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FinTech Futures: Top five stories of the week – 27 October 2023

October 27, 2023

UK digital bank Monese is parting ways with Thought Machine three years after signing up for its Vault core banking platform, with the company instead implementing new core tech developed in-house by the company’s recently launched fintech subsidiary XYB.

Monese first tapped Thought Machine for its cloud-based Vault offering in October 2020 in a highly publicised deal. The agreement included the migration of the bank’s customer base and technology infrastructure to the new platform.

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