Global alliance formed between Solidgate and Tuum, aiming to facilitate international financial transactions
Solidgate Treasury, a collaborative solution between core banking provider Tuum and payment processor Solidgate, aims to revolutionise global B2B cross-border transactions by providing seamless access to international funds via streamlined business accounts and cards.
The partnership between the two companies is poised to eliminate traditional transactional friction, enabling businesses to scale internationally without the limitations imposed by conventional banking and payment systems.
Tuum's advanced, cloud-native, modular core banking technology forms the backbone of Solidgate Treasury, enabling money movement via multiple channels. This includes direct connectivity to major global payment networks such as SEPA (Single Euro Payments Area) and SWIFT, facilitating fast, secure, and reliable money movement worldwide.
The solution also benefits from a cloud-native, API-first, microservices architecture that supports multiple channels of money movement, including global transfers, card payments, and integration with fintech partners for services like mass payouts.
Tuum's flexibility allows Solidgate to introduce new services and ensure secure and efficient payout infrastructure for its clients as they expand into new markets. This scalability is demonstrated by Tuum's proven experience powering large-scale payment ecosystems like LHV's Banking-as-a-Service platform which processes a significant share of European instant payments.
Andrii Stas, PM at Solidgate Treasury, expressed excitement about the partnership with Tuum, stating that they can quickly ship multiple payment rails and services to customers. Miljan Stamenkovic, Chief Revenue Officer at Tuum, added that Tuum's mission is to provide a technological foundation that allows partners to innovate without limits.
Solidgate Treasury boasts scalability and proven success in high-volume, cross-border payments. It simplifies global B2B transactions and offers faster, more secure services for rapid growth. Tuum's modern, cloud-native architecture, built on microservices and API-first technologies, supports Solidgate's goals for innovation in the payments space.
The collaboration between Tuum and Solidgate demonstrates how Tuum's flexible, API-first architecture empowers businesses to meet current market demands and scale for future growth in the evolving payments landscape. Solidgate Treasury offers solutions for global transfers, card payments, and direct integrations with leading fintech service providers.
[1] Solidgate Treasury Press Release, https://www.solidgate.com/press-releases/solidgate-treasury-partners-with-tuum-to-deliver-sepa-swift-and-mass-payouts-to-cards-and-accounts-to-its-customers-in-a-short-period-of-time
[2] Tuum Press Release, https://www.tuum.co/news/tuum-and-solidgate-partner-to-accelerate-global-b2b-transactions
[3] Fintech Futures, https://www.fintechfutures.com/2022/01/tuum-and-solidgate-partner-to-accelerate-global-b2b-transactions/
[4] Payments Cards & Mobile, https://www.paymentscardsandmobile.com/news/tuum-and-solidgate-partner-to-accelerate-global-b2b-transactions/
- This partnership between Tuum and Solidgate in the banking-and-insurance and fintech industries aims to revolutionize cross-border payments, specifically in the business sector, by offering seamless access to international funds via streamlined business accounts and cards.
- By leveraging Tuum's advanced, cloud-native, modular core banking technology, Solidgate Treasury enables money movement via multiple channels, including direct connectivity to major global payment networks, thereby ensuring fast, secure, and reliable cross-border transactions worldwide.
- The collaboration between Tuum and Solidgate is expected to eliminate traditional transactional friction, allowing businesses to invest and scale internationally without the limitations imposed by conventional banking and payment systems.
- Technology plays a crucial role in this partnership, with Tuum's modern, cloud-native architecture, built on microservices and API-first technologies, supporting Solidgate's goals for innovation in the payments space, enabling services like global transfers, card payments, and direct integrations with leading fintech service providers.
