Comparison · 2026 edition
10x Banking vs Thought Machine: core banking compared 2026.
10x Banking and Thought Machine side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
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10x Banking and Thought Machine side by side in the Core Banking and Ledgers Index 2026: scores, evidence, published facts and awards.
In the Core Banking and Ledgers Index, Thought Machine scores higher overall: 3.5 out of 5 (71 out of 100) against 2.6 (52), ranking 1 and 4 of 12. Thought Machine also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | 10x Banking | Thought Machine |
|---|---|---|
| Score out of 5 | 2.6 | 3.5 |
| Score out of 100 | 52 | 71 |
| Overall rank | 4 of 12 | 1 of 12 |
| For banks and building societies (out of 100) | 59, rank 4 | 83, rank 1 |
| For E-money and payment firms (out of 100) | 50, rank 5 | 68, rank 1 |
| For fintechs building their own products (out of 100) | 46, rank 5 | 61, rank 2 |
| Type | Cloud-native core banking platform | Cloud-native core banking platform |
Each score with the evidence behind it.
| Criterion | 10x Banking | Thought Machine |
|---|---|---|
| Product coverage | 3/5 Deposits and lending published; cards, payments and multi-currency not confirmed on the pages read. | 5/5 Deposits, lending, cards, payments and multi-currency all published. |
| Published pricing | 0/5 Not published. | 0/5 Not published. |
| Deployment choice | 2/5 Vendor-run SaaS only; no cloud named. | 5/5 Four named public clouds, on-premise, hybrid and a managed SaaS published. |
| Integration | 3/5 SDK and a stated launch example; no public sandbox found. | 3/5 Public sandbox and self-service deployment; no specific time to launch. |
| Security and regulated clients | 3/5 Named regulated banks; certifications shown as logos only. | 5/5 ISO 27001 and SOC 2 Type 2 stated, with named regulated banks. |
| Proven scale | 5/5 Throughput, uptime and account figures published. | 3/5 One figure published: 20 major financial institutions. |
Each criterion is scored 0 to 5 against the best published offer in the Core Banking and Ledgers Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | 10x Banking | Thought Machine |
|---|---|---|
| Product coverage | Banking products across retail, mutual and corporate banking, including lending; Fabric core ledger; ProductKit SDK and no-code product configuration. | Vault Core: current and transaction accounts, savings and term deposits, loans and mortgages, credit cards and BNPL (buy now, pay later), wallets and multi-currency. Vault Payments: payment orchestration, account-to-account payments, card issuing and processing. |
| Pricing | Not published on the pages read. | Not published on the pages read. |
| Deployment | Cloud-native SaaS; no cloud providers named on the pages read. | Runs on Google Cloud, AWS, Azure and IBM Cloud, on-premise, hybrid through Red Hat OpenShift, and as a managed SaaS on AWS. |
| Integration | ProductKit SDK; states an Australian client built a full product suite "in two weeks". | Public shared sandbox through the Vault Portal for partners; self-service deployment or client services; "Launch in weeks, not years" with no specific time stated. |
| Security and clients | AICPA SOC and BSI ISO 27001 logos shown, with no written statement. Named clients: Chase UK, Westpac, Old Mutual, West Brom Building Society, The Co-operative Bank. | States it is "ISO 27001 certified" and holds "SOC 2 Type 2 accreditation". Logos include Lloyds, Standard Chartered, SEB, Intesa Sanpaolo, Bancolombia, Arvest, Atom and Lunar. |
| Scale | "It processes over 10,000 transactions per second, runs at 99.99% uptime"; more than 100 million accounts stated. | "We support 20 of the world's premier financial institutions". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by 10x Banking: pricing, deployment and product coverage.
Not published or not stated by Thought Machine: pricing and integration.
Facts read on 26 October 2026 from: 10xbanking.com, 10xbanking.com/core-banking-platforms-compared; and thoughtmachine.net, thoughtmachine.net/press-releases/…, thoughtmachine.net/delivery, thoughtmachine.net/blog/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
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