Zenus Bank & Tuum to launch global Banking-as-a-Service platform

By Gloria Mathias

Tuum, a next-gen core banking provider, has announced that Zenus Bank has gone live with Tuum’s Accounts and Payment modules integrated seamlessly with their proprietary technology and existing vendors.

This milestone aligns with Zenus’ mission to create a global Banking-as-a-Service (BaaS) platform, allowing banks, FinTechs, super apps, and businesses from around the world to embed with U.S. banking services and extend them to their customers.

Zenus Bank’s decision to partner with Tuum was driven by the need for a flexible, scalable solution that could amplify its existing banking infrastructure. With Tuum’s extensible core capabilities, Zenus has the freedom to innovate and expand its services, offering global access to U.S. banking infrastructure.

This partnership empowers Zenus to create new opportunities for businesses in over 120 countries to integrate U.S. financial services into their offerings easily and reliably.

By going live with Tuum’s Accounts and Payments modules, Zenus has expanded its commercial banking capabilities, laying the foundation for its proprietary BaaS offering. These modules form the core of Zenus’ strategy, providing scalable cross-border transactional banking services while utilising Zenus’ regulatory and technological framework and leveraging integrations with key systems.

Edgardo Torres-Caballero, CRO of Tuum, said, “We’re thrilled to partner with Zenus Bank as they embark on their mission to democratise access to U.S. banking globally. At Tuum, we’re all about enabling financial institutions to break free from the limitations of traditional banking systems. This collaboration underscores our commitment to delivering cutting-edge solutions that are both adaptable and scalable, allowing businesses like Zenus to rapidly innovate and provide seamless banking services to their customers across the world.”

Mushegh Tovmasyan, Chairman of Zenus Bank, shared, “Tuum has been instrumental in helping us realise our vision of offering U.S. banking services on a global scale. Their platform’s flexibility and speed to market have allowed our developers to overcome significant challenges and position ourselves for rapid growth. We have over a dozen exciting BaaS partnerships in the works, with many going live in Q4. It is very fulfilling to see the positive impact our solutions are having on end-users.”

The partnership between Zenus Bank and Tuum seeks to transform access to U.S. banking services for businesses and consumers worldwide.