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Deutsche Bank signs decade-long Vault Core agreement
Deutsche Bank selected Vault Core for banking and lending products in its German retail and wealth units. Testing is planned for 2026, followed by phased migrations from 2027.
Thought Machine secures £30m from a new bank investor
A May 2026 transaction provided £9m in convertible loan notes and funded a £21m secondary sale of employee share options. The unnamed investor is reportedly a tier-one bank and client.
Revenue rises 57% as Thought Machine narrows its losses
2025 revenue reached £74.8m, up from £47.6m. Operating losses fell to £42m from £69.4m, while the company reported positive free cash flow in the second half.
Thought Machine creates CPO role and appoints a new CTO
Former CTO William Montgomery became Thought Machine's inaugural chief product officer. Vault Core engineering leader Giovanni Marescalchi was appointed chief technology officer.
AI Generated Insights
Own the end‑to‑end sales process for Tier 1 banks in APAC, crafting proposals, building executive relationships, and generating a pipeline to exceed licensing and services targets.
A Mandarin, Cantonese or Bahasa‑speaking sales leader with deep experience selling complex enterprise software to Tier 1 banks and a proven record of navigating large‑bank stakeholder structures.
Winning new APAC bank accounts fuels Thought Machine’s mission to replace legacy banking tech, driving growth and reinforcing its position as a leading cloud‑native core banking provider.
Ambitious, energetic professionals who thrive on high‑stakes enterprise sales, aim for senior leadership, and enjoy working cross‑functionally with product and strategy teams.
Thought Machine's mission is bold – to properly and permanently rid the world's banks of legacy technology. To achieve this, we have developed the foundations of modern banking through core and payments technology which run natively in the cloud. What we are attempting is hard and means we need great people working together to build great technology.
We have grown rapidly in the past few years – growing our team to more than 550 individuals across offices in London, New York, Singapore, Sydney and our newly established Engineering Hub in Lisbon. We have raised more than £500m in funding and our investors include Molten Ventures, Eurazeo, Intesa Sanpaolo, Temasek, Nyca Partners, JPMorgan Chase Strategic Investments, Standard Chartered Ventures, and more.
We have created a culture that enables our team to produce the best work in the industry while ensuring we have fun along the way. We're regularly cited as having a fantastic workplace culture and have been recognised by Sifted magazine as having one of the highest Glassdoor ratings for a UK fintech company and the industry's most generous employee share package. Named one of the world's most innovative fintechs by Global Finance Magazine, we were also recognised by the Financial Times as one of Europe's fastest-growing companies for two consecutive years—and a UK Best Employer for 2026.
Thought Machine is building the next generation infrastructure for the world's largest banks. Our core banking and payments platforms are widely acknowledged as being far ahead of the competition and being a main driver of IT in the Tier 1 banks and Thought Machine already counts many of those banks among its customer base.
We are looking to expand our sales team by hiring a Sales Director. In this role you will have exclusive focus on winning new business from the largest banks in APAC. You will work with a dedicated team across the rest of the company to land these banks and set each up for long term success with Thought Machine.
We actively hire candidates who demonstrate technical excellence in their field and welcome people of all ages and backgrounds, providing everyone with equal access to professional development. You are encouraged to apply even if your experience doesn't accurately match the job description. We also encourage applications from those with different abilities, including candidates with ADHD, autism, dyslexia or dyspraxia.