Paul Taylor-thought machine.jpg

Thought Machine


t: thoughtmachine

Li: ThoughtMachine

Founder/CEO:  Paul Taylor

Founded: 2014

Total funding: $22.3M

Latest funding: $22.8M Series A, Nov 2018 - Lloyd Banking Group

Keywords: Core Banking, Retail Banking System

Who is it for: Financial institutions

HQ:  London, UK

“Reinventing core banking”

Thought Machine set out to solve the hardest problem in banking: fixing the core. Its solution is Vault OS, a first ‘next-generation’ operating system for banks established by a core of ex-Google engineers with team of 50 based in east London. VaultOS supports a full array of bank services, such as current accounts, mortgages, loans, credit cards) and is fundamentally secure due to private blockchain-style technology and cryptographic ledgers. For bank customers, the benefits are real-time transaction information, a comprehensive overview of all personal finances and genuinely bespoke financial services such as ‘payment holidays.