About us

Thought machine employee smiling behind computer screens
Thought Machine employees in the office
Thought Machine employees gathered around a table discussing a topic
Man smiling whilst working in the Thought Machine office
A Thought Machine employee sitting on a couch in the office on her laptop and phone
Our team’s mission is bold: to create technology that can run the world’s banks according to the best designs and software practices of the modern age. In doing so, we will properly and permanently rid the world’s banks of the problems generated by poor technology running on legacy infrastructure.

This mission inspires our team. What we are attempting is hard, which means we need great people working together towards a common goal.
Our leadership team has a unique depth and breadth of experience across banking and technology that has enabled us to rebuild the foundations of banking.
Paul Taylor
Thought Machine employees smiling whilst playing a video game
Thought Machine employees in the office
Thought machine employees talking
Thought Machine employees in the office
A beautiful Cocker Spaniel dog in the Thought Machine office
Thought Machine around the globe
Our core banking engine, Vault Core, was born in the spring of 2015. We've since expanded to more than 500 people across Europe, Asia, North America, Australasia, and the Middle East.
Our story

Thought Machine is founded by Paul Taylor.


Thought Machine enters into a commercial relationship with Lloyds Banking Group, one of the UK's largest retail banks. As part of this engagement, Lloyds Banking Group invests into Thought Machine's $25m series A funding round.


Thought Machine begins international expansion with the launch of its Asia Pacific office. Leading Nordic financial group, SEB, launches UNQUO – a bank designed for entrepreneurs – on Vault Core. Later that year, Standard Chartered signs to deploy Vault Core to launch their new digital bank in Hong Kong: Mox.


Thought Machine closes a $125m Series B funding round – receiving investment from Molten Ventures, Eurazeo, British Business Bank, SEB, and existing investors. Andy Maguire, former HSBC Group COO, joins Thought Machine as Chair.


Thought Machine closes a $200m Series C funding round – pushing the company’s valuation to more than $1bn. The Series C is lead by Nyca Partners and JPMorgan Chase. Standard Chartered Ventures, ING Ventures and existing investors participate.

Thought Machine announces JPMorgan Chase and ING Poland as new clients.


Thought Machine makes several client announcements, including Magyar Bankholding (Hungary), Mascoma Bank (US), Lunar (Denmark), Sovico Group (Vietnam), Kiwibank (New Zealand) and Italy's largest bank: Intesa Sanpaolo.

Temasek, Intesa Sanpaolo, and Morgan Stanley invest in Thought Machine’s $160m series D funding round, doubling the company’s valuation to $2.7bn.

Thought Machine is named the number one place to work in New York City by Crain’s New York Business.


Thought Machine continues its global expansion, winning clients in new territories, including Mexico, Chile, South Korea, Israel, and Guatemala.

Thought Machine is named the best place to work in New York City for the second year running by Crain's and the best place to work by American Banker. Global Finance Magazine names Thought Machine one of the world's most innovative fintechs, and the Financial Times and Statista confirm Thought Machine as one of Europe's fastest-growing companies.

Our CEO, Paul Taylor, shares Thought Machine’s founding story and mission in a short film produced by BBC StoryWorks.

the crain's best place to work logo 2023
Crain's NY Fast 50
Crain's 2022 best places to work in NYC
Google Cloud Partner of the Year 2021
Asian Banker Fintech Innovation Awards 2022
IDC Fintech Rankings 2021
IBS Intelligence – Best Core Banking Implementation (Most impactful project) Mox Bank
Fintech 50 - 2020
CBInsights 250 - 2020
AltFi – B2B Fintech of the Year 2021
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