Sold by: Thought Machine
Deployed on AWS
Thought Machine builds the Vault platform, cloud-native core banking and payments technology enabling banks and fintechs to remain competitive and flourish into the future
Overview
Thought Machine has developed the foundations of modern banking with its cloud-native core banking and payments technology. Its cloud-native core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, Lloyds Banking Group, Standard Chartered, SEB, Zopa Bank, Atom bank, Shawbrook, and more.
Vault Core and Vault Payments have been written from scratch as entirely cloud-native technologies, giving banks full control to run any bank, product, and payment set to flourish in a rapidly changing world.
Thought Machine is a global team spread across offices in London, New York, Singapore, and Sydney and has raised more than £500m in funding.
For more information, visit thoughtmachine.net
Highlights
- Universal Product Engine providing the ability to create any product
- Ability to co-exist seamlessly with legacy cores
- Highly configurable, micro-services based architecture
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Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
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Dimension | Description | Cost/36 months |
|---|---|---|
Thought Machine Core Banking Platform (Global) | Platform Fee (Private Offers will be generated) | $0.001 |
Dimensions summary
This listing has one pricing dimension: a Platform Fee for the global core banking platform. Pricing is set through a private offer rather than a fixed public rate. You do not select from tiers or instance sizes here. Instead, you agree terms directly with the vendor, and they generate a custom offer for your bank. This contract-based model fits the platform's scope, since deployment can range from launching a new digital bank to migrating existing accounts. Final pricing reflects your specific deployment needs and is confirmed in the private offer.
Top-of-mind questions for buyers
The unit covers access to the core banking platform itself. You can deploy it to launch a new digital bank, run new products alongside an existing core, or migrate existing accounts. The fee reflects platform use rather than a per-user or per-server count.
The listing shows one Platform Fee dimension. Deployment can follow a self-service model using the vendor's SDK and training, or use the vendor's expert client services teams. Migration tooling and delivery partners exist to support account migration. Confirm which support is bundled when the private offer is generated.
The listing covers the core banking platform. The vendor offers a separate payments processing product that can run standalone or pre-integrated with the core. Since that payments product is not in this listing's pricing table, treat it as separate and confirm scope in the private offer.
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Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Resources
Vendor resources
Support
Vendor support
Email: partnerships@thoughtmachine.net
Thought Machine offers various levels of support to their customer depending on their requirements and complexities. The dedicated team includes a Client Success Manager, Technical Account Manager, Cloud Support Engineers and Client Engineers where required. Thought Machine provides 24/7 coverage and support in multiple languages
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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Thoughtworks offers a 4-6 week engagement to help banks deliver the first increment of working software in their modernization journey. This first release will be a minimum viable product that cuts across all essential layers of the banking platform. During this phase, Thoughtworks will align with all cross-functional teams in your organization that deliver banking products and services and lay out the foundational infrastructure to accelerate how you deliver future software releases. Thoughtworks will also collaborate with your IT organization to implement industry-leading practices for iterative software delivery, team engagement, delivery and governance.
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