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NTT DATA builds core banking Center of Excellence on Tuum technology

By Gloria Methri

March 06, 2024

  • Center of Excellence
  • Core Banking Modernization
  • Digital Transformation

Tuum, Core Banking, Payment Infrastructure, Bank Orchestration, SEPA, Center of Excellence, NTT DATA, FinTech, EuropeNTT DATA has launched a corporate Center of Excellence (CoE), based in Iberia, that uses cloud-native technology from Tuum to ease deployments and reduce time-to-market for banks looking to replace core systems.

This alliance strengthen both companies’ ability to deliver superior customer success. Tuum’s rich functionality, which extends across multiple business lines including accounts, lending, cards, and payments is combined with NTT DATA’s extensive suite of professional services.

The strategic partnership is designed to integrate Tuum’s smart migration techniques with NTT DATA’s broad spectrum of professional services and successful migration experience to deliver cost-effective, scalable banking solutions worldwide.

NTT DATA’s CoE operates with consultants specialized in banking with extensive experience in developing digital transformation projects, particularly core banking modernization programs. These involve the adoption of cloud-native solutions that are more flexible, and secure, with easier and better integration to break through technologies such as Artificial Intelligence.

The launch of this centre was motivated by NTT DATA’s desire to invest in Portugal, but also to take advantage of existing talent to deliver banking modernization solutions for other markets where the company is present.

José Manuel Pérez Bajo, Partner and Head of Banking Modernization at NTT DATA, said “We are delighted to partner with Tuum to enhance our Banking Modernization value proposition. At NTT DATA we are convinced that moving business processes and applications to Next Generation Core Banking Platforms is a must in every modernization program within the sector. From our Centers of Excellence in Spain and Portugal, we can deliver specialized services, accelerators, and experience to any of our clients in the region.”

Jean Souto, VP Global Partnerships at Tuum, added, “This alliance with NTT DATA is a milestone for Tuum, marking a significant step in our journey to redefine core banking globally. Through this partnership, we are excited to amplify the impact of our next-generation banking platform, driving innovation and efficiency for financial institutions. Our collaborative efforts with NTT DATA’s CoE will ensure that our clients not only keep pace but lead in a rapidly evolving financial landscape, leveraging our agile and adaptive banking solutions tailored for the future.

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