Thought Machine

Building the next generation of cloud native core banking technology

Thought Machine

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.

Year Established


Number Of Employees



Albert House , 256-260 Old St , London , London , EC1V 9DD , United Kingdom




SEB selects Thought Machine for innovation arm
SEB selects Thought Machine for innovation arm

Swedish banking group SEB recently created an innovation studio called SEBx to explore the future of banking. Today SEB announced the new venture will deploy Thought Machine’s core banking platform Vault in its first major project.

SEB selects Thought Machine for innovation arm

Meet the team at Thought Machine
Paul Taylor

Founder & CEO

I founded Thought Machine in 2014 because I wanted to bring modern software technology to banking.

Travers Clarke-Walker

Chief Sales & Marketing Officer

My team includes pre-sales engineers, business development experts, relationship managers and and a partnership specialist.

William Montgomery

Chief Technology Officer

At Thought Machine, I am responsible for the overall architecture and development of our main product, Vault.

Gareth Richardson

Chief Operating Officer

My team manages all our client delivery and operational activities, from initial scoping to supporting our clients to take ownership of their instance of Vault.

Content provided by Thought Machine


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