A Collective Push to Redesign the Banking Foundations

The human arsenal has always been a little on the loaded side, and yet it has never possessed anything more valuable than that tendency of ours to grow on a consistent basis. We can claim what we did because the stated approach has got us to hit upon some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, centered on its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown to become more and more evident in recent times, and assuming a new partnership works out just like we envision, it will only put that trend on a higher pedestal moving forward.

HMBradley, a financial technology platform built to reward savers, has officially partnered with Thought Machine to create a more comprehensive and intelligent banking solution. According to certain reports, the partnership will allow HMBradley to open new accounts for the first time in over 16 long months. But what really drove the company to pick Thought Machine here? Well, by leveraging the latter’s Vault Core cloud technology, HMBradley can make a realistic switch from overnight batch transaction processing to achieving those real-time ledger capabilities. With the stated real-time and event-driven structure in place, the company will eventually be able to conceive an effective brand of personalized products for its customers.

“We are thrilled to partner with HMBradley to create a long-lasting impact on the banking industry,” said Paul Taylor, CEO of Thought Machine. “By running on Vault Core, HMBradley will undoubtedly grow and improve its service in ways customers never imagined. We look forward to supporting HMBradley as it bakes power and efficiency into its operations and rolls out innovative new features with speed.”

Beyond Thought Machine, HMBradley revealed an intention to also work alongside New York Community Bank, a division of Flagstar Bank. Talk about the focal point of this partnership, NYCB is primarily expected to help HMBradley in maintaining customer deposit accounts. Interestingly enough, though, these partnerships weren’t the only thing making up the company’s announcement. You see, HMBradley took the opportunity to further unveil some new developments that are soon going to become a part of the company’s fabric. For instance, it dug into how the customers will get the option to set their annual percentage yield (“APY”) on their accounts each month based on savings and spending habits. The company has even made the arrangement to ensure that every account holder has a shot at landing an industry-best return, as they can now earn interest worth upto $250,000 on balances, a figure that is significantly higher than the $100,000 offered earlier.

“We are excited to partner with NYCB and Thought Machine to bring the best of both worlds to our customers,” said Zach Bruhnke, CEO and Co-founder of HMBradley. “With Thought Machine’s cutting-edge technology, we can quickly create and build the products we’ve imagined, and with NYCB’s long-standing reputation as a stable and successful financial institution, we can exceed customer expectations at scale. This will result in an unparalleled customer experience with more personalized tools and benefits for our customers.”