#Cloud / UK Fintech Thought Machine Raises Another $42M

Thought Machine creates cloud-native banking technology specifically designed for banks constrained by legacy tech; the company has scaled up international hiring in the past six months, adding 100 new people across three regions;

[CEO:] “The prospect of transitioning to cloud native technology is now at the forefront of every major bank’s roadmap. Plans have been hastened in the wake of regulatory pressure, economic uncertainty and the need to manage cost-income ratios…”