In the first half of 2025, Tuum, a core banking platform, has unveiled a suite of updates that aim to improve how financial institutions operate in an increasingly digital environment.
With a mission to liberate banks from legacy systems, Tuum’s H1 2025 product highlights focus on progressive modernization, product development, and scalability.
These updates span payments, lending, and cards, empowering institutions to launch faster, scale smarter, and stay ahead of market demands.
Tuum’s core banking enhancements are designed to support institutions managing complex, multi-entity operations.
The platform now enables seamless management of multiple brands, regulated entities, or regional business units within a single instance, supporting global, cross-border operations with tenant-specific pricing, limits, and behavioral rules.
This is useful for institutions like LHV, Zenus, and Solidgate, which rely on Tuum for high-volume Banking-as-a-Service (BaaS) use cases.
Performance improvements have boosted transaction throughput, enabling more simultaneous transactions and reservations—critical for handling vostro, master, and clearing accounts.
A standout feature is the introduction of pricing for non-monetary events, such as account updates or balance checks, which opens new monetization models like bundled telco and banking offers or integrated SME propositions.
Additionally, Tuum now supports joint accounts for private customers, enhancing its retail banking capabilities.
Configurable transaction descriptions further improve transparency, allowing banks to personalize account statements using a lookup API and predefined metasymbols, elevating customer experience and satisfaction.
Tuum has made significant strides in Islamic banking, addressing the growing demand for ethical, Sharia-compliant financial products in regions like the Middle East, Southeast Asia, and Europe.
The platform now supports Mudarabah, Wakalah, Wadiah, and Qard Hassan accounts with automated profit-sharing logic, ensuring compliance with Sharia principles.
A standalone profit-sharing module allows integration with any core system, enabling conventional banks to offer Islamic products alongside traditional ones.
The integration with DDCAP for Tawarruq-based financing further streamlines Murabaha contract execution, supporting real-time trade validation and disbursement.
These features position Tuum as a key player in cloud-native Islamic banking solutions.
Tuum’s payments module has been upgraded to meet regulatory and operational demands.
Integration with ComplyAdvantage enables real-time risk assessment against sanctions, PEP lists, and adverse media, ensuring compliance.
New inter-group payment types support internal transfers between legal entities using nostro/vostro structures, with multi-currency logic across accounts and apps.
Enhanced ISO 20022 messaging and nostro reconciliation within Central Link reduce manual tracking, while deeper integration with LHV Connect ensures efficient handling of EMI flows.
These updates prepare Tuum’s clients for embedded, cross-entity, multi-currency banking models.
Tuum’s lending enhancements offer greater flexibility for tailored credit propositions.
A new configuration framework supports variable payment frequencies and dynamic term structures, catering to consumer credit, SME loans, and Sharia-compliant financing.
Down payment support is now integrated into lending contracts, crucial for asset-backed models, including Islamic financing.
For the UK market, Tuum has added logic for early settlement calculations and shortfall accounting in vehicle financing, ensuring compliance and consumer-friendly terms.
Tuum’s cards module now offers advanced pricing flexibility and compliance features.
Card-level pricing and tiered fee logic enable differentiated monetization for various card types linked to the same account.
Freely definable transaction labels enhance pricing, fraud detection, and authorization rules.
A full audit trail of card lifecycle events improves transparency and compliance, while support for Mastercard MoneySend and Visa OCT ensures real-time fund posting.
Tuum is also testing Apple Pay onboarding, aligning with modern digital wallet demands.
Tuum’s H1 2025 updates reflect its commitment to a modular, API-first, cloud-native platform that empowers banks to develop solutions without constraints.
By enhancing core banking, Islamic finance, payments, lending, and cards, Tuum enables institutions to adapt to market needs.
As Tuum looks to H2 2025, it plans to deepen Islamic banking support, accelerate smart migration capabilities, and enhance platform excellence, ensuring banks and fintechs can launch and scale operations.