Tuum and Plumery Partner on Pre-Integrated Core Banking Platform for Fintechs

On October 19, 2023, Tuum and Plumery announced a strategic partnership to deliver an end-to-end, pre-integrated next-generation core banking platform tailored for banks and fintechs. Tuum contributes its cloud-native, modular core banking engine, while Plumery provides the digital banking experience layer, including front-end and customer-facing interfaces. The pre-integrated solution is designed to reduce implementation time and complexity for financial institutions seeking to modernize their technology stacks.

The partnership emphasizes modular architecture, allowing clients to select and deploy specific components based on their needs rather than committing to a monolithic platform. This approach supports embedded finance use cases where banks need flexible infrastructure to power fintech partnerships. No financial terms were disclosed.

The collaboration targets banks and fintechs across multiple geographies looking for faster time-to-market with composable banking infrastructure.