By adopting Tuum\u2019s cloud-native platform, LHV Bank has streamlined financial product development, enhanced operational flexibility, and improved its ability to adapt to market demands, positioning itself for continued innovation.<\/p>\n
Introduction: Powering One of Europe\u2019s Largest BaaS Providers<\/strong><\/p>\n LHV Bank, a UK-licensed financial institution and one of Europe\u2019s largest Banking-as-a-Service (BaaS) providers, is at the forefront of enabling embedded finance. The bank serves over 200 Fintechs, including Wise, Coinbase, and Trustly, and facilitates 8% of all European real-time payments. With a global customer base exceeding 10 million, LHV Bank needed a modern core banking infrastructure that could scale with its rapid growth, support multi-entity operations, and ensure regulatory compliance in the highly competitive UK financial services sector.<\/p>\n LHV Bank\u2019s objective was to transform its core banking operations with a scalable, cloud-native solution that would allow for seamless expansion, rapid product development, and increased operational efficiency. However, it\u2019s existing legacy core banking system was becoming a bottleneck, limiting flexibility and making it increasingly difficult to support Fintech partners and SME customers.<\/p>\n The Challenge: Overcoming Legacy System Constraints<\/strong><\/p>\n LHV Bank\u2019s core banking system had been inherited from its parent company in Estonia. While functionally, it lacked the flexibility, speed, and modularity required to support LHV Bank\u2019s expansion plans. To secure its UK banking license, LHV Bank needed a modern, independent core that could:<\/p>\n LHV Bank sought a technology partner that aligned with its long-term growth strategy, providing a foundation for future-proofing its operations while maintaining full control over its product roadmap.<\/p>\n The Solution: Tuum\u2019s Scalable, API-First Core Banking Platform<\/strong><\/p>\n LHV Bank selected Tuum\u2019s cloud-native, modular core banking platform as the foundation for its transformation. With its API-first architecture, real-time processing capabilities, and fine-grained configurability, Tuum equipped LHV Bank with the agility to launch, scale, and innovate without the constraints of outdated technology.<\/p>\n Key Features and Benefits of the Tuum Platform for LHV Bank:<\/strong><\/p>\n Implementation Process: A Structured Approach to Core Modernisation<\/strong><\/p>\n To minimize risk and ensure operational readiness, LHV Bank and Tuum followed a phased migration strategy.<\/p>\n Comprehensive System Assessment:<\/p>\n Configuration & Testing:<\/p>\n Data Migration & Integration:<\/p>\n Post-Launch Optimization:<\/p>\n Benefits Achieved: Transforming BaaS at Scale<\/strong><\/p>\n Since implementing Tuum\u2019s platform, LHV Bank has cemented its position as one of the European leader in BaaS and embedded finance.<\/p>\n Conclusion: A Future-Proof Banking Foundation<\/strong><\/p>\n By leveraging Tuum\u2019s cloud-native core banking technology, LHV Bank has achieved greater independence, scalability, and innovation. The bank is now better positioned to expand into new markets and further strengthen its BaaS leadership, rapidly launch new products across lending, deposits, and embedded finance, and enhance operational resilience while maintaining full regulatory compliance.<\/p>\n With Tuum, LHV Bank has transformed from a Fintech enabler into a leading provider of scalable, future-proof banking solutions, solidifying its position as one of the most reliable BaaS providers in Europe.<\/p>\n Key Facts<\/strong><\/p>\n Supplier:<\/strong> Tumm\n
\n
\n
\n
\n
\n
\n
\nHeadquarters:<\/strong> Tallinn, Estonia
\nClient:<\/strong> LHV Bank UK
\nHeadquarters: <\/strong>London, United Kingdom.
\nSolution:<\/strong> Core Banking, Payments, Lending, Cards.<\/p>\n","protected":false},"featured_media":567872,"template":"","categories":[],"tags":[],"class_list":["post-567871","casestudy","type-casestudy","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n