Thought Machine Vault Core

Spec sheet

What it does

Vault Core is Thought Machine's cloud-native core-banking platform for building and operating banking products.Read 15 Oct 2026 · thoughtmachine.net

Purpose

Vault Core is a cloud-native core banking platform for replacing legacy banking infrastructure.Read 2 Oct 2026 · thoughtmachine.net

Deployment

Vault is offered through public, private, or hybrid cloud models and described as cloud agnostic.Read 2 Oct 2026 · thoughtmachine.net

Integrations

Thought Machine says its ecosystem includes more than 50 platforms and innovators, including technology providers, cloud platforms, and system integrators.Read 2 Oct 2026 · thoughtmachine.net

Headquarters

The company lists London as its headquarters, at 7 Herbrand St, London WC1N 1EX, United Kingdom.Read 2 Oct 2026 · thoughtmachine.net

Founded

2014Read 28 Sep 2026 · thoughtmachine.net

API and streaming

Vault Core exposes RESTful and gRPC interfaces for synchronous work and Apache Kafka for streaming and asynchronous integration.Read 15 Oct 2026 · info.thoughtmachine.net

API coverage

Celent reports that all Vault Core data is exposed through APIs, while direct underlying-database access is unsupported.Read 15 Oct 2026 · info.thoughtmachine.net

API stability

The API has a deprecation and breaking-change policy, with major deprecations communicated through customer advisories.Read 15 Oct 2026 · info.thoughtmachine.net

Cards and BNPL

Credit cards and buy-now-pay-later products are listed as supported product types.Read 15 Oct 2026 · thoughtmachine.net

Company founded

Thought Machine was founded in 2014.Read 15 Oct 2026 · linkedin.com

Company headquarters

LinkedIn lists London, England as headquarters, with company offices in New York and Singapore.Read 15 Oct 2026 · linkedin.com

Company history

Thought Machine says it was founded in London in 2014.Read 2 Oct 2026 · thoughtmachine.net

Company legal name

Crunchbase lists the legal entity as Thought Machine Group Limited.Read 15 Oct 2026 · crunchbase.com

Company size

LinkedIn lists Thought Machine in the 501–1,000 employee range.Read 15 Oct 2026 · linkedin.com

Current accounts

The product portfolio includes current and transaction accounts.Read 15 Oct 2026 · thoughtmachine.net

Deployment choices

Vault Core can run as SaaS or in public, private or hybrid environments, including AWS, Azure, Google Cloud, IBM Cloud and Red Hat OpenShift.Read 15 Oct 2026 · thoughtmachine.net

Documentation and support

The vendor's Enablement Portal provides client and partner knowledge, training and self-management resources.Read 15 Oct 2026 · thoughtmachine.net

Founders and investors

Crunchbase identifies Paul Taylor and Andrew Tarver as founders and lists 17 investors, including Eurazeo and Lloyds Banking Group.Read 15 Oct 2026 · crunchbase.com

Independent technical summary

Vacuumlabs describes Vault Core as a ledger-focused engine with Python contracts, real-time event streams, REST interfaces and cloud or on-premises deployment.Read 15 Oct 2026 · vacuumlabs.com

Integration access

The partner programme offers sandbox environments, developer resources, API documentation, and access to engineering and architecture teams.Read 2 Oct 2026 · thoughtmachine.net

Intended customers

The company identifies global and national banks, mid-size and regional banks, fintechs, and digital banks as audiences it serves.Read 2 Oct 2026 · thoughtmachine.net

Ledger architecture

Vault Core keeps data unified on one ledger and separates product logic from core capabilities and cloud infrastructure.Read 2 Oct 2026 · thoughtmachine.net

Licence

Celent lists subscription, enterprise, perpetual and term licensing models for Vault Core, indicating a commercially licensed product rather than an open-source release.Read 15 Oct 2026 · info.thoughtmachine.net

Limit: implementation expertise

The Core Banking Radar says successful deployment requires strong bank or provider IT architecture knowledge and provider-management responsibility.Read 15 Oct 2026 · cc-bei.news

Limit: integration complexity

The same independent assessment warns that a best-of-breed integration approach can initially increase complexity and operating costs without early architecture involvement.Read 15 Oct 2026 · cc-bei.news

