Tagged: paul taylor

May 3, 2023 @ 6:58 pm By JD Alois  |  

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

March 9, 2023 @ 4:04 pm By Omar Faridi  |  

HM Bradley, Inc, a financial technology platform built to reward savers, announced a strategic partnership with Thought Machine, a provider of banking technology. The partnership “enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months.” HMBradley has… Read More

March 1, 2023 @ 11:24 am By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces the next phase of its expansion plans, in which it will increase its global headcount by more than 20% in 2023, which includes hiring in India, Japan and other world regions for the first time. The company… Read More

December 18, 2022 @ 1:43 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announced that Bpifrance, the French public investment bank, is “using Thought Machine’s cloud-native core banking platform, Vault Core.” Bpifrance claims it is “the first bank in France to deploy Thought Machine’s modern cloud-native core banking platform, using Vault… Read More

November 25, 2022 @ 7:29 pm By Omar Faridi  |  

This spring, Payset paves the way “for enhanced Open Banking capabilities, faster transaction processing, budget management, and more.” Payset is preparing “to launch a new and improved service, running on core banking technology from Thought Machine, a cloud-native banking technology company based in London.” The… Read More

June 10, 2022 @ 3:56 pm By Omar Faridi  |  

Thought Machine, the Cloud-native banking tech firm, has launched Vault Payments: a new, cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, Vault Payments has been built from scratch “as a cloud-native payments processing platform – ensuring the platform is… Read More

May 25, 2022 @ 1:28 pm By Omar Faridi  |  

M1, The Finance Super App helping consumers manage and grow their money, has announced it has chosen Thought Machine, the Cloud-native banking tech firm, in order to power and grow their platform. Thought Machine’s Cloud-native core banking engine, Vault Core, will be “deployed by M1… Read More

May 20, 2022 @ 8:26 am By Omar Faridi  |  

Thought Machine, the Cloud native banking tech firm, recently announced it has closed its series D funding round, led by Temasek, the global investment company headquartered in Singapore, “with participation from Intesa Sanpaolo and Morgan Stanley.” Existing investors following-on in this investment round reportedly include:… Read More

February 15, 2022 @ 8:35 am By Omar Faridi  |  

Intesa Sanpaolo, which is Italy’s largest bank by total assets and one of Europe’s most profitable and sustainable financial institutions, has chosen Thought Machine, the United Kingdom-based core banking tech firm, to support its digital banking platform. In conjunction with this partnership, Intesa Sanpaolo has… Read More

January 25, 2022 @ 10:57 pm By Omar Faridi  |  

Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of one of the world’s largest Islamic banks in terms of assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has chosen Thought Machine, the Cloud native core banking tech company, in order to power… Read More

April 22, 2021 @ 10:43 pm By Samantha Hurst  |  

    Fintech investors took to the stage of UK Fintech Week 2021 on Wednesday to take a closer look at the development of business-to-business (B2B) fintechs. The breakout session’s description reads: “FinTech has proved its resilience in a time of crisis, and B2B FinTechs,… Read More

October 19, 2020 @ 8:28 am By JD Alois  |  

Curve Credit has selected Thought Machine’s Vault product to power its online lending service, according to a note from the company. Curve is an aspiring digital bank that enables its users to consolidate cards and accounts into a single app and smart card. Curve offers a… Read More

July 29, 2020 @ 7:18 am By Omar Faridi  |  

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More

May 3, 2020 @ 8:40 am By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has dramatically affected cash transactions in the United Kingdom, as ATM withdrawals dropped by 60% during the lockdown period. Approximately 75% of UK residents confirmed that they’re not handling physical currency notes nearly as much as they were before the ongoing… Read More

March 2, 2020 @ 8:28 am By JD Alois  |  

Thought Machine has raised $83 million in a Series B funding round, according to the company. Thought Machine is a “cloud native core banking tech firm.” The additional capital will help fuel the company’s mission to “transform banking” as it continues to build out its… Read More

November 21, 2019 @ 8:55 am By JD Alois  |  

Thought Machine, a company that builds cloud-native tech for banks, has partnered with Google Cloud, according to a note from the company. As a Google Cloud partner Thought Machine will work closely with the Google Cloud team on new opportunities around the world. Thought Machine… Read More

October 10, 2019 @ 6:00 am By JD Alois  |  

UK-based Fintech Thought Machine has partnered with Swedish financial group SEB. The agreement will see SEB’s innovation studio SEBx deploy Thought Machine’s cloud-native banking platform, Vault. Though Machine has already secured partnerships with Atom bank, IBM and a major UK bank – last year securing… Read More

May 18, 2017 @ 4:59 am By Erin Hobey  |  

A large majority (75%) of anti-money laundering (AML) professionals believe the current geopolitical landscape presents new risks and challenges for preventing financial crime at their organisations, according to a joint survey by SWIFT and Dow Jones Risk & Compliance. To address these risks, more than half… Read More