Tagged: thought machine

Fintech Platform HMBradley Partners with Thought Machine, a Banking Tech Provider

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

Banking Tech Firm Thought Machine to Increase Headcount by Over 20%

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

Bpifrance Selects Thought Machine to Help Provide Financing to SMEs in France

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

Brazil: C6 Bank Chooses Thought Machine for Digital Banking Tech

C6 Bank in Brazil has selected UK-based Thought Machine to power its core banking tech stack. C6 Bank is a full-stack bank for both businesses and individuals, serving more than 20 million customers. C6 Bank will leverage Thought Machine’s “Vault Core” to create and launch… Read More

Thought Machine, Trade Ledger Provide Cloud-Native Infrastructure for Corporate Lenders

Trade Ledger, the data-driven lending technology provider, has partnered with Thought Machine, the cloud-native banking technology company and developer of core banking engine Vault Core, “to provide a fully integrated technology stack for commercial lenders and banks.” API-driven data exchange between the two companies will… Read More

Thought Machine Introduces Vault Payments: A Cloud-Native Cards, Payment Processing Platform

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

M1 Selects Thought Machine to Power The Finance Super App

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

UK’s Thought Machine Secures $160M via Series D, Doubling Valuation to $2.7B

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

Digital Transformation: Thought Machine and HDBank to Enhance Financial Services and Banking Sector in Vietnam

On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

Intesa Sanpaolo Invests £40M into Thought Machine, Chooses Vault to Support Virtual Banking Services

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

Digital Banking: Al Rajhi Bank Malaysia Chooses Thought Machine to Build Islamic Virtual Bank

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

UK based Thought Machine Finalizes $200M Series C Round at $1B+ Valuation

Cloud-native core banking solution provider, Thought Machine, has reportedly reached Unicorn status (valued at $1 billion+) following a $200 million Series C round that was joined by the investment divisions of some of its major banking clients, such as JPMorgan Chase, ING and Standard Chartered…. Read More

Thought Machine, a Cloud Native Tech Provider for Banks, Integrates Fintech Wise’s Money Transfer Platform

Thought Machine, a company that builds Cloud-native technology for banks, has reportedly integrated Wise‘s (formerly doing business as TransferWise) global money transfer platform into its core banking engine, Vault. The integration should allow Thought Machine‘s banking and Fintech clients the option to use Wise’s fast… Read More

Fintech Investors Take a Look at B2B’s Future During UK Fintech Week 2021

Fintech

    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

VC Funding for Fintechs Is Down, but Large Banks are “Quietly” Investing in Financial Tech Startups: Report

Venture capital funding for Fintech firms is down, however, large banks are “quietly” investing in startups, according to a report published by S&P Global Market Intelligence. VC funding available for Fintech companies may have declined due to the COVID-19 pandemic, however, established European banks are… Read More

Curve Credit to be Powered by Thought Machine’s Online Lending Tech

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

Monese to Adopt Thought Machine’s Core Banking Platform Vault

  Pan-European banking service Monese announced on Monday it will adopt Thought Machine’s cloud-native core banking platform, Vault. Monese reported it will migrate its existing customer base onto the Vault platform, as it focuses on strengthening the company’s core technology platform and its banking infrastructure…. Read More

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

Fintech Funding in the UK Declines During H1 2020, but Challengers Revolut, Starling Bank, Checkout.com, Onfido Close Mega $100 Million+ Rounds

Investment in the United Kingdom’s Fintech industry reportedly slowed down by over a third during H1 2020, as many investors appear to be holding on to cash due to the economic uncertainty created by COVID-19. Despite the slowdown, investment levels still managed to gain 22%… Read More

Thought Machine’s Core Banking Platform Vault Now Runs on Every Major Cloud Infrastructure

Thought Machine, a company that builds cloud-native tech for banks, announced on Monday its core banking platform Vault now runs on every major cloud infrastructure provider including Google Cloud Platform, Amazon Web Services, Microsoft Azure, and IBM Cloud. Founded in 2014, Thought Machine is the… Read More

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