Powering the Modern Mutual: The Technology Landscape [Tuum profile]

The financial landscape is evolving, and building societies are at the forefront of this transformation.

To stay competitive and meet the growing demands of their members, building societies must embrace modern, agile core banking solutions. The Woodhurst report, “Powering the Modern Mutual: The Technology Landscape,” provides essential insights into how building societies can leverage technology to drive growth, enhance member engagement, and simplify digital transformation. 

Key Highlights: 

  • Modernization Imperative: Understand why modernizing core systems is crucial for building societies to remain relevant and competitive. 
  • Member Engagement: Discover how innovative technology can enhance member experiences and foster stronger relationships. 
  • Digital Transformation: Learn about the steps and strategies building societies can adopt to navigate their digital transformation journey. 
  • Vendor Landscape: Gain insights into the leading technology vendors and their solutions that are reshaping the building society sector. 
  • Success Stories: Explore real-world examples of building societies that have successfully implemented modern core banking solutions. 

Tuum’s Strengths Highlighted in the Report: 

  • Modular Platform: Enables low-resource modernization in savings or lending without high-risk or high-cost replacements. 
  • Cloud-Native, SaaS Delivered System: Supports millions of accounts in live production, simplifying the complexity for society colleagues. 
  • Product Innovation: Includes wallets and pots to better segment savings, and complex customer hierarchies for family savings. 
  • Open Banking Ready Infrastructure: Allows frictionless loading of funds and easy integration of brands and acquired businesses. 

Download the Report: 

Unlock the full potential of your building society with actionable insights and strategies from the Woodhurst report.  

Download “Powering the Modern Mutual: The Technology Landscape” today and discover how Tuum can help your building society thrive in the digital age. 

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