London, May 10, 2024 – Tuum, the leading next-generation core banking provider, is excited to announce a new partnership with TransactionLink, a pioneer in end-to-end KYB/KYC automation solutions.
This collaboration aims to tackle the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth and enhancing operational efficiency.
TransactionLink specialises in providing comprehensive business onboarding automation and an orchestration platform tailored to simplify and streamline the onboarding process for businesses. By integrating with Tuum’s cloud native core banking system, this partnership aims to deliver a holistic solution meeting evolving regulatory and client needs across the EU and the UK.
Recent industry developments highlight the critical need for modernising onboarding processes and the adoption of orchestration platforms. TransactionLink’s innovative automation platform fills this gap, offering businesses a more efficient and profitable alternative to in-house solutions. The synergy between Tuum’s and TransactionLink’s platform promises unprecedented speed to market and increased flexibility for clients.
The partnership offers the following benefits to businesses:
Accelerated Time-to-Market and Scalability: Through this collaboration, businesses can expect faster onboarding processes and unlimited scalability. This enables them to swiftly adapt to evolving market demands and maintain competitive advantage.
Simplified Integration and Resource Savings: The partnership streamlines the integration process. This not only saves valuable resources but also simplifies operations.
Focus on Core Business: With TransactionLink and Tuum seamlessly managing onboarding, businesses can redirect their focus towards innovation and growth, explore new opportunities and expand their business ventures.
Mateusz Pniewski, CEO and Co-founder of TransactionLink says, “We are excited to join forces with Tuum to offer our clients a comprehensive solution that streamlines onboarding processes and drives business growth. This partnership underscores our commitment to innovation and excellence, empowering businesses to thrive in today’s competitive 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 a pre-configurated 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.
About TransactionLink
TransactionLink is a trailblazing automation platform designed to revolutionize identity verification and compliance processes. What began as a vision for simplifying complex identity checks has transformed into a versatile no-code solution that navigates global regulations, geographies, and industry-specific demands with ease. TransactionLink automation platform empowers businesses to create intricate workflows, integrate with digital KYC/KYB services, and automate end-to-end customer experiences without requiring engineering expertise. With TransactionLink, revenue, operations and compliance teams can effortlessly build, modify, and manage digital onboarding processes, eliminating the need for expensive KYC/KYB teams and preventing engineering bottlenecks.
Get in touch to find out more.