Tuum Earns Recognition in Celent’s Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024 Positioned as a Luminary and Functionality Standout Across Key Categories
London, UK – December 18, 2024 – Tuum, a leading next-generation core banking technology provider, is proud to announce its inclusion in Celent’s highly regarded Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024. This extensive evaluation highlights the most innovative and effective core banking solutions in the global market.
Celent’s report positions vendors within its Technical Capability Matrices across five categories: Luminary, Technology Standout, Functionality Standout, Noteworthy Solution, and Developing Solution. These categories evaluate a vendor’s strengths in Advanced Technology and Breadth of Functionality. Tuum’s placement as a Luminary and Functionality Standout across multiple matrices underscores its growing recognition as a serious contender in the next-generation core banking market.
Key Highlights of Tuum’s Positioning:
- For Mid-Large Banks: Positioned as a Functionality Standout, Tuum empowers banks to innovate by addressing legacy challenges, progressively modernizing their IT estates, and launching new business models, including Banking-as-a-Service, with speed and reliability.
- For Small and Digital Banks and Speciality Institutions: Recognized as a Luminary, Tuum’s modular solutions help smaller institutions adapt to market demands, rapidly launch new offerings, and reduce operational costs. The platform enables agility and speed-to-market for startups, empowering them to deliver customer-centric products and capture emerging opportunities effectively.
- For EMEA and APAC Region: Positioned as a Functionality Standout, Tuum supports financial institutions with broad functionality and compliance for regional regulations. By unlocking the potential of digitization, the platform helps banks lower costs, grow revenues, and deliver personalized, customer-first solutions.
This recognition highlights Tuum’s ability to support progressive renovation, allowing banks to modernize incrementally, adapt quickly, and capitalize on opportunities in an ever-evolving financial landscape.
Building on Momentum
“Our recognition in Celent’s report reflects the tangible value we bring to financial institutions,” said Myles Bertrand, CEO of Tuum. “We empower banks to rapidly address critical challenges with legacy systems while introducing new revenue streams and business models. By enabling agile go-to-market strategies and progressive renovation across their IT landscape, we provide the foundation for innovation that drives customer-centric growth and sustainable competitiveness.”
Want to explore why Tuum stands out in next-gen core banking?
Discover insights from Celent’s Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024. Learn how Tuum is empowering financial institutions with advanced technology, modular solutions, and a progressive approach to core modernization.
Download the full excerpt here.