digital<\/a> foundation for its newly licensed e-banking venture in the Middle East and Africa (MEA), Uptex Bank.<\/p>\nThis strategic collaboration represents Tuum\u2019s first customer in the Middle East and underscores its commitment to enabling innovation-driven financial institutions in fast-growing, highly regulated markets.<\/p>\n
Following OBD\u2019s recent e-banking licence acquisition, Uptex Bank will introduce a comprehensive suite of digital wallet and payment services, forming the cornerstone of the group\u2019s rapidly expanding financial ecosystem. The new digital proposition will connect seamlessly with OBD\u2019s other financial platforms, including Uptex Broker, a leading forex and CFD broker in the MEA region, and Rizzbees, an EU-licensed cryptocurrency exchange. Powered by Tuum\u2019s modular, API-first core banking system deployed via AWS in Europe, the platform is designed for rapid scalability, robust compliance, and accelerated time-to-market.<\/p>\n
In selecting its technology partner, Uptex Bank prioritised speed of delivery, regulatory readiness, and scalability. Tuum\u2019s collaborative approach, acting as a true strategic partner rather than a traditional vendor, was pivotal in enabling the delivery of a Minimum Viable Product (MVP) in an ambitious timeframe without compromising operational resilience or compliance integrity.<\/p>\n
Miljan Stamenkovic, Chief Revenue Officer at Tuum,<\/strong> said, \u201cThis is a landmark win for Tuum. It demonstrates the growing demand for modern, modular core banking platforms in the Middle East. OBD is building a bold, differentiated proposition in Oman, and we are proud to power its infrastructure.\u201d<\/p>\nArchie Sol, Chief Marketing Officer of Uptex Bank,<\/strong> said, \u201cWe\u2019re building a unique e-money proposition that brings together traditional and next-gen financial services into one seamless ecosystem. Tuum stood out as the platform to help us achieve this vision. From their sleek technology to the responsiveness of their team, it was clear they\u2019re not just a vendor they\u2019re a partner. With Tuum, we\u2019re not only launching fast, we\u2019re building for scale. Uptex Bank is designed for people tired of the old way banks treat them from Gen Z and digital-first users to everyday customers seeking something faster, fairer, and more intuitive. With Tuum\u2019s flexible, API-first platform, we\u2019re creating a banking experience that\u2019s modern, human, and built for how people live now, not how banks used to operate.\u201d<\/p>\n\n","protected":false},"author":35851,"featured_media":568887,"parent":0,"template":"","categories":[11395,11381,41779,11368,11375,11376,42764,11379,35279,11384,11397],"tags":[12849,12663,11668,11649,12004,11438,11409,12472,11769,11549,11515],"class_list":["post-569621","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-artificial-intelligence","category-banktech","category-core-banking","category-cybersecurity","category-digital-banking","category-digital-payments","category-lending","category-loans","category-payments","category-saas","tag-africa","tag-ai","tag-cross-border-payments","tag-digital-banking","tag-digital-lending","tag-digital-payments","tag-digital-transformation","tag-financial-inclusion","tag-financial-institutions","tag-financial-services","tag-fintech"],"acf":[],"yoast_head":"\n
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