Tuum Recognized as a Standout in Celent’s Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024
By Dominic Sow · 18 December 2024
Tuum, a leading next-generation core banking technology provider, is proud to announce its inclusion in Celent’s highly regarded Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024. This extensive evaluation highlights the most innovative and effective core banking solutions in the global market.
Celent’s report positions vendors within its Technical Capability Matrices across five categories: Luminary, Technology Standout, Functionality Standout, Noteworthy Solution, and Developing Solution. These categories evaluate a vendor’s strengths in Advanced Technology and Breadth of Functionality. Tuum’s placement as a Luminary and Functionality Standout across multiple matrices underscores its growing recognition as a serious contender in the next-generation core banking market.
Key Highlights of Tuum’s Positioning:
- For Small and Digital Banks and Speciality Institutions: Recognized as a Luminary, Tuum’s modular solutions help smaller institutions adapt to market demands, rapidly launch new offerings, and reduce operational costs. The platform enables agility and speed-to-market for startups, empowering them to deliver customer-centric products and capture emerging opportunities effectively.
- For Mid-Large Banks: Positioned as a Functionality Standout, Tuum empowers banks to innovate by addressing legacy challenges, progressively modernizing their IT estates, and launching new business models, including Banking-as-a-Service, with speed and reliability.
- For EMEA and APAC Region: Positioned as a Functionality Standout, Tuum supports financial institutions with broad functionality and compliance for regional regulations. By unlocking the potential of digitization, the platform helps banks lower costs, grow revenues, and deliver personalized, customer-first solutions.
Companies in this story: Tuum
People in this story: Myles Bertrand