Multitude Bank, a subsidiary of Multitude AG, has continued its partnership with Tuum to support the bank’s long-term growth and development strategy through core banking technology.
In 2022, Tuum initially partnered with Multitude Bank to simplify the bank’s technology, unify operations across European markets, and optimize product development. Given that Multitude operates in a complex regulatory and payment environment, Tuum’s platform plays a crucial role in navigating this landscape while also facilitating business diversification.
Facilitating growth and expansion
Tuum provides a unified core banking foundation as the bank consolidates its technology stack and explores opportunities for growth across various segments such as consumer lending, secured debt, and cross-border payments. This platform enables Multitude to speed up product portfolio growth, manage multi-jurisdictional compliance, and integrate with numerous national payment schemes including SEPA, SEPA-INST, Sweden’s RIX/BANKGIROT, and the Czech Republic’s CERTIS.
Collaborations with key technology providers like Tuum are essential for Multitude’s goal of establishing an adaptable and scalable banking infrastructure. By broadening their collaboration, Tuum and Multitude enhance their strategy, working together to achieve a vision of smarter, more interconnected financial services across Europe. This alliance enables the bank to launch new products swiftly, bolster its resilience, and provide customers with a better experience.
Tuum views the future of banking as multi-branded, multi-regional, and consistently innovative. The partnership with Multitude demonstrates Tuum’s capability to handle complex banking operations and deliver core banking power necessary for growth and expansion.
Tuum is designed for institutions aiming to modernize and scale, assisting banks, lenders, and fintech companies in overcoming legacy technology limitations and accelerating development. The platform is cloud-native and supports key banking applications like lending, payments, BaaS (Banking-as-a-Service), and Islamic finance on a single unified system. Users can progressively modernize, launch products within weeks, and enter new markets without compromising control, compliance, or performance.
