Zigi, the digital innovation division of Banco Industrial, has adopted Thought Machine’s core banking platform, Vault Core.
In collaboration with Thought Machine, Zigi introduced a solution that allows users to access fully compliant digital credit products within three months.
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Zigi transformed this offering, over the past year, into a whitelabel lending platform that can serve multiple partners and ecosystems under diverse brands.
Currently, the platform processes more than 50,000 credit disbursements each month, showcasing the scalability and dependability of Vault Core, stated Thought Machine in its release.
Banco Industrial strategic alliances head and Zigi CEO Michel Caputi said: “Zigi was born to challenge the limits of traditional banking and to create new digital businesses for Banco Industrial.
“Our partnership with Thought Machine goes far beyond technology—it represents a shared belief in building financial systems that are flexible, inclusive, and continuously evolving.”
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By GlobalDataThe Vault Core platform, developed by Thought Machine, forms the technological foundation for Zigi’s operations.
Its cloud-native and modular structure enables Zigi’s engineering team to rapidly prototype and deploy new solutions, including lending and digital payments.
The infrastructure uses smart contracts to support quick product development while maintaining regulatory compliance and operational reliability.
Thought Machine founder and CEO Paul Taylor said: “Zigi embodies the future of banking innovation.
“Their engineers are using Vault Core to drive continuous innovation, proving that rapid iteration and secure scaling are now possible for even the largest financial institutions in Latin America.”
Zigi serves as a centre of Banco Industrial’s digital business, designing, testing, and scaling new financial products that support sustainable growth.
By deploying Vault Core, the Zigi team can rapidly develop, test, and scale products within weeks, while ensuring full compliance and operational integrity.
The ongoing collaboration with Thought Machine is expected to support further expansion of Zigi’s digital offerings.
In June this year, Thought Machine and DXC Technology launched a joint solution to accelerate banking modernisation for small and midsize banks.
The alliance brought together DXC’s IT services expertise with Thought Machine’s Vault Core and Vault Payments platforms.
