Tuum is a next-generation core banking platform, has partnered with ComplyAdvantage, a financial crime intelligence platform that offers AI-driven risk data and fraud detection technology to a global client base.
The partnership between Tuum and ComplyAdvantage is designed to deliver faster compliance, reduced risk, and enhanced operational efficiency for financial institutions. By integrating ComplyAdvantage’s advanced financial crime detection tools into Tuum’s core banking platform, the collaboration aims to help financial institutions adapt quickly to regulatory changes and improve their compliance posture.
Tuum operates as a core banking platform that enables banks to replace legacy systems, reduce maintenance costs, and adapt to the digital world efficiently. It allows for the launching of new banking products and business lines through its versatile platform, which supports accounts, lending, payments, and cards, among other services.
ComplyAdvantage provides critical financial crime risk data and fraud detection solutions. Its technology is pivotal in automating real-time AML screening, performing holistic risk assessments using AI and machine learning, and ensuring efficient, compliant customer onboarding.
ComplyAdvantage Global Partnerships Lead, Kanisha Patel, said, “We are delighted to partner with Tuum to offer our advanced, AI-driven financial crime intelligence products alongside Tuum’s core banking platform. We believe every financial institution can – and must – have access to best-in-class risk management solutions. This partnership is an important milestone on that journey.”
Jean Souto, VP Global Partnerships at Tuum, stated, “This alliance with ComplyAdvantage allows us to provide our clients with unparalleled compliance solutions, reinforcing our commitment to delivering cutting-edge, adaptable banking technology.
“By leveraging our cloud-native platform and partner marketplace, we can deploy end-to-end regional solutions quickly and flexibly, ensuring financial institutions are equipped with the necessary tools to operate efficiently and competitively in their respective regions. This modern approach enables faster compliance, reduces business risk, and increases operational efficiency, empowering financial institutions to meet regulatory demands head-on while driving their business forward.”
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