Tuum’s next-generation core capabilities, in partnership with Salt Edge’s Open Banking Compliance solution, have supported LHV Bank in providing more value-added services by effectively managing all core banking operations and ensuring compliance with stringent regulatory requirements in the UK.
The dynamic partnership between Tuum and Salt Edge, established in 2022, aims to help financial institutions across Europe access the full spectrum of open banking features quickly and securely while enabling integration with an API-first and modular core banking platform. LHV Bank is one of the beneficiaries of this collaboration, leveraging the strengths of both providers.
LHV Bank, a subsidiary of LHV Group, is a BaaS (Banking-as-a-Service) provider to over 200 customer-facing fintechs, offering retail banking products for individuals and flexible lending for businesses. To accelerate innovation and expand its offerings, LHV Bank chose Tuum to replace and handle its core banking system.
As part of the existing collaboration between Tuum and Salt Edge, Salt Edge was selected by LHV Bank to complement its digital core and ensure full compliance with the UK’s open banking regulations. Instead of spending years developing a fully compliant API layer, the bank chose Salt Edge’s Open Banking Compliance product, a proven solution that integrated seamlessly with their banking core. The ready-made toolkit, management dashboards, robust TPP verification system, and compliance coverage will allow the company to focus on building better banking products.
“Open Banking is an incredible opportunity but also a technical and regulatory puzzle. Salt Edge helps us solve that puzzle without spending years assembling all the pieces ourselves. This way, we can focus on delivering innovative banking services, not just ticking compliance boxes.”
— Marten Vill, Product Management Domain Lead, LHV Bank
“Our partnership with Salt Edge allows institutions like LHV Bank to unlock the full potential of open banking while remaining fully compliant from day one. By integrating Salt Edge’s compliance capabilities with Tuum’s API-first, modular core, we’ve created a future-ready foundation that enables LHV Bank to innovate rapidly, scale confidently, and deliver seamless experiences to its fintech partners and end customers.”
— Miljan Stamenkovic, VP Sales, Tuum
Ensuring regulation and compliance will provide the bank’s clients with smoother and more secure access to open banking services, whether it involves aggregating accounts, making payments, or connecting with third-party financial tools.
“We’re happy to support LHV Bank with our comprehensive Open Banking Compliance solution, helping them meet the UK regulatory requirements, stay ahead of the curve and minimise the technical burdens.”
— Andrei Scutari, Open Banking Head of Sales and Country Manager, Salt Edge
“Our partnership with Tuum combines two complementary solutions that empower financial institutions like LHV Bank to develop a modern, compliant, and future-proof banking infrastructure powered by open banking.”
— Iulian Mitrea, Head of Partner Ecosystem, Salt Edge
About LHV Bank
LHV Bank is a technology-driven financial institution providing innovative banking services, including payments, lending, and open banking solutions. With a strong focus on fintech partnerships, we aim to create seamless financial experiences for businesses and individuals. LHV Bank operates in the UK and Europe, combining modern banking with deep expertise in digital financial services. Visit www.lhv.com/
About Tuum
Tuum is the core banking platform for a world of banking without limits. Built for institutions ready to modernise, scale, and lead, Tuum helps banks, lenders and fintechs escape the constraints of legacy technology and accelerate into a new era of agility,
innovation, and growth. Cloud-native and modular by design, Tuum supports all key financial business models — from lending and payments to BaaS and Islamic banking — on a single, extensible platform. Clients can modernise progressively, launch products in weeks, and expand into new markets without sacrificing control, compliance, or performance.
With enterprise-grade scalability, real-time processing, and an open API architecture, Tuum
delivers the flexibility to adapt fast — while significantly lowering total cost of ownership and
shifting budgets toward innovation. Tuum is trusted by leading financial institutions across the globe to build the future of banking — one without limits.
Tuum. Banking without limits. Visit www.tuum.com
About Salt Edge
Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5,000+ financial institutions in 50+ countries. Salt Edge has been named a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.