Many banks have an ambition to deliver better technology to their customers but are held back by legacy technology infrastructure. The cost of change is enormous, and the cost of operations is too expensive because of an inability to automate processes. Banks are forced to spend heavily just to stand still. Thought Machine is delivering a new era in banking using truly cloud native technology. Founded in 2014 by Paul Taylor, Thought Machine has a rapidly growing customer base, including banks such as JPMorgan Chase, Lloyds Bank, and Standard Chartered.
Thought Machine closed a 160m series D funding round in 2022, with IQ Capital supporting from their Growth Fund, valuing the company at £2.1 billion.
Thought Machine
November 07, 2019
A Rare first in banking: Thought Machine unveils Vault Rare feature
April 03, 2020
BAAS firm Thought Machine plans to double staff in 2020
June 01, 2020
Core Systems Strategy for Banks - by Thought Machine