Tuum, leading next-generation core banking provider, and Plumery, the new-generation digital banking platform, confirmed a strategic partnership that introduces a pre-integrated headless front-end, with a microservices based core banking solution, tailored for ambitious technology led businesses that require the flexibility of a highly modular architecture.
With a shared vision to reshape the financial services landscape, Tuum and Plumery have jointly developed the solution to allow banks and fintechs to leverage the flexibility of a true MACH (microservices, api-first, cloud, headless) solution, while adding the acceleration of a pre-integrated core and front-end.
The solution will combine Plumery’s library of ‘headless’ digital banking capabilities, with Tuum’s cloud native, modular core to enable launching businesses to get to market faster than ever before. The combined solution will see fully-digital onboarding, multi-factor accounts, transaction and money movement journeys available out-of-the-box, with more joint capabilities being released in early 2024.
Drawing upon Plumery CEO, Ben Goldins, experience in driving the technology of 2 fintech unicorns over the last 10 years, the company is on a mission to partner with the most modern technologies that can support the complexities banks and fintechs face and lay down the foundation for the long-term continuous innovation and improvements.
Conventional approaches typically require complex and costly customizations to launch unique digital experiences. The Tuum and Plumery proposition makes it x4 faster for businesses to design and configure new products and launch them directly into a modern digital experience.
Ben Goldin, CEO of Plumery, shared his thoughts about the partnership: “I’m very excited to announce our partnership with Tuum. They are a leading example of how a true microservices architecture can bring a new level of agility needed by banks and fintechs. Our shared technological philosophy of the importance of a highly componentized architecture in helping banks achieve the agility they need, will allow joint customers to rapidly deploy the two most important components - the core and digital experience - in a technology stack, and use that advantage to launch, and iterate, faster than ever before.”
Julian Douve, Head of Alliances & Partnerships at Tumm, echoed this sentiment, stating, “We are thrilled to announce this partnership. Tuum’s and Plumery’s visions are tightly aligned, and this collaboration will enable our customers to retain full control of their innovation, while leveraging the speed of pre-built and integrated best-in-class solutions.”