Thought Machine, the cloud-native banking technology company, is partnering with digital bank Zopa as it enters everyday banking with its flagship current account, Biscuit.
At the heart of this partnership is Vault Core, the core banking platform from Thought Machine, which enables Zopa to deliver financial products at speed and scale. Using Vault Core, Zopa says it significantly reduced its time to market, launching a beta version of its current account in September 2024, followed by a full product launch in June 2025.
The launch also marks a major milestone in Zopa’s journey to becoming the Home of Money and addresses a major gap in the market – offering a bank account that combines great value with best-in-class digital experience.
With a modern tech stack and no legacy infrastructure holding it back, Zopa Bank is well-positioned to roll out new products rapidly using Thought Machine’s highly configurable, scalable technology on its developer-friendly platform.
Merve Ferrero, chief strategy officer at Zopa Bank, commented: “Stepping into everyday banking is a natural next step in Zopa’s mission to build the Home of Money for its customers. We believe that British consumers deserve better than having to constantly chase deals and accept complexity or poor experience. Partnering with Thought Machine – whose market-defining technology sits at the core of this strategy – puts us in the perfect position to lead the market.”
Setting a new standard
Zopa Bank says it selected Thought Machine for its strong engineering heritage and proven track record in delivering modern banking solutions.
Thought Machine’s team of cloud experts focuses on creating high-performance, scalable technology that serves global banks such as Lloyds, Standard Chartered, and Intesa Sanpaolo, as well as established challengers like C6, Atom bank and Trust Bank.
Paul Taylor, CEO and founder of Thought Machine, also shared his reaction to the news: “Zopa Bank is on a remarkable trajectory – doubling profits, expanding its offering, and delivering a bank built on operational excellence and outstanding customer service. Their deep understanding of technology’s strategic role is what sets them apart. Zopa Bank moves fast and sets the pace, and we’re proud to be powering their journey.”
