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.

Thought Machine named Leader in the 2025 Gartner Magic Quadrant for Retail Core Banking Systems

Thought Machine has been recognised for Completeness of Vision and Ability to Execute in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems. We feel this recognition reflects the strides we've made as an organisation over the past few years and the continued evolution of our next-generation cloud-native core banking platform, Vault Core, trusted by banks worldwide.

Access your complimentary copy of the report to see our full recognition.

Thought Machine named Leader in the 2025 Gartner Magic Quadrant for Retail Core Banking Systems

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Thought Machine.

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

Lloyds Ba

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

Nikel

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.

Man smiling whilst working in the Thought Machine office

News and insights

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

Read this article

Modern core banking debunked

Watch on demand

Thought Machine named a Leader in the 2025 Gartner® Magic Quadrant™ Retail Core Banking; highest position for Ability to Execute

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The optimal solution to payment system architecture

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