Curve Picks Thought Machine’s Vault to Power Lending Platform

Curve Credit, a new startup from banking platform Curve, which announced it has selected Thought Machine, the cloud native core banking technology company, to power its lending platform.

Thought Machine’s flagship product Vault will bolster Curve’s new loan product, allowing Curve users to pay for purchases in instalments over a six or nine-month period.  

Curve Credit is a new startup from banking platform Curve which allows customers to pay for purchases in instalments. The start-up is being launched with an ethos of responsible lending and borrowing.

Curve will build Curve Credit by building upon Thought Machine’s cloud-based core banking platform.  

Credit can be applied both retrospectively and prospectively -- utilising Thought Machine's core platform and Curve's unique 'Go Back in Time' technology.

Furthermore, Curve Credit will augment customer credit scores using their transaction history across various bank accounts, aiming to give customers greater transparency and flexibility in the borrowing decisions they make.

Curve will make full use of Vault's Smart Contracts product-building system to deliver this functionality for the live product. The Curve team will, as all of Thought Machine's clients, have the ability to build the financial products they want by writing them as code in the Smart Contracts interface.