Tuum, an Estonia-based next generation core banking provider, has announced a partnership with Solidgate, a London-based payment processing and orchestration platform, to support the launch of Solidgate Treasury.
The solution enables online businesses to access and manage their funds globally, aiming to remove common obstacles in cross-border payments.
Solidgate Treasury is built on a core infrastructure that includes direct access to global payment rails such as SEPA and SWIFT.
Tuum’s platform underpins the solution, offering out-of-the-box capabilities that support various payment methods, including global transfers, card payments, and integrations with service providers in the fintech ecosystem.
“We are excited to work with such a strong network of partners to make Solidgate Treasury happen,”
said Andrii Stas, Product Manager at Solidgate Treasury.
“Thanks to Tuum’s ready-to-go solutions, we can ship multiple payment rails like SEPA, SWIFT, and services like mass payouts to cards and accounts to our customers in a very short period of time.”
Solidgate required a partner capable of handling high transaction volumes and supporting global scalability.
Tuum was selected based on its previous work powering LHV’s Banking-as-a-Service platform, which processes 7 percent of all European Instant Payments and supports over 200 fintech companies.
Tuum’s cloud-native platform, built on microservices and an API-first approach, also aligned with Solidgate’s requirements for flexibility and speed in launching new services and infrastructure for client payouts.
“At Tuum, our mission is to provide the technological foundation that allows our partners to innovate without limits,”
said Miljan Stamenkovic, Chief Revenue Officer at Tuum.
“With Solidgate’s ambition to introduce Treasury for its merchants, we’re proud to deliver a platform that not only supports rapid product launches but also expands its capabilities through seamless integration with best-in-class providers. This collaboration demonstrates how our flexible, API-first architecture empowers businesses to meet current market demands and scale for future growth in the evolving payments landscape.”
Featured image credit: Edited by Fintech News Baltic, based on image by rawpixel.com via Freepik
