paul-taylor-thought-machine.jpg
 

Thought Machine

w: thoughtmachine.net

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.”

ThoughtMachine’s mission is to cure the banking industry’s reliance on outdated IT infrastructure.

Their solution, Vault, is a complete retail banking platform capable of being configured easily to suit the needs of any bank. ThoughtMachine have built Vault from scratch as a cloud native, microservice API architecture platform. 

Vault can run any type of banking product, from mortgages to current accounts and has a workflow engine which defines how the bank operates. All data runs in real time within the system, meaning data analytics and regulatory reporting can be fully automated. Customer Apps and APIs create the ability to have fully automated customer interaction.