Thoughtworks, a global technology consultancy, has announced a strategic partnership with GXS Bank to facilitate the launch of two digital banks in Singapore and Malaysia within a year. This collaboration aims to accelerate GXS Group’s regional expansion by leveraging Thoughtworks’ expertise in strategy, design, and engineering.
The partnership has resulted in the development of a seamless and secure digital banking mobile platform, which serves as the foundation for GXS Group’s retail and business banking products in both countries. A key innovation is the GXS FlexiLoan, a personal loan product in Singapore that offers flexible repayment options tailored to each customer using a proprietary credit assessment model.
Rajat Malhotra, Chief Technology Officer at GXS Bank, highlighted the importance of a modular and scalable approach, stating, “Thoughtworks is a pioneer in the field of agile frameworks, and its disciplined approach, understanding of best practices, and engineering principles have been a strong support for our engineering teams.”
Wayne Te Paa, Managing Director for Banking, Finance Services and Insurance at Thoughtworks Asia Pacific, added, “By enhancing GXS Bank’s engineering culture and delivering a robust and scalable mobile platform solution, we are proud to have enabled GXS Bank to create and rapidly launch high-quality new digital banking services.”
The collaboration underscores GXS Group’s commitment to improving financial inclusion and supporting economic growth across Southeast Asia. The scalable infrastructure developed by Thoughtworks ensures compatibility with regional ecosystems, allowing GXS Bank to benefit from economies of scale and talent from its centres of excellence.
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