London, 30 July 2025: Thought Machine, the leading cloud-native banking technology company, has today announced its strategic partnership with digital bank Zopa as it enters everyday banking with its flagship current account, Biscuit.
At the heart of this partnership is Vault Core, Thought Machine’s next-generation core banking platform, which enables Zopa to deliver cutting-edge financial products at speed and scale. Using Vault Core, Zopa 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 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, said: “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. All our products are designed to provide good value and ease, and our new bank account is another great example of this philosophy. 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.”
Zopa Bank 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, comments: “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.”
About Thought Machine
Thought Machine has developed the foundations of modern banking with its cloud-native core banking and payments technology. Its cloud-native core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom bank, Curve, and more.
Vault Core and Vault Payments have been written from scratch as entirely cloud-native technologies, giving banks full control to run any bank, product, and payment set to flourish in a rapidly changing world.
Thought Machine is a global team spread across offices in London, New York, Singapore, and Sydney and has raised more than $500m in funding.
About Zopa
Founded in 2020 with a full banking license and backed by some of Silicon Valley’s most iconic investors, digital bank Zopa is building the “Home of Money.”
This is a place where financial products deliver good value and managing money is made effortless; deep and long-lasting relationships mean customers are left confident about their choices.
Zopa seamlessly blends the agility of digital banking with 20 years of lending expertise – having lent more than £13 billion to consumers in the UK to date. It is reliable as a big bank, as helpful as a challenger bank but with more peace of mind than both.
One of the UK’s highest rated and most celebrated financial brands, Zopa was again voted the UK’s best Personal Loan Provider and best Credit Card Provider at the 2024 British Bank Awards.
Zopa Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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