Tuum partners Paymentology for card processing & core ledger solution
By Gloria Methri
Tuum, a next-gen core banking provider, and Paymentology, the next-gen global issuer-processor, have solidified their partnership to introduce a comprehensive, pre-integrated card payment processing and core ledger solution tailored for the European and Middle East markets.
Tuum and Paymentology have jointly developed these applications to seamlessly integrate and empower banking and FinTech clients to effectively address the demands of modern consumers. The partnership combines Tuum’s Card Management System (CMS) with Paymentology’s card issuer and processing platform.
Drawing upon Paymentology’s expertise in card issuance and processing across diverse regions, including the Middle East, Tuum’s customers gain instant access to a global gateway to streamlined card management and payment processing.
Conventional approaches typically require complex and costly customizations to launch new financial products. The Tuum and Paymentology proposition makes it quick and easy for business users to innovate and quickly launch new offerings to the market to gain competitive advantage without the burden of significant investment or ongoing expenses associated with frequent changes.
David Oppenheim, Global Head of Ecosystem Partnerships at Paymentology, shared his thoughts about the partnership, “We are very excited to announce our partnership with Tuum. Our shared technological philosophy will empower joint customers to rapidly deploy and refine card-linked financial products. The reduced investment and change-related costs will enable our customers to innovate in a cost-effective manner and capture market share within their respective regions.”
Jean Souto, Global Head of Strategic Partnerships at Tuum, echoed this sentiment, stating, “This collaboration holds particular significance for our expansion into the Middle East market, as we leverage Paymentology’s regional expertise to deliver seamless and innovative financial solutions to our clients. By combining Tuum’s secure and reliable core banking foundation with the pre-built integration enabling businesses to create customised card programs and manage the end-to-end card lifecycle directly through our native CMS User Interface, we are empowering our mutual customers to innovate and provide exceptional financial experiences and competitor differentiation. “
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