"We are excited to simplify and enhance the modernisation experience for complex banks worldwide and make it even easier for them to deliver sophisticated customer experiences."‍ "We've had a longstanding relationship with Thought Machine, and they're now our first strategic, end-to-end partner in the core banking space," says Mark Barnett, president, Mastercard Europe. "We're providing leading banks and financial institutions with a comprehensive core banking and card issuing solution that meets tomorrow's payment needs, and we look forward to scaling our joint capabilities."‍ Beyond core banking, Mastercard and Thought Machine partnered on an issuer processing solution, Vault Payments, in 2022. Mastercard's cloud technology powers and enhances the Vault Payments offering across card and non-card use cases. Thought Machine also participated in the Mastercard Start Path startup engagement program in 2020.