General Bank of Canada (GBC) has joined forces with London-based banking technology firm Thought Machine to modernize its core banking operations through the adoption of the Vault Core platform. The cloud-native system will serve as the foundation for GBC’s digital transformation, enabling the bank to streamline product development, accelerate innovation, and strengthen its position as a Bank-to-Business-to-Consumer (B2B2C) provider.
The Vault Core platform—already in use by institutions such as Zopa Bank, Shawbrook, and Afin Bank—offers more than 200 preconfigured financial products, including traditional services like credit cards, savings, and loans, as well as modern solutions such as BNPL, offset mortgages, and digital wallets.
Headquartered in Edmonton, Alberta, GBC has been serving over 325,000 Canadians since 2005, providing auto loans, commercial lending, aviation financing, and investment services. Through this partnership, GBC aims to harness Vault Core’s scalability and flexibility to accelerate innovation and enhance customer experience across its offerings.
