Thought Machine is a Media & Internet company. Thought Machine is a technology company that specializes in core banking software and cloud-native solutions. Their Vault platform provides banks with complete control to build and run any financial product or payment scheme they want, with features such as cloud-native design, configurability, and operational resilience. Thought Machine offers 2 products: Vault Core, Vault Payments.
Thought Machine is a technology company that provides cloud-native core banking and payments solutions, enabling banks to build and run any financial product or payment scheme they want. Their flagship products, Vault Core and Vault Payments, are designed to give banks complete control and flexibility in their operations.
Thought Machine is a technology company that specializes in core banking software and cloud-native solutions. Their Vault platform provides banks with complete control to build and run any financial product or payment scheme they want, with features such as cloud-native design, configurability, and operational resilience.
"The foundations of modern banking"
Thought Machine is a Media & Internet company serving global markets. Thought Machine is a technology company that specializes in core banking software and cloud-native solutions. Their Vault platform provides banks with complete control to build and run any financial product or payment scheme they want, with features such as cloud-native design, configurability, and operational resilience.
Niche
Media & Internet
2 products and services
Vault Core is a cloud-native core banking platform featuring a Universal Product Engine that enables banks to design, build, and...Vault Core is a cloud-native core banking platform featuring a Universal Product Engine that enables banks to design, build, and manage any financial product using smart contracts. It supports safe migration from legacy platforms, real-time data management, and flexible deployment options.
Vault Payments is a cloud-native payments processing platform that enables any bank to run all payment types for every method,...Vault Payments is a cloud-native payments processing platform that enables any bank to run all payment types for every method, scheme, and region in the world. It seamlessly and dynamically embeds new and existing financial products into the payment platform while granting clients complete control over the payment’s life cycle. Vault Payments launched with card issuing and processing support on the Mastercard network. Support for additional card and account-to-account payment schemes is being added continuously.
Enriched company details and information
The foundations of modern banking
Thought Machine is a technology company that provides cloud-native core banking and payments solutions, enabling banks to build and run any financial product or payment scheme they want. Their flagship products, Vault Core and Vault Payments, are designed to give banks complete control and flexibility in their operations.
They provide cloud-native core banking and payments technology solutions for banks.
They serve banks and financial institutions globally, including Tier 1 multinationals and smaller regional banks.
The Vault platform is built with an API-first architecture, allowing banks to connect to services and technologies from other vendors.
Lloyds Banking Group
JPMorgan Chase
Thought Machine named Leader in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems. Thought Machine has been recognised for Completeness of Vision and Ability to Execute in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems. We feel this recognition reflects the strides we've made as an organisation over the past few years and the continued evolution of our next-generation cloud-native core banking platform, Vault Core, trusted by banks worldwide.
Customer: General Bank of Canada
General Bank of Canada partners with Thought Machine to modernize their banking infrastructure.
View Case Study"Thought Machine's technology has transformed our banking operations."
CEO of a leading bank - CEO
Detailed information about Thought Machine's products and services. Each offering is enriched with AI-powered insights to help you understand capabilities, features, and use cases.
Vault Core provides banks with a flexible, cloud-native core banking system that allows for the creation, simulation, and management of any financial product using smart contracts. It includes a real-time ledger, a comprehensive product library, and a suite of APIs for integration and migration.
Added
Vault Core is a cloud-native core banking platform featuring a Universal Product Engine that enables banks to design, build, and manage any financial product using smart contracts. It supports safe migration from legacy platforms, real-time data management, and flexible deployment options.
Vault Core provides banks with a flexible, cloud-native core banking system that allows for the creation, simulation, and management of any financial product using smart contracts. It includes a real-time ledger, a comprehensive product library, and a suite of APIs for integration and migration.
Universal Product Engine provides unique flexibility and control in the design and build of new financial products by using smart contracts. Any product can be manufactured, from new innovative products, such as multi-currency accounts or bundled products, to replicating back book products created on legacy platforms. Enables safe migration of customers onto Vault Core from legacy platforms without disrupting their existing product set.
Smart contracts use developer-friendly code to build any financial product. They give banks complete control over product logic, providing flexibility and power in the design and build of new innovative products and replicating their existing back book. All financial product creation and changes are abstracted away from the platform via a configuration layer.
Vault Core comes with a full array of financial products already built, including market-standard products and innovative offerings. Supports Islamic banking and is shipped with a suite of base smart contracts. Product Library supports more than 30 countries.
