About us

Though Machine employees gathered around a computer screen in the office
Mission
Our team’s mission is a bold one – 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.

We believe this mission inspires our team. What we are attempting is hard, and this means we need great people, working together, towards a common goal.

Leadership
Our leadership team has a unique depth and breadth of experience across banking and technology that has enabled it to rebuild the foundations of banking.
Meet our team
Thought Machine CEO Paul Taylor sitting in the office
A Thought Machine employee sitting on a couch in the office on her laptop and phone
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.
Join us
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.
Sydney
-33.80343
150.69436
Melbourne
-37.42784
144.93026
New York
Rockefeller Center
40.72942
-73.98795
Singapore
Distrii Singapore
1.36478
103.80026
London
Herbrand Street
51.49736
-0.11328
Our story
2014
2018
2019
2020
2021
2022
2014

Thought Machine is founded by Paul Taylor.

2018

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.

2019

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.

2020

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.

2021

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.

2022

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

Intesa Sanpaolo makes a $40m investment and outlines its intention to deploy our platform across the bank's broader technology stack.

Our accolades
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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