Tuum, leading next-gen core banking provider, and Paymentology, the world's premier next-gen global issuer-processor, have solidified a strategic partnership aimed at introducing a comprehensive, pre-integrated card payment processing and core ledger solution tailored for the European and Middle East markets.

In brief:

-With a united vision to reshape the financial services landscape, Tuum and Paymentology have jointly developed these cutting-edge applications to seamlessly integrate and empower banking and fintech clients to effectively address the ever-evolving demands of modern consumers

-This partnership combines Tuum's advanced Card Management System (CMS) with Paymentology's sophisticated card issuer and processing platform, bridging a crucial gap in financial services.

-Drawing upon Paymentology's extensive 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. 

What does this mean?

David Oppenheim, Global Head of Ecosystem Partnerships at Paymentology, shared his thoughts: "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."