London, October 22, 2024 — Tuum, a leading next-generation core banking provider, today announced a collaboration with Google Cloud to enhance the scalability, security, and performance of digital banking services across Europe, the Middle East, and Africa (EMEA). This collaboration is set to empower financial institutions with rapid deployment capabilities, seamless integration, and cost-efficient operations, setting a new standard in the fintech industry.
With an instance already deployed in Saudi Arabia on Google Cloud’s infrastructure, Tuum is positioned to unlock new opportunities for business growth across the Middle East, particularly in Saudi Arabia, where cloud technology will drive financial innovation at scale.
By leveraging Google Cloud’s infrastructure, Tuum aims to provide financial institutions with the ability to scale effortlessly and securely while managing growing customer demands and regulatory requirements. The partnership will focus on optimizing data handling and processing capabilities, which are critical for achieving high performance and reliability in financial services.
“Working with Google Cloud will enable us to offer our clients not only the most advanced technology stack but also the confidence of partnering with a leader in secure and sustainable cloud services,” said Jean Souto, VP, Global Partnerships of Tuum. “This partnership is a cornerstone for Tuum as we aim to redefine what financial institutions can achieve with our cloud native, modular, API-first banking platform.”
Google Cloud’s renowned security protocols will further enhance Tuum’s offerings, providing top-tier data protection and privacy for clients in the sensitive financial sector. Additionally, the collaboration will focus on reducing operational costs and complexity, enabling clients to benefit from a more streamlined and efficient banking infrastructure.
“As financial institutions accelerate their digital transformation, they need innovative technology solutions to stay ahead,” said Anil Saboo, Director, Industry ISV Partnerships of Google Cloud. “By leveraging Google Cloud’s secure infrastructure and advanced technology, Tuum is enabling these institutions to enhance their digital banking capabilities at scale.”
The collaboration has the potential to accelerate digital transformation initiatives for banks and fintechs in the EMEA region, enabling them to deliver personalized, intuitive, and responsive banking experiences to their customers.
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 a pre-configured 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 capitalize on the possibilities of digitization.
Tuum. Core banking. Without limits.
Get in touch to find out more.