Intesa Sanpaolo signs deal with Thought Machine for new digital core

Intesa Sanpaolo has roped in core banking supplier Thought Machine to build the backbone for a new mass-market digital bank, part of a $4.8 billion technology spend earmarked in the Italian bank's 2022-2025 business plan. The new digital bank will cater to the four million Intesa Sanpaolo clients identified as digital-first, with simple banking needs.
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