London, October 30, 2024 – Tuum, a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. With over three decades of leadership experience in the global payments and financial services industry, Abbott will spearhead Tuum’s strategy to expand its payments offering and strengthen relationships with key strategic accounts globally.
Abbott brings an exceptional depth of expertise, having held senior roles at leading financial institutions, including FIS, Fiserv, First Data, and Network International. He has successfully led payments innovation in diverse markets such as Europe, CEMEA, and LATAM, focusing on driving growth, increasing operational efficiency, and developing cutting-edge solutions for financial institutions and corporate clients.
In his previous roles, Abbott was instrumental in launching next-generation payments platforms, overseeing strategic partnerships, and growing business units to meet the evolving needs of digital banking and payment ecosystems. His experience across cards, digital wallets, and cross-border payments makes him uniquely positioned to drive Tuum’s growth in the payments space.
“David’s track record of driving payments innovation and his deep understanding of the complexities of the global payments landscape make him the perfect fit to lead Tuum’s payments business,” said Myles Bertrand, CEO of Tuum. “His expertise and vision will be invaluable as we continue to scale our platform and support financial institutions globally in modernizing their payments infrastructure. We are thrilled to welcome him to the team at this exciting time for Tuum.”
“Tuum’s platform offers an unparalleled level of flexibility, scalability, and innovation for financial institutions, which is exactly what the payments industry needs today,” said Abbott. “I’m excited to join Tuum at such a pivotal moment. With the payments landscape transforming so rapidly, the opportunity to help banks and fintechs modernize their payments infrastructure with Tuum’s cutting-edge technology is what drew me to this role.”
As VP of Payments Business Unit and Strategic Accounts, Abbott will focus on advancing Tuum’s end-to-end cards and payments solution, expanding the company’s reach across Europe, the Middle East, and Africa. He will work closely with partners, banks, and corporations to deliver innovative, risk-managed solutions that meet the demands of the fast-evolving payments landscape.
About Tuum
At Tuum, our mission is to allow banks to replace their legacy systems quickly and safely, to lower their maintenance spending and to open up new possibilities to adapt and prosper in the digital world; in short, to set them free.
We employ a smart migration approach to help banks to move off their current systems. Using this approach, our clients go-live on average within 7 months.
Once live, our system enables banks to easily launch new products and open up new verticals. Offering more than core, Tuum allows banks to operate multiple business lines from a single system, including accounts, lending, payments and cards, as well as go further through access to an interconnected ecosystem of partner solutions.
Tuum also allows for business transformation. Our business builder gives banks the fine-grained settings to precisely configure their operating, sourcing and distribution models to launch unique models to capitalise on the possibilities of digitization.
Tuum. Core banking. Without limits.