Zenus Bank, a pioneering entity in Banking-as-a-Service (BaaS), collaborates with Tuum, a next-generation core banking provider.
This partnership is set to democratize access to U.S. banking services globally, allowing banks, FinTechs, super apps, and businesses worldwide to integrate these services seamlessly.
The collaboration stems from Zenus’ need for a flexible, scalable core banking solution that enhances its existing infrastructure. By integrating Tuum’s Accounts and Payments modules, Zenus can now offer more dynamic and extensive banking services, reflecting their mission to facilitate global access to U.S. banking infrastructure.
Zenus Bank has leveraged Tuum’s technology to expand its commercial banking capabilities, laying the groundwork for its BaaS offerings. This strategic move enables scalable cross-border banking services, utilizing Zenus’ regulatory compliance and technological advancements, alongside key system integrations.
Tuum’s mission is to set financial institutions free from legacy systems, reducing maintenance costs and fostering adaptation in the digital era. Their smart migration approach and interconnected ecosystem enable banks to launch new products and business lines efficiently, including accounts, lending, payments, and cards.
Zenus Bank Chairman Mushegh Tovmasyan, said, “Tuum has been instrumental in helping us realize our vision of offering U.S. banking services on a global scale. Their platform’s flexibility and speed to market have allowed our developers to overcome significant challenges and position ourselves for rapid growth. We have over a dozen of exciting BaaS partnerships in the works with many going live in Q4. It is very fulfilling to see the positive impact our solutions are having on end-users.”
Tuum Chief Revenue Officer Edgardo Torres-Caballero added, “We’re thrilled to partner with Zenus Bank as they embark on their mission to democratize access to U.S. banking globally. At Tuum, we’re all about enabling financial institutions to break free from the limitations of traditional banking systems. This collaboration underscores our commitment to delivering cutting-edge solutions that are both adaptable and scalable, allowing businesses like Zenus to rapidly innovate and provide seamless banking services to their customers across the world.”
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