What does Thought Machine do?

Thought Machine is a London-based company that specializes in cloud-native banking technology. Founded in 2014 by Paul Taylor, it focuses on modern core banking and payments platforms. The company's flagship product, the Vault platform, allows banks and fintechs to create flexible financial products using smart contracts and real-time data. Thought Machine operates globally, with offices in major cities including New York, Singapore, Sydney, and Melbourne. The company has achieved significant milestones, including multiple funding rounds that have raised substantial capital, leading to a valuation of $2.7 billion in 2022. Thought Machine's offerings include Vault Core, which supports the creation of financial products, and Vault Payments, designed for processing global payments. Its technology is utilized by a range of clients, including major banks and fintechs, and it collaborates with partners like McKinsey and Mastercard to enhance banking solutions.