Audax Financial Technology, a Standard Chartered-backed digital banking solutions provider, has partnered with core banking platform Tuum to help financial institutions achieve their digital transformation.
The partnership will initially target the Middle East and focus on enabling banks to progressively modernize, rapidly deploy digital services and scale Banking-as-a-Service (BaaS) solutions. , plans to expand globally.
The partnership comes at a time when 80% of banks in the Middle East are prioritizing digital transformation.
By combining AudaxTuum’s flexible, modular core banking platform can be used to deliver digital banking solutions in as little as six months, allowing financial institutions to modernize systems and quickly roll out new digital services without requiring a complete system overhaul. and get started efficiently.
This partnership will enable financial institutions to enhance their existing infrastructure, quickly deploy new financial products and services, leverage BaaS to diversify their offerings, and generate new revenue streams.
“By partnering with Tuum, a leader in core banking technology, we are able to offer a comprehensive solution that combines the best-in-class capabilities of both companies.
This partnership enables us to offer our customers a comprehensive and scalable banking system, leveraging market leaders in each field to help customers, whether they are starting from scratch or enhancing their existing infrastructure. We can support your customers’ unique digital transformation needs. ”
Mike Breen, Audax Chief Commercial Officer, said:
“Tuum’s modular and highly configurable core banking platform is purpose-built to meet the demands of BaaS providers, providing a robust infrastructure to support mission-critical operations.
With proven experience working with BaaS providers such as LHV and Zenus, we enable financial institutions to rapidly deploy innovative financial products, scale operations, and deliver superior customer experiences. ”
Miljan Stamenkovic, Vice President of Tuum EMEA Sales, said:
Featured image credit: Edited from freepic
