Thought Machine Group Ltd

Investment lists: 
Official name: 
Thought Machine Group Limited
Registration country: 
United Kingdom
Company type: 
Software for a ‘bank-out-of-the-box’ run fully in the cloud.
Overview: 
Thought Machine is a UK-based growth stage technology company which builds cloud native technology for banks. Founded in 2014 by CEO Paul Taylor, Thought Machine’s mission is to enable banks to deploy modern systems and move away from the legacy platforms that plague the banking industry. About Vault Vault is a next generation cloud native core banking platform which has been written from scratch by Thought Machine. Vault is completely flexible, and can be configured to run any type of bank. Smart contracts are used to implement the full range of banking products, from mortgages to current accounts, and its workflow engine is used to define the operating model of the bank. All data runs in real time within the system, meaning data analytics and regulatory reporting can be fully automated. APIs create the ability to have fully automated customer interaction via mobile and web applications, greatly reducing the time and effort for customer interaction.