Shawbrook, a UK-based savings and lending bank, has gone live with Thought Machine’s Vault Core banking platform as it looks to scale its commercial lending capabilities for small and medium-sized enterprises (SMEs).
The partnership, which began in September 2024, delivered its first product in May 2025 with the launch of Shawbrook’s buy-to-let mortgage offering.
Thought Machine’s Vault Core platform, recently implemented by financial institutions including Zopa Bank, Skandinaviska Enskilda Banken, and Afin Bank, offers more than 200 preconfigured financial products. These range from transaction accounts, loans, mortgages, and credit cards to digital wallets and buy now, pay later (BNPL) options.
The new core go-live follows media reports from earlier this year that Shawbrook is eyeing an initial public offering (IPO) on the London Stock Exchange, with the bank reportedly seeking a valuation of approximately £2 billion.
Serving over 500,000 customers and employing nearly 1,600 staff, Shawbrook provides a range of financial services including personal loans, cash ISAs, property finance, and automobile loans.
Last year, the bank adopted nCino’s cloud-based platform to automate loan origination and portfolio management. The bank also previously integrated Pegasystems’ automated underwriting technology and partnered with Cashflows for business finance payment processing in 2023
Source: https://www.fintechfutures.com/
