resilience and innovation.”

Join,
Black Tech Daily

Sign up to receive exclusive updates and tips about the latest products & opportunities!

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Your email address will not be published.