Estonian fintech company Tuum 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). The collaboration is set to empower financial institutions with rapid deployment capabilities, seamless integration, and cost-efficient operations.

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.

“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.”

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 optimising data handling and processing capabilities, which are critical for achieving high performance and reliability in financial services.

Tuum partners with Google to strengthen financial data security

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.

GOOD TO KNOW

Tuum offers a modular banking system

• Tuum is a leading API-first and modular core banking technology provider, backed by prominent investors Portage, Blackfin, and karma.vc.
• Since its founding in 2019, the company has expanded its customer base throughout Europe and is located in Tallinn, Barcelona, London and Abu Dhabi.
• Its cloud-native, cloud-agnostic and highly configurable platform enables financial institutions and any other company to effortlessly launch customer-centric financial solutions, including accounts, payments, lending, cards and more. Tuum’s microservices-based architecture and modularity provide clients with the flexibility to choose, implement, and pay only for the specific capabilities they require.

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