Payset: Selects Thought Machine to bring next-generation financial services to UK
- Payset is an elite payments solution that provides multi-currency accounts, prepaid cards, and currency exchange services
- Thought Machine’s next-generation core banking platform Vault Core and its Universal Product Engine
- Currently operates in the UK, Israel, and Gibraltar, with further EU expansion planned through its Danish EMI
- Under application for EMI authorization in Denmark, the firm intends to acquire 5,000 new customers across the EU by 2024
- The single clear architecture of Vault Core ensures can scale quickly, free from the constraints of legacy technology
- Thought Machine’s technology provides with the cutting-edge architecture need to support fast growth