Banks can simulate the performance of any financial product before launch. Simulation allows banks and customers to see product behavior over its lifetime, accessible via the Core API.
SDK allows banks to build, test, and manage their product portfolio with an excellent developer experience. Enables rapid product launch and maintenance.
Vault Core's real-time Ledger gives banks complete control over data management. Strict separation between smart contract configuration and ledger. Supports any bank and product on a single ledger. All data is transmitted in and out in real time, providing rich data streaming for AI and reporting.
All functionality and data are exposed through standard APIs for control, granularity, real-time access, and integration.
Vault Core is cloud-native and can be deployed in the cloud provider of the bank's choice. Offers SaaS, bank-hosted (public, private, hybrid), and private cloud deployments.
Vault Payments is a cloud-native platform for banks and fintechs to process all payment types, methods, and schemes globally. It offers dynamic configuration, real-time processing, and integration with both legacy and modern core banking systems. The platform supports card issuing and processing (initially Mastercard, with Visa and others to follow), virtual/physical/tokenised cards, and real-time/instant payments. It provides a single configuration framework, dynamic account routing, and a universal payments engine with ISO 20022 native messaging.
Added
Vault Payments is a cloud-native payments processing platform that enables any bank to run all payment types for every method, scheme, and region in the world. It seamlessly and dynamically embeds new and existing financial products into the payment platform while granting clients complete control over the payment’s life cycle. Vault Payments launched with card issuing and processing support on the Mastercard network. Support for additional card and account-to-account payment schemes is being added continuously.
Vault Payments is a cloud-native platform for banks and fintechs to process all payment types, methods, and schemes globally. It offers dynamic configuration, real-time processing, and integration with both legacy and modern core banking systems. The platform supports card issuing and processing (initially Mastercard, with Visa and others to follow), virtual/physical/tokenised cards, and real-time/instant payments. It provides a single configuration framework, dynamic account routing, and a universal payments engine with ISO 20022 native messaging.
Vault Payments is a cloud-native payments processing platform that enables any bank to run all payment types for every method, scheme, and region in the world. It seamlessly and dynamically embeds new and existing financial products into the payment platform while granting clients complete control over the payment’s life cycle. Vault Payments launched with card issuing and processing support on the Mastercard network. Support for additional card and account-to-account payment schemes is being added continuously.
Vault Payments' configuration framework delivers unparalleled interoperability and accommodates a wide variety of global payments and card schemes. Its powerful configuration layer is logically separate from platform code, allowing clients to build bespoke payment flows and implement rules-based payment controls. Clients can use pre-built building blocks or write custom logic to suit their needs, and define rules on any aspect of the payment.
Vault Payments’ payment routing functionality decouples the payment instrument from the funding source, enabling end-to-end routing to relevant accounts without legacy hub systems. Intelligent, rule-based routing can be applied to choose the correct payment flow, scheme, and core banking system.
Vault Payments provides card issuing and processing support on the Mastercard network and will support Visa and other card networks over time. The platform supports virtual, physical, and tokenised cards, and provisioning to Apple Pay and Google Pay. Integrates with strong customer authentication, card manufacturing, and BIN sponsorship.
Vault Payments is available as a standalone product or pre-integrated with Vault Core. Works seamlessly with Vault Core and its smart contracts, enabling creation of products leveraging cards, payments, and ledger capabilities.
Vault Payments maximises straight-through-processing by automated decisioning and intelligent transaction matching. Provides a user-friendly UI with real-time data and full text search. Supports real-time repair and investigation of payments.
Allows banks to process all payments through a single platform, with observability and manual investigations managed in a single application. Payment information and events are streamed out in real time. Payments are natively represented as ISO 20022 messages.
Customers can have outbound payments dynamically routed in real time via different schemes and inbound payments routed to different accounts. Enables linking a single payment card to multiple account types.
Vault Payments supports instant payments and ISO 20022, enabling use cases like FedNow (USA), NPA (UK), and SEPA Instant (EU). Every system element is architected for 24/7/365 real-time processing.
New scheme rules can be rolled out across all relevant flows, reducing investment in compliance. Banks can add new payment schemes or types and create dedicated flows.
Vault Payments can integrate with any core banking system and dynamically route to any core based on rules. All data is streamed out in real time and accessible via RESTful or streaming APIs.
Using Vault Core and Vault Payments together gives banks end-to-end support for banking products, best-in-class cloud-native software, the ability to launch innovative features, and real-time data streaming for customer personalisation.
An example of a routing flow