Thought Machine

What comes after Instant Payments? It's not just about sending and receiving payments; it's also about the additional services and the regulatory requirements for compliance. As Instant Payments grow beyond peer-to-peer transactions, banks must balance the urgency of immediate compliance with a strategic, long-term approach that supports future services. Read more in this blog by our Product Manager, Payments, Yoav Ash, here: https://lnkd.in/dDisSZUW #instantpayments #payments #cloudnative #ISO20022

GFT Technologies has built the GenAI Intelligent Assistant using Google Vertex AI connected to Thought Machine's Vault Core. A conversational interface using large language models that allows a bank's customers to phrase questions naturally to their bank and receive meaningful responses in return. A next-generation interface for retail banks, find out more here: https://lnkd.in/dwrKR3sD

We took home the 'Best Core Banking' award! 🏆 And a big congratulations to all the winners and nominees from FinTech Futures 25th anniversary of the Banking Tech Awards. We're proud of all the great work our team has achieved this year, continuing to develop our game-changing core banking and payments platforms—and even more clients going live and at scale!

Our partner Virtusa is hosting a webinar on December 10 to discuss what it means to deploy truly cloud-native core banking software, including how to migrate and integrate, considerations before a modernisation, and Lighthouse Credit Union's real-world perspective. You'll also hear from our MD of Product, Kerry Harrison and Virtusa's Global Head of Banking and FS Amit Bhute. Register here: https://lnkd.in/e2JsQHrR

Today's payment systems are outdated, siloed, and inflexible. They handle each payment type separately, forcing banks to follow their vendor’s roadmap. But what if your system could evolve with tomorrow's demands––without limitations? At Thought Machine, we don’t just build for today; we build for tomorrow. Unlike other systems, Vault Payments manages all payment types, methods and schemes in one highly configurable platform—today and in the future. Don't just take our word for it. A Head of Architecture at a leading bank put it best: "With this level of configurability and power, I'll never have to say 'no' to business demands again." Ready to break free from your current system's limitations? Watch our experts, Piotr and Joshua, outline what an optimal payment system should look like. Full episode here: https://lnkd.in/emhnSiWs

Paul Taylor joined the Culture15 podcast to share his views and career journey—from academia to founding Thought Machine. Paul reflected on his time as a technical lead at Google, his experience building two other tech companies, and his unique perspective on AI as a Cambridge lecturer. Key takeaways on building an exceptional company culture: 👉 Drawing inspiration from Google's excellence, we set high standards in everything we do––even for the simplest tasks. 👉 We prioritise clear, actionable principles over vague values. 👉 We cultivate a culture of debate and a bias for action, driving meritocracy. 👉 A strong culture is not just for leadership; it must be embraced by everyone in the organisation. Listen to the full episode here: https://shorturl.at/9sSlE

At the Islamic Finance News KSA Dialogues, our EMEA Managing Director, Alex Menage, joined Ben Harvey, Group Chief Product and Operations Officer at Vemi Ventures, to discuss Saudi Arabia’s evolving financial ecosystem. They shared research highlighting Saudi Arabia’s rise as a regional fintech leader, driven by Vision 2030 and growing SME demand for personalised, Shariah-compliant digital banking. They stressed the importance of traditional banks adopting cloud-native technology to stay competitive and innovate, while fintechs must address trust challenges due to the lack of physical branches. We thank our client Vemi for the opportunity to speak and proudly support their mission to deliver innovative Shariah-compliant financial solutions in the UK and beyond. Read more about our insights in the article, here: https://lnkd.in/ezrsWCUf

Last week, we hosted a Future of Payments evening in Amsterdam, in collaboration with our strategic partner, Mastercard. The event took place on the eve of MoneyLIVE Payments Europe, in the iconic art deco setting of Soho House Amsterdam. Thought Machine’s Randolph (Randy) McFarlane and Christian Rau from Mastercard welcomed guests over signature Picante cocktails and classic Cecconi bites. Together, they shared valuable insights into why Thought Machine was selected as Mastercard’s sole strategic end-to-end core banking partner and how we aim to deliver next-generation technology solutions to the world’s most ambitious banks. Thank you to our guests for joining us in Amsterdam, and to the Mastercard team for your ongoing support. 

London Venture Capital Network is thrilled to announce that Paul Taylor, CEO and Founder of Thought Machine, will deliver the keynote address at this year’s Venture Capital Winter Ball. Paul founded Thought Machine in 2014 with a mission to revolutionise the outdated banking systems holding millions of users back. As a serial entrepreneur and tech visionary, Paul’s expertise spans speech technology, machine learning, and natural language processing. Before Thought Machine, Paul led the text-to-speech team at Google, creating the voice technology behind Google Maps, Google Now, and accessibility features. He joined Google following the acquisition of Phonetic Arts, a company he co-founded to deliver groundbreaking speech technology for the gaming industry. Prior to that, he was co-founder and CTO of Rhetorical Systems, which was later acquired by Nuance. Join us on Thursday, 5 December 2024, at The Royal Horseguards Hotel for the most glamorous evening in venture capital. With 30+ family offices, 150+ investors, and 200+ startups, this is your opportunity to connect with industry leaders and hear from one of the most inspiring innovators of our time. Secure your tickets now: https://lu.ma/vcwinterball #VCWinterBall #LondonNetworking #VentureCapital #Innovation #Fintech #ThoughtLeadership #StartupEcosystem

Great news: our partner, JPMorganChase/Chase UK, is rolling out its first credit card offering in the UK! The product is being offered to an initial pool of 25,000 customers in the UK, and the bank has attracted more than two million customers since its launch. Find out more in this Financial Times article by Akila Quinio and Joshua Franklin: https://lnkd.in/eaTy8ng4