Thought Machine is a UK-based growth stage technology company which builds cloud native technology for banks. Founded in 2014 by CEO Paul Taylor.

Thought Machine’s mission is to enable banks to deploy modern core banking and move away from the legacy platforms that plague the banking industry. Thought Machines Core banking software is called Vault.

Thought Machine has gained material market traction and made three major announcements in 2018,  Atom Bank and Lloyds Banking Group as customers of Vault and IBM as a strategic global delivery partner.

Overview of Vault

Vault is the next generation core banking platform. It has been written by Thought Machine to be a cloud native modern alternative to the legacy platforms that blight the banking industry. As a cloud-native platform, the entire system runs in the cloud instance owned & managed by the bank. Therefore, taking full advantage of the benefits this environment offers like high availability, resiliency, elastic scalability & lower costs (infrastructure & operational).

Vault is built using modern technology by a team of highly qualified engineers, so we can look & solve issues within banking differently. Scalability and flexibility are at the heart of Vault and it will provide you with a flexible and robust system around which you can create the bank you wish to have.

Vault is highly configurable. It has been designed to host any type of bank and offers complete flexibility in terms of products management, defining operating model and user interactions.  It provides the capability to host the full range of standard retail products including current accounts, savings, personal loans, mortgages and credit cards.