Senior Back End Engineer, Thought Machine
£100-150k
3-5 days a week in office (Russell Square, London)
Cloud native banking platform
Job no longer available
Cloud native banking platform
501-1000 employees
Job no longer available
£100-150k
3-5 days a week in office (Russell Square, London)
501-1000 employees
Company mission
Thought Machine's mission is to build the new foundations for banking. They want to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is still stuck on a legacy IT platform.
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Company mission
Thought Machine's mission is to build the new foundations for banking. They want to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is still stuck on a legacy IT platform.
Our take
Most traditional banks are stuck on legacy technology. The world's biggest banks today have been around for hundreds of years and their systems reflect this. Their tech systems were built in the mid-20th century and changes/improvements have been layered on top since then.
This infrastructure is creaking in a lot of these institutions, so they need a radical overhaul if they're going to compete with challenger banks like Monzo, N26 and Starling, that have built their banks on modern technology from the ground up.
Thought Machine's customers are primarily in Europe and Asia, and include legacy outfits like Standard Chartered, Lloyds Banking Group, and Sweden’s SEB, but they are also working with challenger banks like Atom Bank. Traditional banks will need to innovate to hold on to their market share, and will need the latest technology to do it, providing a big opportunity for Thought Machine.
The company has raised more than $500m in funding and are now valued at $2.7bn, which is being used to support the transformation of the retail banking market with cloud native technology, solving bank reliance on legacy IT. Thought Machine were named AltFi's B2B Fintech of the Year, placed in the FinTech50, and in the IDC list of top 100 Fintechs.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Life Insurance- 3 times annual salary
- Competitive Maternity and Paternity leave
- Shared parental leave
Funding (last 2 of 7 rounds)
May 2022
$160m
SERIES D
Mar 2022
$54.2m
LATE VC
Total funding: $559.3m
This company has top investors
Leadership
Paul Taylor
(CEO)Founder of Phonetic Arts (speech technology in gaming) until it was acquired by Google 4 years later. Then worked for Google as a Technical Lead for 3 years
People progressing
Joined as Back End Software Engineer and became a Tech Lead Manager after 1 year 4 months and is now an Engineering Director.
Diversity, Equity & Inclusion at Thought Machine
Natalie Brock (Chief of Staff - People)
- Diversity is an integral part of life at Thought Machine. We want to create a work environment where employees enjoy showing up to work authentically as their best self.
- We celebrate our differences with culture events and internal community networks such as the women’s group, OUT our LGBTQ+ group and Belong, which celebrates different ethnicities
- In terms of nationality, Thought Machine has 450 staff and over 45 different nationalities across three offices.
- Although we are above the UK’s average of women in fintech, we have got work to do.
- To help us achieve greater parity we have introduced a number of measures and initiatives, including coaching and training.
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