Zenus Bank partners with Tuum to launch global banking-as-a-service platform. Source: Shutterstock.com

Tuum has announced that Zenus Bank has successfully gone live with Tuum’s Accounts and Payments modules integrated with their proprietary technology and existing vendors. This significant milestone aligns with Zenus’ mission to create a global Banking-as-a-Service (BaaS) platform, allowing banks, fintechs, super apps, and businesses from around the world to embed U.S. banking services and extend them to their customers.

Zenus Bank’s decision to partner with Tuum was driven by the need for a flexible, scalable solution that could amplify its existing banking infrastructure.

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With Tuum’s extensible core capabilities, Zenus now has the freedom to expand their services, offering global access to US banking infrastructure

This partnership empowers Zenus to create new opportunities for businesses in over 120 countries to integrate US financial services into their offerings with ease and reliability.

By going live with Tuum’s Accounts and Payments modules, Zenus has expanded its commercial banking capabilities laying the foundation for its proprietary BaaS offering.

These modules form the core of Zenus’ strategy, providing scalable cross-border transactional banking services while utilising Zenus’ regulatory and technological framework and leveraging integrations with key systems.

Edgardo Torres-Caballero, Chief Revenue Officer of Tuum said:
“We’re thrilled to partner with Zenus Bank as they embark on their mission to democratise 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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Mushegh Tovmasyan, Chairman of Zenus Bank commented: “Tuum has been instrumental in helping us realise 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.”