Pay Set News
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Thought Machine's core banking system to "reinvent" Payset
UK-based paytech Payset is implementing a new core banking system, Vault Core, provided by fellow UK tech company Thought Machine, to underpin its international payments platform. The implementation is expected to improve every aspect of Paysets platform and user experience. Payset is also preparing to launch a new onboarding system and is anticipating receiving its electronic money institution (EMI) license in Denmark, allowing it to expand and serve clients in the European Union. Payset is a UK regulated company authorized by the Financial Conduct Authority (FCA) for the issuing of electronic money and provision of payment services.
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