Sold by: Tuum
Tuum is a leading next generation core banking technology provider. The cloud native, API first, highly configurable platform liberates banks from legacy limitations enabling the quick launch of new client centric offerings and the introduction of new revenue streams and business models. Tuum goes far beyond core providing rich functionality with payments, lending and cards modules with seamless integration to a wider ecosystem of best of breed solutions. Its microservices based architecture provides unprecedented levels of flexibility and scalability and a lower total cost of ownership.
Overview
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 banks free.
Tuum stands on the leading edge of next generation core banking, boasting a cloud native, API-first, and microservices driven architecture that ensures unparalleled flexibility, configurability and scalability.
And there are no trade offs with Tuum as well as being developed using the most advanced technologies it extends well beyond core functions, offering a unified platform that enriches multiple business lines with robust modules for accounts, lending, cards, and payments.
Customisation via configuration approach enables business users to quickly configure, tailor and launch market-responsive, client-focused offerings. This approach empowers financial institutions to seize market opportunities with agility, while enjoying the reduced total cost of ownership that comes with a modern cloud-based solution.
The commitment to innovation is evident in its API first design, ensuring seamless integration with a broad ecosystem of best of breed solutions. And smart migration methodology allows for fast and predictable core migrations enabling financial institutions to evolve and modernise without undue risk. Using this approach, Tuum clients go live on average within 7 months. Once live, banks can quickly and easily launch new products and open-up new verticals.
Tuum allows for business transformation. With Tuum you can transform an existing line of business or launch a new one. Tuum as a 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 digitisation setting banks free with continuous innovation.
Tuum. Core banking. Without limits.
Highlights
- Next-generation. Cloud native architecture ensures scalability, flexibility, and cost-effectiveness, integrating seamlessly with best-of-breed solutions. Its API first approach fosters innovation and interoperability. Built on microservices, Tuum offers granular scalability, fault isolation, and rapid deployment, giving banks agility and a future proof solution removing any technical debt.
- Beyond Core. Tuum extends beyond core banking with modular functionality across multiple business lines, for retail and corporate banking, with additional modules for Lending, Payments and Cards. You can choose modules to support business needs to transform an existing line of business or launch a new one. Business builder tool empowers banks with limitless customization through a no code configuration environment.
- Smart migration approach. Tuum has a proven smart migration approach for either a full bang core replacement or progressive modernisation that supports the incremental migration of core functions over time. Tuum ensures fast, low-risk migrations with predictable paths and timelines, utilising data migration models and migration APIs.
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Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
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Dimension | Cost/36 months |
|---|---|
Number of accounts | $0.001 |
Dimensions summary
This contract offers one pricing dimension: the number of accounts. You commit to a set quantity of accounts under a fixed contract term. Pricing scales with the volume of accounts you provision, so a larger account count raises your total commitment. There are no separate tiers or add-on charges in this listing. The platform supports account, lending, and payment capabilities, and it can handle account structures across multiple currencies. You configure the account quantity to match your expected banking operations.
Top-of-mind questions for buyers
An account is a banking account you provision on the platform. This covers current, savings, group, and virtual accounts across multiple currencies. Each virtual IBAN and configurable account structure counts within your provisioned quantity. Your total commitment reflects how many of these accounts you set up.
Your commitment is set by the account quantity you provision at contract start. Pricing scales with that provisioned number, so a larger count raises your total. The platform supports millions of accounts, but adding accounts beyond your committed quantity is a change you arrange with the vendor.
No. The platform is software only. You provision accounts and run banking operations, but the vendor does not supply a banking or EMI license, nor act as a sponsor bank. You need your own license or a sponsor bank arrangement. The account count covers the software, not regulatory cover.
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Support
Vendor support
Tuum offers multiple customer success packages with different levels of availability (99.9, 99.95, 99.99), guaranteed response and resolution times, support hours commitments. All customers have a dedicated customer success manager as well ass access to online knowledge base.
For further information please contact: contact@tuum.com
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