Tuum, an Estonia-based next-generation core banking platform, has entered into a strategic partnership with maib, Moldova’s largest bank, to support its entry into the Romanian market.
The partnership will see Tuum provide the core banking infrastructure for maib’s new digital banking initiative in Romania, which will operate as a retail-focused, asset-light entity.
Following an extensive evaluation of core banking providers, maib selected Tuum for its modular design, modern system architecture, and its flexible deployment options.
Tuum’s ability to offer agnostic deployment, including in-country hosting where required, was noted as a key factor in ensuring compliance with European data residency requirements as maib expands its operations.
Jurgen de Ruijter, Head Representative of maib’s operations in Romania, said:
“maib’s decision to partner with Tuum came after a comprehensive evaluation of leading core banking platforms. Tuum was identified as the most modern, modular, and technologically advanced platform, setting it apart from other next-generation core banking solutions. We believe this solution supports us in our endeavour to build the next generation fintech.”
Miljan Stamenkovic, Chief Revenue Officer at Tuum, commented:
“This is a milestone partnership for Tuum and a powerful validation of our platform’s leadership in the European core banking market. maib’s expansion into Romania is one of the most ambitious digital banking initiatives in the region, and we’re proud to support it with a solution engineered for speed, scalability, and compliance. Our agnostic deployment capability was a decisive factor, proving once again that flexibility is key in enabling banks to move fast and scale smart.”
The collaboration underlines Tuum’s role in supporting traditional financial institutions as they pursue growth strategies with modern, cloud-native systems, particularly in launching and expanding digital banking services across Europe.
Featured image credit: Edited by Fintech News Baltic, based on image by Who is Danny via Freepik
