Core banking tech challenger Tuum hires global partnerships VP
Launched in 2019 in Estonia, Tuum is keen to expand beyond its current Nordic client base to Europe and the Middle East. To enable this, the banking tech vendor says it is “actively forming partnerships with global consultancies, local system integrators, infrastructure providers, and complementary solutions providers”.
Tuum says Souto will play a key role in helping the challenger “to become a market leader in the $12 billion core banking market”.
Souto brings 25 years of experience in working in consulting, banking, and digital transformation. He moves from Feedzai, where he led the fintech’s global partnerships for one year.
“It was an easy decision for me to join Tuum,” he comments on his appointment. “Few core banking vendors are achieving the level of customer success that Tuum is delivering, which is translating in strong pipeline and revenue growth.”
He says he will address the challenge “to scale fast enough to meet the untapped demand, particularly amid mid-tier banks”.
Tuum’s known customers are LHV Bank in the UK (Estonia’s LHV Group is also an investor in Tuum) and SweepBank in Europe. According to strategy consulting firm Aperture, the vendor has sold its system to 15 financial institutions to date, of which 12 are now live.