“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.