Thought Machine in the news

Deutsche Bank's Private Bank selected Thought Machine's Vault Core to modernize its core banking systems in Germany, aiming to consolidate platforms and accelerate product delivery.

Deutsche Bank is modernizing its German retail banking core systems with Thought Machine's cloud-native Vault Core platform, with a phased rollout beginning in 2027.

Deutsche Bank's private bank is adopting Thought Machine's cloud-based core banking platform, Vault Core, as part of a 10-year deal to modernize its technology infrastructure and reduce fragmented legacy systems.

Deutsche Bank's Private Bank is overhauling its core banking system in Germany with Thought Machine's cloud-native platform, Vault Core, to modernize technology and streamline operations.

Deutsche Bank's Private Bank is modernizing its core banking infrastructure by selecting Thought Machine's cloud-native Vault Core platform for its German operations.

Thought Machine secured $41 million in funding and exceeded $100 million in revenue, bolstering its R&D, global expansion, and hiring plans.

Thought Machine surpassed $100 million in revenue, secured £75 million in new funding, and is expanding globally, though an IPO is at least two years away.

Thought Machine achieved $100 million in annual revenue, raised £30 million from a client bank, and postponed its IPO to 2028 while prioritizing commercial success over valuation.

Thought Machine secured £30 million from a Tier 1 bank, raised £51 million from existing shareholders, and plans to invest in headcount and AI, while significantly growing revenue and reducing losses.

US Senate Federal Credit Union is replacing its legacy banking infrastructure with Thought Machine's cloud-native core platform to enable real-time processing and consolidated operations.

US Senate Federal Credit Union is deploying the Vault platform to modernize its core banking and payment infrastructure.

A cloud-native core banking platform that has raised $706M from major global financial institutions and institutional investors.

US Senate Federal Credit Union is migrating its core banking and payment systems to Thought Machine's Vault platform to enable real-time processing and faster product innovation.

Modern banking automation and AI implementation risk creating 'empty raincoats' where efficiency and processes survive but human purpose and empathy are lost.

Zigi has deployed Thought Machine's Vault Core platform to power its white-label lending services and process 50,000 monthly credit disbursements.

A cloud-native core banking platform that enables financial institutions to scale sophisticated products using Vault OS.

General Bank of Canada is adopting the Vault Core platform to modernize its infrastructure and scale its B2B2C financial product offerings.

Thought Machine recently raised £45m to fund product development despite flat revenues and widening annual losses of £69.3m.

London fintech Thought Machine raised £45m from existing backers amid widening annual losses and a reduction in headcount.

Shawbrook Bank has integrated Thought Machine's Vault Core to power its new buy-to-let mortgage products and scale its SME lending operations.