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Thought Machine builds cloud native technology to revolutionise banking.
Thought Machine provides turnkey software solution that can be used by the bank to avail the banking services. It holds facilities like banking operations, API Integration,workflow, customer data management services in its Software.
PRODUCTS & SERVICES
The company provides a software vault where it has thefoloowing banking serices - 1- Smart Contracts - it hold banking products, including current accounts, loans, savings, mortgages and credit cards. 2-Databases - It is ledger that stores every transaction and signed contract in a single place. 3-Workflows - It holds an operating model that can be built for KYC, fraud checking, payment processing. 4-Banking Operations Website - it handles all bank activity including servicing customers, product management, financial management, compliance. 5-Customer API, Website and Mobile App - It provides ful banking facility like transactions, payments,account management,KYC, change of address, bank communications and spending insights. 6-Customer Data Management - Operations staff can view customer activity, transactions and use of products. 7-Integrations - It holds the integration facility that can be connected to a bank's existing infrastructure or uses a range of third parties for KYC, cards, payments, fraud and credit risk. Along with this it had a Deploying Vault - 1- Cloud Native - It uses a microservice architecture that can be deploying large scale, secure, transactional systems as per the requirements. 2-Security - It uses Encryption, TLS, mutual authentication and network segregation to prevent malicious agents from stealing our clients' data. 3-Continuous Deployment - It holds a feature to trace of all changes going into the product and track the tickets, review them.
NUMBER OF EMPLOYEES
William Montgomery (CTO)
Peter Ebden (Chief Infrastructure Officer)
Matt Wilkins (COO)
Travers Clarke-Walker (Chief Sales & Marketing Officer)
Gemma Gardiner (CFO)
Mark Warrick (Chief Design Officer)
NUMBER OF FUNDING ROUNDS
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds to accelerate it's digital transformation. (Nov. 2018)
SEED CLOSED ON
SERIES A · $23.63 M · Nov 2018
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