GXS Group has partnered with know-how consultancy Thoughtworks to help the launch of its digital banking platforms in Singapore and Malaysia.
The group operates as GXS Financial institution in Singapore and GXBank in Malaysia and works carefully with Indonesia’s Superbank, which shares the identical mum or dad corporations, Seize and Singtel.
The three banks utilise a standard core banking system, information structure, and product infrastructure.
The collaboration focuses on creating a scalable and safe infrastructure to help GXS Group’s regional enlargement.
Thoughtworks labored with GXS to create a modular know-how system that permits for deployment throughout completely different markets whereas making certain compatibility with regional ecosystems.
This infrastructure underpins GXS Financial institution’s retail and enterprise banking merchandise, together with the GXS FlexiLoan in Singapore, which gives versatile compensation choices based mostly on a proprietary credit score evaluation mannequin that integrates credit score bureau information and insights from its ecosystem.
Superbank in Indonesia additionally utilises components of this method as a part of its operations.
Thoughtworks supported GXS Group in strengthening its engineering processes to boost product improvement and scalability.
“Now we have daring ambitions to enhance monetary inclusion and help financial progress for our prospects throughout the area. For us to realize this, we knew we needed to be nimble and that our construct needed to be modular and scalable.
Thoughtworks is a pioneer within the subject of agile frameworks, and its disciplined method, understanding of finest practices, and engineering ideas have been a powerful help for our engineering groups as we constructed and launched two new digital banks in two international locations within the area of a yr. “
mentioned Rajat Malhotra, Chief Know-how Officer at GXS Financial institution.
“Over the previous few years, banks have been aggressively adopting digital applied sciences to supply extraordinary banking experiences for purchasers.
By enhancing GXS Financial institution’s engineering tradition and delivering a sturdy and scalable cellular platform answer, we’re proud to have enabled GXS Financial institution to create and quickly launch high-quality new digital banking companies and speed up their progress throughout the aggressive Southeast Asia market.”
mentioned Wayne Te Paa, Managing Director for Banking, Finance Providers and Insurance coverage, Thoughtworks Asia Pacific.
Featured picture credit score: Edited from Freepik
