A leading Fintech company headquartered in Switzerland, CREALOGIX and Tuum, a leading next-generation core banking provider, recently announced a strategic partnership aimed at revolutionizing the banking and financing landscape in the GCC region.
Industry sources added that this alliance will integrate the core strengths of both firms to deliver an unparalleled end-to-end banking experience. Clients will benefit from a comprehensive suite of services including accounts, cards, payments, cash financing, microfinancing, and car financing solutions.
Miljan Stamenkovic, VP EMEA, of Tuum stated “We are thrilled to partner with CREALOGIX. Our shared commitment to secure, open, and composable platforms makes for seamless integration, and our complementary solutions will empower financial institutions across the GCC to deliver a truly innovative banking experience.”
Khalid Al Ahli ME Executive Director at CREALOGIX stated “This partnership is a significant step forward in our mission to provide best-in-class financial technology solutions. 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.”
Industry sources added that the signing-off ceremony happened at the SEAMLESS Middle East 2024 event at the 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.
Industry sources further affirmed that by combining CREALOGIX’s proven platform capabilities with Tuum’s innovative core banking solution, this partnership will establish a groundbreaking offering for the GCC’s banking and financing sectors. This unique solution will offer institutions the agility and scalability required to thrive in today’s dynamic financial landscape.
