Evergreen Technology Services

Ever-greening in IT is not a new concept but has been around for decades. The traditional approach of companies catching up with technology changes through lengthly planning phases that can take from months to years and often companies just never catch up.

End users face large changes in functionality and need time to understand and adopt the updated solution. On the contrary, we believe in an approach similar to software updates on your phone or electric car. The changes should be small but frequent which enables the end user to enjoy small enhancements with their already familiar system and process. By adopting this approach, users will experience a constantly improving and easy to use IT environment. We also believe this reduces the amount of overhead required to continue using the systems at pace with no major learning required along the way.

Key benefits...

• Realisation of business value is fast and consistent, and product teams can decide quickly of when and what to deliver in a quick and predictable manner
• Visibility is high throughout the development cycle. It only requires a small group of key stakeholders for a specific need
• Costs and risks are much lower as the change to the systems are smaller and more manageable

Why

Staying ahead of the curve is more critical than ever for banks seeking to maintain a competitive advantage. By design, with Thought Machine's Vault Core continuously evolving, it's not a matter of if, but when your bank will need to adapt to the latest updates and enhancements. While this may seem like a daunting task, it's actually an opportunity to capitalise on the ever-improving Vault Core ecosystem and drive innovation in your digital banking solutions. Our ever-greening proposition offers value through continuous support and expert consulting services to optimise integration and adoption of new Vault Core versions and their features. As a consulting firm with deep expertise in Thought Machine's core banking system and a proven track record of successful integrations, we are uniquely qualified to help your bank navigate the transition and unlock the full potential of Vault Core, setting you apart from your competitors in the industry.

Summary:

• Staying ahead of the curve: Banks must adapt to evolving Vault Core updates to maintain a competitive edge.
• Capitalise on innovation: Vault Core updates present opportunities for improved digital banking solutions.
• Unique expertise and support: Our ever-greening proposition provides expert consulting services for seamless integration and adoption of new Vault Core features.

Examples of where TM Vault Core is subject to change:

• Vault Core Platform: New and better ways of configuration and orchestration (including deployment and observability) of the platform and the integration to the underlying infrastructure
• Smart contract language: The smart contract language way of building financial products in Vault Core, enabling better developer experience with reduced cost for change and better integration patterns to the outside of Vault Core
• Vault Core API changes: Deprecations of previous endpoints and new endpoints with improved performances and allowing better integration patterns
• Changes and improvements to the usage, the configuration and the integration of the policy engine, workflow engine, ops portal and also many other components of Vault Core

For a detailed list of all previous and upcoming changes, you can access the TM Vault enablement portal and review the Vault Core release documents, deprecation notices and roadmap publications of TM.

What we offer

Upgrade Delivery Management

• Assist banks in planning and executing seamless transitions to newer versions of Vault Core platform
• Provide guidance on the necessary changes to configuration layers, particularly in smart contracts and integrations
• Guarantee backward compatibility and minimal interference with current banking operations. Our accelerator libraries for Vault Core integrations can be supplied to the bank, laying the groundwork for a sustainable approach to managing these updates

Tailored integration and adoption

• Help banks adopt the new paths of integration of new Vault Core features in context of existing integrations but also north star architecture plans
• Help transition from legacy smart contract languages into new versions
• Help transition from legacy workflow solutions into new versions
• Identify opportunities for process improvement and efficiency gains
• Collaborate with banks to develop even more innovative digital banking solutions using the latest Vault Core capabilities

Training and Enablement

• We deliver hands-on training programs to banks, focusing on the latest features and enhancements in Vault Core from a practical perspective. While TM documentation covers the theoretical aspects, we emphasise the practical implementation tailored to the specific context of your bank, ensuring a comprehensive learning experience
• Leverage our extensive experience in the Vault Core ecosystem by gaining access to the best practices and valuable lessons learned from our previous implementations and upgrades. With a community of new adopters (given Vault Core's young age as a product), our unique expertise and experience with the product for the past few years already, sets us apart, empowering your bank to maximise the potential of Vault Core
• Utilise ThoughtMachine's learning platform to guide the banks teams training progress with in-person support and also some separate preparation for their staff certifications

Embrace the future of digital banking by partnering with our expert teams for seamless Vault Core upgrades and enhanced innovation — contact us today to unlock your bank's full potential!

Upcoming TM 5.0 Changes

Below are some changes in Vault Core 5.0, to give an idea of what are their key improvement area. It should not be used as an exhaustive list as it will be available from ThoughtMachine officially later this year.

Conclusion

Vault Core is a highly customizable core banking system capable of meeting the needs of a range of institutions, from greenfield digital banks to large incumbent banks. Ikigai Digital is here to guide your team, providing the necessary skills to excel in writing smart contracts, deploying rapid changes via the configuration layer, and continuously optimizing the platform. We aim to keep your Vault Core asset evergreen, ensuring your system stays ahead of your business needs. Much like updates to your phone or electric vehicle software, the correct implementation can offer your customers a seamless and delightful experience.

Our Accelerator Programme delivers first-rate engineering and architecture advisory, gleaned from globally recognized financial institutions. Our consulting service will provide you with an unparalleled advantage, enabling you to harness the benefits that both the cloud and Vault Core can offer. We invite you to engage in a conversation with us.