As part of their collaboration, Zenus Bank went live with Tuum’s Accounts and Payments modules integrated with its technology and existing vendors. In addition, the current move falls in line with Zenus’ commitment to creating a global BaaS platform, enabling banks, fintech companies, super apps, and businesses worldwide to embed US banking services and offer them to their customers.
Moreover, by teaming up, Zenus Bank and Tuum plan to increase access to US banking services for businesses and consumers across the globe and, as the digital bank expands and scales its BaaS offering, the latter is set to remain a partner that can support it in growing its reach and footprint.
Banking-as-Service and further digital banking features
Furthermore, going live with Tuum’s Accounts and Payments modules supports Zenus in scaling its commercial banking capabilities and creating the foundation for its BaaS offering. Through these modules, the digital bank can advance its strategy, delivering cross-border transactional banking solutions while leveraging its regulatory and technological framework and utilising integrations with systems. When commenting on the announcement, representatives from Zenus Bank underlined that Tuum’s flexibility and time-to-market enabled the financial institution’s developers to mitigate complexities and place the bank in a strategic position for further growth. Currently, the digital bank works towards forging BaaS partnerships, with several of them planned to go live in the fourth quarter of 2024.
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