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Silverbird partners with Tuum to strengthen financial inclusion for SMEs
UK digital payment platform Silverbird has announced a new strategic partnership with Tuum, a modular core banking platform.
The partnership will help the company on its mission to boost financial inclusion for international SMEs.
This collaboration represents a significant milestone for Silverbird as it opens doors to cutting-edge technology and untapped markets. By leveraging this partnership, Silverbird aims to extend its banking services to a larger number of small enterprises and effectively address the needs of the underbanked population.
Speaking about the collaboration with Tuum, Max Faldin, CEO of Silverbird, said: “Tuum helps us with core banking. They have the most flexible modular core banking on the market as far as we can tell. We need this modularity to build what we call Payments Hub – a flexible solution to support our SMEs with multiple banking providers.”
Myles Bertrand, CEO of Tuum, said: “Tuum’s mission is to set banking free from old-world constraints. We provide the technology and processes to enable financial institutions to innovate their services and business models. As such, we are delighted to be working with Silverbird to enable them to transform how SMEs trade globally. Practically, the Tuum platform provides accounts in more than 30 currencies with a real-time ledger, smart routing of payments using multiple payment providers and multiple international payment methods, and API integration in other multiple cutting-edge technology providers for key areas like AML and KYB.”
He further added, “In addition, because our platform provides more than core banking, Tuum can support Silverbird as its business grows over time and they extend their proposition for global SMEs.”
Silverbird’s banking services cut across 200 countries. With a focused approach to working with exporters and importers, the company delivers exceptional service that effectively addresses the gaps left by traditional banks.
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