FUMO: Future of Money Podcast

Innovative Banking Solutions with Paul Taylor, CEO and Founder of Thought Machine

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In this episode of the Future of Money Podcast, hosted by Ronit Ghose and Gaurav Dhar, and supported by XVC Tech and the MENA FinTech Association we sit down with Paul Taylor, founder of Thought Machine, to explore the revolutionary impact of cloud-native core banking engines on the banking industry.

In this episode, Paul shares his journey from Google to Thought Machine, highlighting the challenges of modernising banking technology providing insights into the future of banking, the importance of scalability, and the necessity of adapting to new technological landscapes to stay competitive. 

Join us as Paul Taylor reveals the key to building resilient and efficient banking systems in a digital age and sheds light on how Thought Machine’s innovative solutions enable real-time, always-on banking, transforming the way financial institutions operate and serve their customers.

“The future of banking is real-time, always-on, and cloud-native,” says Paul.

Key Highlights:

  • The crucial role of core banking engines in modern banking.
  • How legacy systems hinder banking innovation.
  • The transformation brought by Thought Machine’s cloud-native technology.
  • Understand the importance of scalability and adaptability in the future of banking.

Tune in to hear how Thought Machine is revolutionising banking technology. Share your thoughts and comment on who you would like to hear from next.

Episode Guest

Paul Taylor

CEO and Founder of Thought Machine

Paul Taylor is the founder and CEO of Thought Machine, the leading cloud-native core banking and payments technology provider. Thought Machine is present in 18 countries with a client list of more than a dozen Tier 1 banks worldwide. Before founding Thought Machine, Paul successfully launched two companies, the second of which was acquired by Google in 2010. At Google, he led the text-to-speech team, which developed cutting-edge technology that is now found in all of Google’s navigation and voice search products. Paul holds a PhD in AI and has held teaching positions at Edinburgh and Cambridge Universities.

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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