Estonia-based core banking provider Tuum has announced a partnership with Google Cloud aimed at improving digital banking services across Europe, the Middle East, and Africa (EMEA). This collaboration seeks to enhance the scalability, security, and performance of digital banking, providing financial institutions with accelerated deployment capabilities, simplified integration processes, and cost-efficient operations.
As part of this partnership, Tuum has deployed an instance in Saudi Arabia on Google Cloud’s infrastructure, positioning the company for potential growth in the Middle East, particularly in Saudi Arabia, where cloud technology supports financial development at scale.
Shortly before this announcement, Tuum launched foundational Islamic Banking and Finance solutions designed to offer comprehensive and Sharia-compliant financial services. This initiative focuses on the core principles of Islamic banking, aiming to deliver a complete end-to-end platform tailored to the needs and preferences of local financial institutions.
Utilizing Google Cloud’s infrastructure will enable Tuum to assist financial institutions in scaling their operations securely while addressing evolving customer demands and regulatory requirements. The collaboration is set to optimize data handling and processing capabilities, which are crucial for achieving high performance and reliability in financial services.
Representatives from Tuum stated that partnering with Google Cloud allows them to provide clients with a technology stack supported by a secure and sustainable cloud services provider. Additionally, this partnership reinforces Tuum’s commitment to helping financial institutions with a cloud-native, modular, API-first banking platform.
Furthermore, Google Cloud’s security protocols will enhance Tuum’s offerings, equipping the company with robust data protection and privacy measures for clients in the financial sector. This collaboration also aims to minimize operational costs and complexities, allowing clients to benefit from a simplified and efficient banking infrastructure. Both companies emphasized that their partnership could accelerate digital transformation initiatives for banks and fintech companies throughout the EMEA region.
