audax & Tuum launch scalable BaaS solutions for financial institutions

By Gloria Methri

audax, a comprehensive digital banking solutions provider, and Tuum, a next-generation core banking provider, have announced a partnership to empower financial institutions. Initially focused on the Middle East, the partnership will deliver rapid digital banking capabilities, incremental core modernisation, and scalable Banking-as-a-Service (BaaS) solutions, with plans to extend these benefits to other regions.

This collaboration positions audax and Tuum as key enablers for institutions seeking to innovate and compete effectively in the fast-evolving market. By combining audax’s proven ability to deliver digital banking solutions as fast as six months with Tuum’s modular, API-first, and microservices-driven architecture, the partnership empowers financial institutions to modernise at their own pace.

The flexibility to deploy specific modules or features enables banks to avoid the costs and risks of complete system overhauls, rapidly launch new digital capabilities, and adapt to evolving market demands—unlocking opportunities for growth and innovation.

“At audax, we are dedicated to empowering financial institutions with best-of-breed, digital-first solutions that are resilient, highly configurable and quick to market,” said Mike Breen, Chief Commercial Officer at audax. “By partnering with Tuum, a leader in core banking technology, we are able to deliver a holistic solution that combines the best-in-class capabilities of both companies. This collaboration enables us to provide our clients with comprehensive, scalable banking systems, leveraging market leaders in each area to support their unique digital transformation needs, whether they’re starting from scratch or enhancing existing infrastructures.”

“Tuum’s modular and highly configurable core banking platform is purpose-built to meet the demands of BaaS providers, offering a robust infrastructure to support mission-critical operations,” said Miljan Stamenkovic, VP of Sales EMEA. “With proven experience working with BaaS providers like LHV and Zenus, we empower financial institutions to rapidly launch innovative financial products, scale operations, and deliver exceptional customer experiences. As the ideal choice for BaaS providers, Tuum ensures institutions can adapt quickly to evolving market demands while achieving operational excellence.”