Loans and mortgages

The platform includes lending and mortgage product support.Read 15 Oct 2026 · thoughtmachine.net

Migration options

The listed adoption models are coexistence with existing architecture, replatforming, and greenfield deployment.Read 2 Oct 2026 · thoughtmachine.net

Notable news: revenue milestone

Thought Machine's company history says it surpassed $100 million in annual revenue and reached 59% ARR growth in 2026.Read 15 Oct 2026 · thoughtmachine.net

Notable news: SEB Embedded

Thought Machine announced on November 13, 2024 that SEB Embedded launched a Hemköp banking service on Vault Core in under 10 months.Read 15 Oct 2026 · thoughtmachine.net

Praise: flexibility

The independent Core Banking Radar highlights product flexibility, open APIs, smart contracts and continuous real-time processing.Read 15 Oct 2026 · cc-bei.news

Praise: partnership

A Gartner reviewer described Thought Machine as collaborative, responsive and pleasant to work with.Read 15 Oct 2026 · gartner.com

Product configuration

Programmable smart contracts let teams build, test, and launch financial products.Read 2 Oct 2026 · thoughtmachine.net

Product library

Clients receive a library of prebuilt contracts covering accounts, deposits, credit, wallets and Shariah-compliant products.Read 15 Oct 2026 · thoughtmachine.net

Products

The platform supports current and transaction accounts, savings and term deposits, loans and mortgages, credit cards, wallets, and rewards programmes.Read 2 Oct 2026 · thoughtmachine.net

Rating on Capterra

4.8 out of 5 from 6 reviewsRead 15 Oct 2026 · capterra.com

Rating on Gartner Peer Insights

4.7 out of 5 from 10 ratingsRead 15 Oct 2026 · gartner.com

Rating on GetApp

4.8 out of 5 from 6 reviewsRead 15 Oct 2026 · getapp.com

Rating on Software Advice

4.8 out of 5 from 6 reviewsRead 15 Oct 2026 · softwareadvice.com

Real-time operation

The company describes Vault Core as AI-native, with event-driven data streaming, multi-region concurrency, and ultra-low latency.Read 2 Oct 2026 · thoughtmachine.net

Resilience

Thought Machine describes Vault Core as designed for 24/7 availability, fault tolerance, and zero scheduled downtime.Read 2 Oct 2026 · thoughtmachine.net

Rewards

The platform has a rewards and loyalty product capability with points, cashback, tiers and configurable promotions.Read 15 Oct 2026 · thoughtmachine.net

Runtime model

Celent describes Vault Core as real-time and event-driven, designed to operate continuously without forced batch processing.Read 15 Oct 2026 · info.thoughtmachine.net

Savings and deposits

Vault Core supports savings accounts and term deposits.Read 15 Oct 2026 · thoughtmachine.net

SDK

Thought Machine provides a smart-contract software development kit and end-to-end product documentation.Read 15 Oct 2026 · thoughtmachine.net

Security and residency

The product page says its multi-cloud deployment supports data residency compliance.Read 2 Oct 2026 · thoughtmachine.net

Security and resilience

Thought Machine states that Vault Core provides fault tolerance, zero scheduled downtime and data-residency compliance across multi-cloud deployments.Read 15 Oct 2026 · thoughtmachine.net

Self-hosting

The product supports deployment in a bank's chosen cloud, on premises or in a hybrid OpenShift environment.Read 15 Oct 2026 · thoughtmachine.net

Smart contracts

Banks define product behavior with Python-based smart contracts in a configuration layer separate from the platform code.Read 15 Oct 2026 · thoughtmachine.net

System technologies

Celent lists PostgreSQL and CockroachDB support and identifies Go, Python, TypeScript, Java and JavaScript in the code base.Read 15 Oct 2026 · info.thoughtmachine.net

Unified ledger

The architecture keeps banking data on one ledger while separating product logic from core capabilities and cloud infrastructure.Read 15 Oct 2026 · thoughtmachine.net

Wallets

Wallet and multi-currency products are listed among Vault Core solutions.Read 15 Oct 2026 · thoughtmachine.net

Plans and prices

Every Thought Machine Vault Core plan and price →

Where Specifiction places it

• Banking Systems#8 of 207.5
• Core Banking Software#11 of 247.5