Thought Machine redefining banking with Standard Chartered

Standard Chartered, a client of Thought Machine, has announced the launch of Mox – a new virtual bank in Hong Kong, in partnership with PCCW, HKT and Trip.com.

We’ve had the pleasure of working with Standard Chartered since October 2019 on their core banking capability for this new digital bank. They unveiled themselves as one of the few recipients of a virtual banking license from the Hong Kong Monetary Authority last year and we’ve been working closely together to support the delivery of this exciting new proposition.

CEO of Mox, Deniz Güven told FinTech Magazine last year that Thought Machine is going to be used as the ‘bank’s powerful product engine’ and that selection of the right vendors are a crucial part of building out the bank’s capabilities.

“Mox operates in a whole new way by listening to customers and focusing on heart share. We aim to empower Hong Kong customers to grow and unlock more possibilities by providing a truly digital and personalised banking experience,” said Güven.

CEO of Thought Machine, Paul Taylor, said: “We’re delighted to see the Mox brand unveiled, and be a part of this transformational journey for Standard Chartered. By building the best possible cloud native platform, we are bringing agility, security and resilience to the world’s leading banks.”

Standard Chartered are re-defining innovation by launching Asia’s first all-in-one numberless bank card – allowing for spending and ATM cash withdrawals without any printed card numbers, expiry dates or CVV numbers present.

We’re delighted to see the Mox brand unveiled and look forward to seeing Standard Chartered Bank’s ambitions come to life.