GEC NEWS WIRECREALOGIX and Tuum have joined forces in a strategic partnership aimed at revolutionizing the banking and financing landscape in the GCC region. The alliance will bring together the strengths of both companies to deliver an unparalleled end-to-end banking experience. Customers will benefit from a comprehensive suite of services including accounts, cards, payments, cash financing, microfinancing, and car financing solutions.
The signing took place at SEAMLESS Middle East 2024 event in Dubai World Trade Center. This partnership is particularly timely given the UAE’s recent announcement of its groundbreaking Open Finance Regulation, which leapfrogs the open banking framework in the rest of the region.
Miljan Stamenkovic, VP EMEA, Tuum, said, “Our shared commitment to secure, open, and composable platforms makes for a seamless integration, and our complementary solutions will empower financial institutions across the GCC to deliver a truly innovative banking experience.”
By combining CREALOGIX’s proven platform capabilities with Tuum’s innovative core banking solution, the partnership will establish a groundbreaking offering for the GCC’s banking and financing sectors. This unique solution will provide institutions with the agility and scalability required to thrive in today’s dynamic financial landscape.
Khalid Al Ahli ME Executive Director at CREALOGIX, said, “In the face of rapid technological advancements, financial institutions and fintech companies must embrace innovation to stay ahead of the curve. This partnership empowers institutions to leverage cutting-edge technologies to streamline processes, meet evolving customer demands, and unlock new revenue streams. Tuum’s next-generation core banking platform perfectly complements our offerings, enabling us to create a unique end-to-end solution that will transform the banking experience for customers across the GCC region,”
