Thought Machine
Thought Machine is a technology company that provides cloud-native banking and payments platforms, including Vault Core and Vault Payments, to a global client base of major banks and fintech companies.
Cloud-Native Core Banking and Payments Platforms
Thought Machine offers cloud-native core banking and payments platforms, known as Vault Core and Vault Payments. These platforms are designed for flexibility and scalability, leveraging modern technology to meet the demands of today's financial institutions. With a focus on real-time data processing and API-first architecture, these platforms aim to revolutionize traditional banking systems.
Universal Product Engine for Financial Institutions
Thought Machine provides a Universal Product Engine that allows financial institutions to build and launch any financial product. This engine enables banks and fintech companies to create customized financial products that meet their specific needs, ensuring a higher degree of flexibility and innovation in the financial services sector.
Global Client Base and Operations
Thought Machine supports a global client base that includes Tier 1 banks, regional banks, and fintech companies. The company operates internationally, with offices strategically located in London, New York, and Singapore. This global presence allows Thought Machine to serve a diverse range of clients, providing cutting-edge banking solutions around the world.
Microservices Architecture for Scalability
Thought Machine employs a microservices architecture to ensure the scalability and flexibility of its banking systems. This architectural approach allows for modular and independent deployment of various services, making it easier to scale operations and innovate rapidly. This design principle enhances both reliability and performance across its platforms.
Series D Funding and Financial Growth
Thought Machine raised $160 million in Series D funding to support its continued growth and product development. This significant investment demonstrates strong confidence in the company's mission to modernize banking infrastructure. The funding will be used to enhance product offerings and expand Thought Machine's market reach.
Vault Platform Features
The Vault platform by Thought Machine includes a Product Library with pre-configured financial products and an Integration Library for connecting with other technology vendors. Additionally, Vault Payments supports card issuing and processing on the Mastercard network and is designed to integrate with various payment schemes. The platform also offers training and certification for clients and partners through its Enablement Portal, ensuring users can fully leverage its capabilities.