Thought Machine

Building technology to revolutionise banking

Thought Machine

Overview

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

2014

Number Of Employees

20

Headquarters

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

Email

press@thoughtmachine.net

Website

http://www.thoughtmachine.net

London

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.

Tamsin Webstier

Chief People Officer

The People Operations team I run is responsible for attracting, onboarding and developing all our people.

William Montgomery

Chief Technology Officer

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

Peter Ebden

Chief Infrastructure Officer

I look after all of our infrastructure; from our cluster operations, hosting providers and databases to CI, build systems, internal IT and security.

Gareth Richardson

Chief Delivery Officer

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

Matt Wilkins

Chief Operating Officer

In addition to long range strategic planning and big picture project alignment, I’m ensuring alignment within the wider Thought Machine teams.


Content provided by Thought Machine

News

Financial services “marooned” from tech advances
Banking
July 31, 2019

Financial services “marooned” from tech advances

Banks and financial services firms are still being plagued by legacy IT decisions, according to Paul...

Ask the Expert: Financial Services in the Cloud
Banking
July 16, 2019

Ask the Expert: Financial Services in the Cloud

Financial institutions and regulators are finally getting comfortable with operating in the cloud -....

Leaving the legacy behind: Meet the tech company that could put a stop to the banks' IT failures
Banking
May 20, 2019

Leaving the legacy behind: Meet the tech company that could put a stop to the banks' IT failures

TSB’s outage last year, which left 1.9m customers locked out of their accounts and cost the bank £33...

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