The full-service bank, which caters to both individuals and businesses, will leverage Thought Machine’s Vault Core, a cloud-native core banking platform, to develop and launch new offerings.
A testing and simulation phase is underway to test Vault Core’s ability to manage financial products and scale as the bank expands, the official statement said.
Later, more information about the financial products powered by Vault Core will be released.
Thought Machine CEO and founder Paul Taylor said: “C6 Bank is a digital-banking leader in Brazil and a critically important client for us as we continue our expansion in Latam.
“This partnership demonstrates the flexibility of Vault Core and the capabilities of its Universal Product Engine in building and running innovative financial products catered to our clients’ specific markets.”
Launched in 2019 by former partners at Banco BTG Pactual, C6 offers banking services to around 20 million customers.
Recently, media reports emerged that C6 Bank will launch consumer-facing branches to expand its customer base and compete with rivals.