Thought Machine Group Limited

thoughtmachine.net · Londonderry County Borough, United Kingdom

Thought Machine is a financial technology company that provides cloud-native core banking and payments platforms to banks and fintechs. Its software enables institutions to modernize legacy core systems, design configurable products, and run scalable, real-time banking services. The company generates revenue through software licensing, SaaS subscriptions, and implementation and support services for financial institutions globally.

  • Banking & Lending Software
  • Cloud Infrastructure & Hosting
  • IT Consulting & Implementation
Revenue
$120.0M
Employees
650
Founded
2014
Headquarters
Londonderry County Borough, United Kingdom

What 23 Arbolus experts think of Thought Machine Group Limited

NPS scores are generally positive, clustered between 7 and 10, with several experts rating 9 or 10. Renewal intent is mixed: about 40% commit to renewal, another 40% are unsure, and a minority signal non-renewal or offboarding mainly at pilot or early implementation stages. Most long-tenure (>1 year) customers express strong stickiness due to the platform’s technical strengths. However, recurring feedback highlights caution about vendor maturity, product breadth, and regional ecosystem depth. Overall Customer Sentiment: Positive

Who reviewed Thought Machine Group Limited

Total customers 23 21 current · 2 former
Reviews growth +11 in six months
Seniority of respondents
  • C-Suite 70% (16)
  • Director 26% (6)
  • Manager 4% (1)
Executive C-Suite NPS 9 Undecided
Engineering Leader C-Suite NPS 7 Will renew
Executive C-Suite NPS 10

Employer names and spend open in the full report, along with the other 20 customers.

Everything 23 customers told us about Thought Machine Group Limited.

Employer names, spend, renewal intent and every written answer behind the numbers on this page.

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Sentiment

26 Net Promoter Score, from 23 scored reviews
  • Promoters 9
  • Passives 11
  • Detractors 3

Cumulative NPS by month

+0 over 6 months
  • Mar 8
  • Apr 8
  • May 8
  • Jun 8
  • Jul 8
  • Sep 8

Net Promoter Score across 4 reviews, accumulated up to each month. Category median 26 across 4 companies.

Praised

  • Strengthen Regional Support
  • Utilize AI for Migration
  • Expand Functional Coverage
  • Adoption by Leading Banks

Criticised

  • Concerns About Vendor Maturity
  • Thin Regional Ecosystem
  • Gaps in Product Scope
  • Implementation Risk From Ownership Changes

What customers say

Adoption by Leading Banks
“The fact that institutions like JPMorgan Chase and Lloyds Banking Group have committed to Thought Machine validates the platform's credibility.”
Rapid Product Innovation
“We can define and launch any banking product using Python smart contracts in days, dramatically increasing our innovation speed and flexibility.”
Unmatched Architecture Integrity
“I am convinced Vault offers the strongest architectural foundation, as it's built from scratch with no technical debt and full focus on modern banking needs.”

Renewal intent

Plan to renew 41%
  • Will renew 7
  • Undecided 9
  • Not renewing 1

Plan to renew, by seniority

  • C-Suite 43% 14 answers
  • Director 33% 3 answers
  • 8.3/10 Average score from customers who will renew
  • 7.7/10 Average score from undecided customers
  • 8/10 Average score from customers not renewing

Top alternatives

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