Company: Thought Machine
Founder: Paul Taylor
The Business: Thought Machine was founded in 2014 with a mission to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry.
About Thought Machine
Thought Machine set out to build a technology stack which satisfied the main requirements for innovative and ambitious banks – a platform that is scalable, flexible and highly configurable. It comprises a system of smart contracts into the technology stack, allowing clients to deliver innovation in record time, with the platform entirely in the cloud meaning that it can be deployed through Google Cloud, Amazon Web Services, IBM Cloud or Microsoft Azure.
Founded by entrepreneur Paul Taylor, Thought Machine’s customers include Lloyds Bank, SEB, Standard Chartered and Atom Bank. We are currently a team of more than 300 people spread across offices in London and Singapore and have raised more than £80m in funding from Lloyds Banking Group, Draper Esprit, IQ Capital, Playfair Capital and Backed. The company is now delivering on its international expansion plans, building out its Singapore office to address the APAC market, while forming plans for North American expansion.