CREALOGIX And Tuum Forge Strategic Alliance To Innovate Banking In GCC

In a significant move poised to reshape the banking and financing sectors within the GCC region, Switzerland-based fintech giant CREALOGIX has entered into a strategic partnership with Tuum, a frontrunner in next-generation core banking solutions. Announced at the SEAMLESS Middle East 2024 event held at the Dubai World Trade Center, this collaboration is set to redefine the financial landscape by offering an integrated banking experience unparalleled in the market. This announcement comes at a pivotal moment, aligning perfectly with the UAE's introduction of its Open Finance Regulation—a move that positions the nation at the forefront of financial innovation in the GCC.

"We are thrilled to partner with CREALOGIX," expressed Miljan Stamenkovic, VP EMEA at Tuum, highlighting the shared vision of both companies to deliver secure and comprehensive financial platforms. The synergy between CREALOGIX's robust platform capabilities and Tuum's cutting-edge core banking solution is expected to empower financial institutions across the GCC to offer innovative banking services.

The partnership is a testament to both companies' commitment to innovation in the financial sector. Khalid Al Ahli, ME Executive Director at CREALOGIX, remarked on the strategic alliance's potential to revolutionize the banking experience for customers across the GCC. The collaboration aims to provide financial institutions with the tools needed to navigate the rapidly evolving technological landscape, ensuring they remain competitive by offering advanced financial solutions.

CREALOGIX stands as a global leader in digital banking technology, recognized within the Swiss Fintech 100. With over 25 years of experience, the company has forged strong partnerships with leading banks and wealth management firms worldwide, delivering innovative technology and sector expertise to drive digital initiatives.

About Tuum

Tuum is on a mission to liberate banks from outdated legacy systems, significantly reducing maintenance costs while unlocking new avenues for digital adaptation and growth. Employing a smart migration approach, Tuum facilitates swift transitions to modern banking systems, enabling clients to go live within an average of seven months. Tuum's platform supports a wide array of banking services, including accounts, lending, payments, and cards, and enables banks to explore new business lines efficiently.

The collaboration between CREALOGIX and Tuum marks a momentous step towards the digital transformation of the GCC's banking and financing sectors. By combining their strengths, the two companies aim to deliver a seamless and comprehensive banking experience, setting a new standard in financial services.