‘Joint venture between CREALOGIX and Tuum to revolutionize EMEA banking’

CREALOGIX and Tuum have joined forces in a strategic alliance to revolutionize the banking and financing landscape in the GCC region. This partnership aims to deliver a comprehensive suite of services to customers, including accounts, cards, payments, cash financing, microfinancing, and car financing solutions.

The signing of the partnership took place at the SEAMLESS Middle East 2024 event held at the Dubai World Trade Center. This collaboration comes at a crucial time following the UAE’s announcement of its groundbreaking Open Finance Regulation, which sets a new standard for open banking in the region.

Miljan Stamenkovic, VP EMEA at Tuum, expressed excitement about the partnership, highlighting the shared commitment to secure, open, and composable platforms. By combining CREALOGIX’s platform capabilities with Tuum’s innovative core banking solution, the alliance aims to provide institutions in the GCC with the agility and scalability needed to thrive in today’s dynamic financial landscape.

Khalid Al Ahli, ME Executive Director at CREALOGIX, emphasized the significance of the partnership in offering best-in-class financial technology solutions. He stressed the importance of embracing innovation in the face of rapid technological advancements to meet evolving customer demands and unlock new revenue streams.

Overall, the collaboration between CREALOGIX and Tuum is set to transform the banking experience for customers across the GCC region, empowering financial institutions to leverage cutting-edge technologies and streamline processes. This strategic alliance marks a significant step forward in the mission to provide innovative banking solutions tailored to meet the needs of today’s dynamic financial industry.