Yes. Tuum is a true cloud-native core banking platform. The modular banking software is built on cloud-agnostic architecture and can be hosted and run anywhere, including a public cloud provider like AWS, a private cloud, on-site or hybrid approach. Tuum puts you in control of where your data is stored, enabling you to build a safe and stable solution. The API-first, composable banking solution enables you to select and integrate the specific capabilities you need, plug in partner products or develop your own. Learn more about the Tuum core banking platform.

Yes, Tuum can operate alongside legacy core systems. Over time, you can transition away from legacy systems, managing your core banking modernization incrementally. Tuum connects through open APIs, allowing data to flow between old and new infrastructure without disruption. Teams can develop digital services alongside existing cores, and build toward a fully cloud-native architecture. We call this progressive core banking modernization – where elements are added incrementally – a co-existence model. It enables real time integration and phased-decoupling, empowering risk-free innovation. (79)

The average Tuum core banking implementation takes less than 7 months to go-live. This compares with legacy core banking implementations that can take 1-3 years. Financial institutions can work at such speed because of Tuum’s cloud-native, modular, and scalable platform. Tuum’s smart migration approach enables financial institutions to migrate from core banking systems quickly. We helped BaaS provider LHV Bank transform its core banking solution in two months, shifting budget from maintenance to innovation, enabling them to quickly launch new products and open up new verticals. In 2024, LHV Bank and Tuum won the Innovation Award for Best Core Banking Implementation at the IBSi Global FinTech Innovation Awards.

Tuum’s powerful banking product configuration capabilities mean products can be developed in weeks, not months. Banking product configuration makes it simple for organizations to define loan types, account structures, and payment products with fine-grained parameter settings preventing custom coding. This reduces development timeframes, enabling customers to meet market demand, without compromising quality and security. Crypto-payment specialists Januar used Tuum to rapidly develop a new product for this growing market, going live in weeks. Read Januar’s story.

Yes, Tuum supports payment and direct debit processing across SEPA, SWIFT, FX, and local payment schemes. It also supports SEPA Instant (SCT Inst) and ISO 20022 messaging compliance. Through the powerful Core Banking Module and Payments Module, financial institutions can issue multiple Virtual IBANs (vIBANs), track multi-currency balances, and handle high-volume, automated reconciliation. The platform's cloud-native core banking modules provide treasury and cross-border payment functionalities. Rule-based routing optimizes cross-border settlement flows, reducing fees across providers. Pre-built integrations with organizations like Banking Circle, Currencycloud, and CENTROlink make set-up and configuration simpler. Tuum's Payments module includes native Nostro Account Management, allowing institutions to track real-time liquidity positions and currency holdings across clearing providers.

Yes, Tuum is built with a dedicated, end-to-end lending module that supports consumer lending, mortgages, and BaaS lending. The cloud-native core banking platform enhances every stage of the loan management cycle with fast product setup, flexible repayment logic, and seamless integration with best-in-class partners. The system can manage secured and unsecured personal loans, as well as asset-backed loans and mortgages. Tuum makes it simple for financial institutions to incorporate lending products or offer white-label credit solutions. Tuum helped OP Financial Group (OPFG) reduce onboarding from application to disbursement to just 5 minutes, resulting in a 10% increase in loan sales.

Tuum eliminates vendor lock-in because of its API-first architecture. This makes it simple for financial institutions to integrate best-of-breed partners by choice, rather than being forced into a vendor’s closed ecosystem. Furthermore, Tuum empowers your internal teams to build and control custom intellectual property within a secure, controlled environment alongside the core. This approach ensures you can continuously innovate and expand your capabilities without being restricted by rigid vendor development roadmaps or costly upgrade cycles.

Tuum supports multi-jurisdiction compliance across European, GCC, and MEA markets. In Europe, Tuum is proven under GDPR and IFRS guidelines, powering regulated entities overseen by the FCA, PRA, and ECB. For GCC/MEA compliance, Tuum’s cloud-agnostic deployment meets strict local data residency mandates, and its dedicated Islamic Banking Suite complies natively with SAMA and AAOIFI standards. Additionally, Tuum can spin up localized "country instances" in days to align with regional regulations while keeping a unified view at the parent HQ level.

No, Tuum doesn’t provide an EMI or banking license. We’re a software vendor and can provide the cloud-native infrastructure and core banking software you need to operate your business. Regulators are familiar with Tuum and how the system works, which can potentially reduce licensing risk and timeframes. We’ve written a detailed guide on everything you need to know about EMIs, including the rules and regulations, processes and how you can obtain a license. To learn more, check out: What is an e-money institution and how you can become one. As an alternative to applying for an EMI license, organizations can work with a sponsor bank, such as LHV, who use our core banking platform.

Tuum is designed for traditional banks, neobanks, digital-first financial institutions, fintechs, NBFIs, EMIs, and PSPs looking to modernize or launch new financial services faster. The platform supports a wide range of use cases, including Banking-as-a-Service (BaaS), lending, accounts, payments, multi-currency accounts, cards, and Islamic Banking. Tuum operates across Europe, the Middle East and Africa, with dedicated regional headquarters in Tallinn, London, Barcelona and Abu Dhabi Global Market. Read some customer success stories here.

Tuum’s cloud-native, API-first core banking platform supports the creation of Banking-as-a-Service (BaaS) and embedded finance solutions. Tuum enables data segregation, multi-tenancy, and high-volume ledgering that are vital to BaaS and embedded finance solutions. There are modules for functionalities, including accounts, lending, cards, and payments. The open-API structure enables integrations with third-party Payment Service Providers (PSPs), including Thunes, LHV Connect, Banking Circle, and Currencycloud. The Tuum Orchestration Platform (TOP) enables safe, secure and seamless workflows and compliance controls. The platform supports the mass issuance of Virtual IBANs. For more insights, check out our Building a BaaS infrastructure webinar.

Yes, Tuum can support the creation of Sharia-compliant financial services that achieve AAOIFI and IFSB standards. We understand the need to adhere to Mudarabah-style profit-sharing, Tawarruq financing and Sharia-specific deposit structures. The strategic integration with DDCAP Group’s ETHOS AFP™ platform digitizes and automates this entire lifecycle in real-time, removing manual bottlenecks and creating immediate audit trails. Organizations can use our cloud-native Islamic banking solution to build a standalone bank, or offer Sharia-compliant services alongside conventional banking operations (known as the Islamic Window Model). Tuum’s Profit-Sharing Module is engineered so conventional banks don't need to to replace their entire core to offer Sharia-compliant deposits. Learn more about how Tuum powers Islamic banking products while staying true to Sharia principles.