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Together selects Thought Machine to modernise its core systems

By Joy Dumasia

March 15, 2022

  • Core
  • Core Processors
  • Core Systems

Thought Machine, HD BankTogether, one of the UK’s leading specialist mortgage and secured loan providers announces it has selected Thought Machine, the core banking technology company, to modernise its core systems. Thought Machine’s cloud-native platform, Vault, will be the foundation layer for Together’s new technology stack. 

Together is a specialist lender, offering a wide range of products, including personal, commercial and buy-to-let mortgages and secured loans. The firm is replacing their existing core systems with Vault as they roll out targeted products and features for their users, including homebuyers, property professionals and small businesses. 

Together, will start by migrating its existing accounts and products onto Vault. The firm will manage its workflows, products and services from one clear architecture improving operational resilience, efficiency, and product innovation. 

In addition to migrating existing functions, Together will use Vault to design new mortgage and loan features and deliver them into the hands of its customers. Vault’s Universal Product Engine will allow Together to design highly complex and personalised products using code and launch them with an accelerated speed-to-market.

Many of the world’s leading banks and FinTechs have selected Thought Machine to power their service. Clients include Tier 1 banks, JPMorgan Chase, Lloyds Banking Group, Standard Chartered and Intesa Sanpaolo, and some of the world’s leading FinTechs, including Atom Bank, Curve, Monese and TransferGo. Thought Machine has raised more than $340 million in funding.

Gerald Grimes, Group CEO Designate of Together, commented: “We aim to help increasing numbers of customers realise their ambitions by making finance work. As we continue to shape our business to deliver this aim, we need a highly-scalable and configurable core technology stack that helps us to deliver the right experience for our customers, frees our colleagues to do what they do best and enables us to grow rapidly and sustainably. Thought Machine’s team have proven to us that the design of their product will enable us to migrate existing products and configure entirely new ones with speed and agility.”

Paul Taylor, founder and CEO of Thought Machine, said: “At Thought Machine, we are proud to work with leading financial institutions that support end-users with sophisticated and useful products. Together has undoubtedly created a competitive niche in the value chain by creating real value for their customers. To this end, we are looking forward to working with Together to scale and expand their world-class mortgage and loans service.”

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