The foundations of modern banking

Vault Core and Vault Payments are trusted by the world's leading banks. Core banking and payments technology built natively for the cloud.

A modern core banking and payments platform in the cloud

The Vault platform gives banks complete control to build and run any financial product or payment scheme they want. We designed both systems from scratch – giving our clients total choice, flexibility, and power.

A mobile phone showing Thought Machines Vault Core interface

Vault Core

Vault Core is our cloud-native core banking platform, built from scratch to run in the cloud. It is cloud agnostic, giving banks total flexibility to choose the hosting option and provider that best meets their needs.

Using Vault Core, banks can run any product they wish, allowing them to control and shape their strategy as they see fit. It can replicate a bank's existing back book of products and create entirely new ones, including current and savings accounts, credit cards, loans, and mortgages.

Banks have launched products from our Product Library, a catalogue of more than 200 preconfigured financial products, or built products themselves such as buy-now-pay-later offerings, a combined debit and credit card, offset mortgages and much more.

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Vault Payments

Vault Payments is our cloud-native payments processing platform designed to enable banks to run all payment types for every method, scheme, and region in the world.

Vault Payments 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.

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Features of the
Vault platform

Cloud native

We have developed Vault Core and Vault Payments from scratch; without a single line of legacy or pre-cloud code. The products run natively in the cloud – taking advantage of its unique features, including horizontal scaling, continuous deployment, high availability, and self-healing capabilities.

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Configurability

We designed Vault Core and Vault Payments for banks to build the technology stack they want and give them complete control. The platform is built with an API-first architecture, giving banks the power to connect to services and technologies from other vendors.

All product creation is done in Vault Core's configuration layer using our smart contracts system. A rich library of pre-integrated solutions and pre-configured smart contracts enables banks to go live quickly.

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Operational resilience

Banks can run any product, payment scheme, or type on a single platform with Vault Core and Vault Payments.

Our clients control the entire process. They can build, test, and launch any product they can imagine – without constraints or dependencies.

Banks can deploy the Vault platform on any cloud infrastructure provider. Our clients decide how and where they want to host their instances of Vault Core and Vault Payments. Both are also available as SaaS.

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Microservices architecture

The Vault platform's microservices architecture is built from the ground up to take full advantage of cloud-native computing, enabling banks to have an elastic, highly available and flexible core banking system, which scales depending on load.

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Trusted by

The world's leading banks trust and use our technology. Our global client list ranges from Tier 1 multinationals to smaller regional banks and fintech companies worldwide. Many of these banks are also our investors, including JPMorgan Chase, Lloyds Banking Group, ING, Standard Chartered, SEB, and Intesa Sanpaolo.

Read our case studies

PayU

Kiwi Bank

Intesa Sanpaolo

Lunar

Al Rajhi Bank

Company

We have an unrelenting commitment to product excellence at Thought Machine. Our world-class engineers apply themselves to developing core banking and payments technology that is truly unique in the scale of its ambition.

Many of our team come from leading technology companies and bring best practices in software design and building scalable cloud infrastructure. We are proud of our award-winning culture and high-performing, collaborative, and inclusive working environment.

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Two people walking together, smiling, through the hallway of the Thought Machine office

Thought Machine employees gathered around a table discussing a topic

A beautiful Cocker Spaniel dog in the Thought Machine office

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News and insights

Instant Payments: looking beyond real-time processing and ISO 20022

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Instant Payments: looking beyond real-time processing and ISO 20022

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Can you migrate in less than a year? Yes, under the right conditions.

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Core modernisation and ecosystem collaboration with Accenture

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Empowering our clients to accelerate their modernisation

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Money20/20 Banking Infrastructure Summit: What to expect with a core modernization program

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To be ISO 20022 ‘ready’ is not good enough

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Building a winning team with a strong culture

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Domain-driven design and the future of payments

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How does Vault Core compare to closed-box systems, and what does this mean for product development?

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Introducing our Enablement Portal – a complete resource for support, knowledge and training on the Vault platform

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The Integration Library: a growing collection of solutions with best-in-class technology vendors

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Building a bank on top of kubernetes

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From speech technology to banking

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Strategic partnership with Lloyds Banking Group

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Cloud computing will save banks billions. Here's how

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A demand for COBOL expertise underlines the fragility of critical infrastructure

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Why are cloud systems so much more reliable?

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Life may have slowed down but innovation doesn’t!

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Building a core banking system in a distributed environment

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Strengthening our commitment to cloud native design

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Modern core banking debunked

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Modern core banking debunked

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What defines a modern banking experience?

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Deliver modern customer experiences

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Decoupling the core from product configuration

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Turbocharging banking with real-time data

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What is cloud native, and how do we get there?

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The DNA of next-generation banking

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SEB Embedded goes live together with Thought Machine to drive BaaS innovation

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SEB Embedded goes live together with Thought Machine to drive BaaS innovation

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Afin Bank partners with Thought Machine to launch a new digital bank for Africans in the UK

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BCA Syariah partners with Thought Machine to modernise Islamic finance in Indonesia

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Judo Bank upgrades its lending business banking platform with Thought Machine technology

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Ethos partners with Thought Machine to pave the way for Shariah-compliant banking innovation

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Payset adopts the full Thought Machine cloud-native stack and signs for Vault Payments

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Mastercard and Thought Machine accelerate core banking capabilities, providing seamless payment experiences

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PayU's LazyPay partners with Thought Machine to shape the future of credit solutions in India

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Thought Machine partners with Form3 to bring real-time payment technology to the US and European markets

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Cordada partners with Thought Machine to close the funding gap for SMEs in Latin America

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Intesa Sanpaolo’s Isybank goes live on Thought Machine’s next-generation technology

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Jordan Ahli Bank Introduces Qawn, Jordan's Premier Social Payment App

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C6 Bank offsets more than 900 tonnes of carbon with new product running on Thought Machine’s technology

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Thought Machine to increase global headcount by more than 20% in next phase of growth plans

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HMBradley partners with Thought Machine to transform the future of banking

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Bpifrance selects Thought Machine to deliver the next-generation of finance to SMEs in France

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C6 Bank selects Vault Core to power the next phase of financial services innovation

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Trust Bank selects Thought Machine to power the first of Singapore’s new wave of digital banks

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Payset selects Thought Machine to bring next-generation financial services to UK and European markets

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UnionDigital Bank partners with Thought Machine to power its Digital Banking Platform

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The optimal solution to payment system architecture

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The optimal solution to payment system architecture

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Domain-driven design and the future of payments

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Transform banking. Transform core.

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The truth about cloud-native core banking

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