Curve selects Thought Machine to boost new credit and loan offering

Core banking technology provider Thought Machine has been selected by Curve today with an aim to boost the latter’s new credit and loan offering – Curve Credit. The FinTech Curve will leverage Thought Machine’s Vault and use its Smart Contracts product building system. Vault SaaS offers all of the features of Vault and can support a bank of any size, scaling as required.

Curve Credit is a newly launched startup by the FinTech. It allows customers to pay for purchases in instalments. Curve Credit allows its users to spread payments over three, six, or nine-month period. Credit can be applied both retrospectively and prospectively – utilising Thought Machine’s core platform and Curve’s ‘Go Back in Time’ technology. The new startup also aims to enhance customer scores by using their transaction history across different bank accounts.

Read more: IBSintelligence