Thought Machine has been recognised as a Leader in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking. The company was positioned as follows:
- North America: Highest for its Ability to Execute and recognised as a Visionary for Completeness of Vision.
- Europe: Highest for its Ability to Execute and recognised as a Visionary for Completeness of Vision.
Many Tier 1 banks worldwide, including JPMorgan Chase, Standard Chartered, Intesa Sanpaolo, SEB and Lloyds Bank, have selected Thought Machine to overhaul their existing technology stack. The company highlights its strong track record of successful deployments, prioritising go-live execution, operational excellence, and technological innovation in banking.
"We believe Vault Core is defining the future of banking with the world’s most advanced core banking platform—scalable, reliable, and powerful. This recognition, in our view, validates our vision,” said Paul Taylor, CEO and founder of Thought Machine.
“We see our success across Europe and North America as a testament to our growing global presence in banking technology. We are proud to have earned the trust of many of the world’s largest financial enterprises, and this is just the beginning of our journey.” Over the past year, Thought Machine has significantly enhanced Vault Core’s abilities, introducing enterprise-grade features strengthening its position as a trusted technology partner for the world’s leading financial institutions:
- Multi-entity support for seamless operations across product lines and geographies.
- Enhanced smart contract functionality with parameter-level control, enabling precise product customisation and automation.
- Sophisticated processing groups designed specifically for the complex requirements of Tier 1 banks.
An increasing number of Tier 1 banks are turning to Thought Machine as the future platform for their entire banking operations.
Read the full report here.