Tuum: Revolutionising Core Banking with Cloud-Native Innovation
Tuum is a cloud-native, next-generation core banking platform transforming how financial institutions operate and serve their customers. Founded in 2019 and headquartered in Tallinn, Estonia, Tuum leverages decades of industry expertise to deliver a modular, API-driven platform designed to rapidly deploy seamless, tailored financial services. As the banking landscape shifts towards digitalisation and agility, Tuum stands at the forefront, enabling banks, fintechs, and businesses to innovate with speed and flexibility.
What is Tuum?
Tuum is much more than a traditional banking system; it is a fully cloud-native platform built with microservices architecture. This means Tuum is composed of independent, flexible modules that cover the entire spectrum of everyday banking processes. Imagine the platform as a set of Lego blocks — each block is a module that fits perfectly with others, yet can be used individually, swapped out, or added when necessary. This modular design empowers institutions to select only the functionalities they require, avoiding unnecessary complexity and cost.
The platform’s API-first approach facilitates quick and effortless integration with existing ecosystems, whether running on public clouds like AWS, Azure, or Google Cloud, or on private cloud infrastructures. This flexibility is crucial for banks aiming to modernise legacy systems without disrupting ongoing operations.
Tuum’s Headquarters and Company Profile
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Headquarters: Tallinn, Estonia
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Founded: 2019
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Company Size: 51-200 employees
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Industry: Banking, Fintech
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Website: https://tuum.com
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Specialties: fintech, banking platform, loans, lending, banking core, deposits, payments, Banking-as-a-Service (BaaS), Islamic banking, progressive transformation
With a team of industry professionals and technology experts, Tuum combines deep financial sector knowledge with cutting-edge software development to offer a robust, future-proof core banking solution.
The Architecture of Tuum: Modular and Microservices-Based
The cornerstone of Tuum’s appeal lies in its microservice architecture. Unlike monolithic banking platforms, which are rigid and difficult to upgrade, Tuum’s microservices are small, independently deployable services that work together to provide full banking functionality. Each module handles a specific banking task — such as account management, payments processing, loan servicing, or deposits handling — and communicates with others via well-defined APIs.
Flexibility Through Modularity
This modular setup offers unmatched flexibility:
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Customisation: Institutions can tailor the platform by combining only the modules they need.
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Scalability: As businesses grow, additional modules can be seamlessly integrated.
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Ease of Maintenance: Independent services allow updates and fixes without affecting the entire system.
Imagine launching a new loan product or payment service — Tuum enables these innovations to happen in weeks, not months or years, accelerating time-to-market and enhancing competitiveness.
Cloud-Native and API-Driven
Tuum’s cloud-native design ensures high availability, resilience, and scalability. The platform can deploy on any major cloud provider or private cloud environment, catering to diverse compliance and operational needs. Furthermore, its API-driven framework allows banks to connect with fintech partners, third-party services, and emerging technologies, supporting open banking initiatives and digital ecosystems.
Key Features of Tuum
Tuum’s core banking software offers an array of features designed to cover comprehensive banking needs while remaining adaptable and future-ready:
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Account Management: Handle all types of accounts with real-time updates and flexibility.
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Payments and Transfers: Support for domestic and international payments, instant transfers, and various payment methods.
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Lending and Loans: End-to-end loan lifecycle management including origination, servicing, and collections.
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Deposits and Savings: Manage diverse deposit products with configurable terms.
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Banking-as-a-Service (BaaS): Enables third parties to offer banking services using Tuum’s platform.
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Support for Islamic Banking: Tailored compliance with Sharia principles, broadening market reach.
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Progressive Transformation: Facilitates gradual migration from legacy systems to modern platforms.
Each of these features is encapsulated in discrete modules, which can be independently deployed and upgraded.
Why Choose Tuum?
Financial institutions face immense pressure to innovate rapidly while maintaining operational stability and regulatory compliance. Tuum addresses these challenges head-on:
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Rapid Time-to-Market: Launch new financial products and services in weeks, not years.
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Cost Efficiency: Avoid the hefty expenses of traditional core banking overhauls by adopting modular upgrades.
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Future-Proof Technology: Built on microservices and cloud-native principles, Tuum adapts effortlessly to evolving market needs.
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Seamless Integration: API-based connectivity means existing systems can remain intact while new capabilities are layered on.
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Compliance and Security: Designed with regulatory compliance in mind, supporting strict banking regulations globally.
These advantages position Tuum as a strategic partner for banks seeking to thrive in a digitally disrupted environment.
Industry Recognition and Growth
Since its founding, Tuum has gained attention as a leading innovator in core banking software. Its user-centric, flexible platform model has attracted clients ranging from traditional banks to nimble fintech startups. The company has also partnered with global technology providers and consulting firms to amplify its reach and capabilities.
Moreover, Tuum maintains an active presence in fintech communities, consistently evolving its product suite to align with emerging trends such as open banking, digital wallets, and personalised financial services.
Contact and Additional Information
For businesses interested in modernising their banking infrastructure or exploring partnerships, Tuum offers accessible contact options and resources:
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Official Website: https://tuum.com
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Phone: Available on the official website’s contact page
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Location: Tallinn, Estonia — a hub for digital innovation and fintech growth
By visiting their website, stakeholders can request demos, access detailed product documentation, or connect with sales and support teams.
Conclusion
Tuum represents a significant leap forward in core banking technology. Its modular, cloud-native, and API-first platform empowers banks and fintechs to innovate rapidly, reduce costs, and deliver exceptional customer experiences. Founded in 2019 and based in Tallinn, Tuum combines industry expertise with cutting-edge technology to offer a future-proof solution that adapts to the dynamic demands of the financial sector.
