Tuum renews core banking partnership with Multitude Bank

By Vriti Gothi

Tuum, a next-generation core banking provider, has renewed its partnership with Multitude Bank p.l.c., a subsidiary of Multitude AG, to continue powering the bank’s operations and growth across 13 European markets.

Since 2020, Tuum’s modular core banking platform has been central to Multitude Bank’s technology transformation, helping unify operations across multiple countries, simplify its tech landscape, and accelerate product innovation. Headquartered in Malta, the bank operates in a complex regulatory and payments environment, with Tuum’s platform facilitating compliance and integration with payment schemes such as SEPA, SEPA-INST, Sweden’s RIX/BANKGIROT, and Czech Republic’s CERTIS.

The partnership comes as Multitude consolidates its technology stack and explores growth opportunities in consumer lending (under the Ferratum brand), secured debt, and cross-border payments. Tuum provides a unified core foundation to manage multi-jurisdiction compliance, support an expanding product portfolio, and maintain operational efficiency.

“Partnering with leading technology providers like Tuum is fundamental to our mission of building an agile, fast-adapting, and scalable banking infrastructure,” said Kornel Kabele, CTO of Multitude. “By extending this collaboration, we strengthen our strategy to work with top-tier IT partners who share our vision for smarter, more connected financial services across Europe.”

Miljan Stamenkovic, Chief Revenue Officer at Tuum, added, “Multitude is a prime example of what the future of banking looks like: multi-brand, multi-country, and relentlessly innovative. This extension is a powerful endorsement of our platform’s ability to manage the most demanding banking operations.”

The renewed agreement underscores a broader trend in European FinTech, where banks increasingly rely on modular, scalable core banking systems to drive product innovation, ensure regulatory compliance, and accelerate expansion across multiple markets.