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Once, banks were pioneers in technology and to an extent, this is a root cause of their current problems: by being early, they never got the chance to start again with fresh thinking and new designs. Today they are crippled by dozens or hundreds of systems patched together.
The cost of legacy systems is astonishing. Tier 1 banks spend billions of dollars just to keep their systems working; many employ tens of thousands of developers. Only a move to the cloud and new technology can solve these problems.
Thought Machine was founded in 2014 to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry. We do this through our cloud-native core banking platform, Vault. This next-generation system has been written from scratch as an entirely cloud-native platform. It does not contain a single line of code, legacy or pre-cloud.
Founded by entrepreneur Paul Taylor, Thought Machine’s customers include JPMorgan Chase, Intesa Sanpaolo, Lloyds Banking Group, SEB, Standard Chartered, Atom bank, Monese and Curve. We are currently a team of more than 500 people spread across offices in London, New York, Sydney, and Singapore and have raised more than £110m in funding from Eurazeo Growth, Draper Esprit, SEB, British Patient Capital, IQ Capital, Playfair Capital, Lloyds Banking Group and Backed.
For more information, visit <a style="color: #4bbb87" title="http://thoughtmachine.net" href="http://thoughtmachine.net/" target="_blank" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=http://thoughtmachine.net/&amp;source=gmail&amp;ust=1605351289181000&amp;usg=AOvVaw22BM86nOS9S6tZM7ynU86S">thoughtmachine.net</a>.
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Thought Machine

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Once, banks were pioneers in technology and to an extent, this is a root cause of their current problems: by being early, they never got the chance to start again with fresh thinking and new designs. Today they are crippled by dozens or hundreds of systems patched together.
The cost of legacy systems is astonishing. Tier 1 banks spend billions of dollars just to keep their systems working; many employ tens of thousands of developers. Only a move to the cloud and new technology can solve these problems.
Thought Machine was founded in 2014 to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry. We do this through our cloud-native core banking platform, Vault. This next-generation system has been written from scratch as an entirely cloud-native platform. It does not contain a single line of code, legacy or pre-cloud.
Founded by entrepreneur Paul Taylor, Thought Machine’s customers include JPMorgan Chase, Intesa Sanpaolo, Lloyds Banking Group, SEB, Standard Chartered, Atom bank, Monese and Curve. We are currently a team of more than 500 people spread across offices in London, New York, Sydney, and Singapore and have raised more than £110m in funding from Eurazeo Growth, Draper Esprit, SEB, British Patient Capital, IQ Capital, Playfair Capital, Lloyds Banking Group and Backed.
For more information, visit <a style="color: #4bbb87" title="http://thoughtmachine.net" href="http://thoughtmachine.net/" target="_blank" rel="noopener noreferrer" data-saferedirecturl="https://www.google.com/url?q=http://thoughtmachine.net/&amp;source=gmail&amp;ust=1605351289181000&amp;usg=AOvVaw22BM86nOS9S6tZM7ynU86S">thoughtmachine.net</a>.
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Chief Financial Officer

Arnaud Attamian

Chief Operating Officer

Gareth Richardson

Chief Revenue Officer

Liam Leahy

General Counsel / Chief Legal Officer

Martin Cotterill

Chief People Officer

Matt Wilkins

Director of Risk & Compliance and Head of Government Affairs

Nitesh Palana is Thought Machine's Director of Risk and Compliance and Head of Government Affairs. In this role, he is responsible for professionalising the company and ensuring it meets its legal, regulatory and contractual requirements. Nitesh is also responsible for data protection, environmental, social, and governance (ESG), and relationships with regulators and policymakers.
Before working at Thought Machine, Nitesh worked in management consultancy, regulatory consultancy, regulation, public affairs, and politics. In his work with Innovate Finance, Nitesh leads Thought Machine's public policy objectives of ensuring there is a favourable ecosystem for UK Fintechs to grow and succeed.

Nitesh Palana

Founder and CEO, Thought Machine

Paul Taylor is the founder and CEO of Thought Machine, the leading cloud-native core banking and payments technology provider. Thought Machine is present in 26 countries with a client list of more than a dozen Tier 1 banks worldwide. 
Thought Machine is eradicating the outdated legacy technology prevalent in the banking industry. Its next-generation core platform enables banks to migrate away from old systems and launch highly differentiated, modern propositions.
Before founding Thought Machine, Paul successfully launched two companies, the second of which was acquired by Google in 2010. At Google, he led the text-to-speech team, which developed cutting-edge technology now found in all of Google's navigation and voice search products. Paul holds a PhD in AI and has held teaching positions at Edinburgh and Cambridge Universities.

Paul Taylor

Chief Technology Officer

Will Montgomery