Tagged: paul taylor

Fintech Firm Thought Machine, a Core Banking Tech Provider, Secures $42 Million in Additional Capital as Part of $125 Million Series B

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

Cash Withdrawals Drop 60% in the UK Following Nationwide Lockdown Due to COVID-19 Outbreak

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

Digital Banking: Thought Machine Raises $83 Million in Series B Led by Draper Esprit

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

Thought Machine Banking Platform Partners with Google Cloud

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

Swedish Financial Group SEB and UK Fintech Thought Machine Form Partnership on Banking Platform

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

SWIFT & Dow Jones Risk & Compliance Publish RegTech Report (Infographic)

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

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