Global partnership formed between Solidgate and Tuum, enabling international money transactions
In a groundbreaking collaboration, Tuum, a next-generation core banking provider, and Solidgate, a payment processing and orchestration platform, have joined forces to create Tuum Solidgate Treasury. This innovative solution is set to revolutionize the way businesses handle cross-border B2B payments, offering faster, more flexible, and scalable solutions for international money movement [1][4][5].
Tuum's core banking platform forms the backbone of Solidgate Treasury, providing the necessary solutions for money movement via multiple channels. This partnership has demonstrated its ability to scale alongside growing businesses, as shown by its support of over 200 fintechs worldwide and processing 7% of all European Instant Payments through LHV's Banking-as-a-Service platform [2].
Solidgate Treasury offers services like mass payouts to cards and accounts to its customers. One of the key features enabling faster and more flexible B2B payments is Tuum's cloud-native, composable architecture. This cloud-based and modular design allows for easy scalability and adaptability, making it ideal for integration with different financial systems worldwide [2][5].
Solidgate provides advanced payment orchestration functionalities that simplify complex cross-border payment flows, reducing friction and delays that typically affect international transactions [1][4][5]. The platform also incorporates AI and timely data analytics to give finance teams real-time visibility into payments, helping companies plan and execute payments with greater confidence amidst global economic volatility [3].
The Tuum-Solidgate Treasury initiative aims to deliver a platform that supports rapid product launches and expands capabilities through seamless integration with best-in-class providers. Andrii Stas, PM at Solidgate Treasury, stated that thanks to Tuum's ready-to-go solutions, they can quickly ship multiple payment rails and services to their customers [6].
Tuum's partnership with Solidgate is shaping the future of fintech by enabling faster, more flexible B2B money movement worldwide. This solution gives online businesses global access to their funds without the traditional bottlenecks, offering cross-border transactions for digital businesses, providing speed, scalability, and security [1][3][4][5].
Solidgate Treasury is built on a strong, industry-leading infrastructure with direct connections to global transfer rails like SEPA and SWIFT. This ensures secure and efficient payout infrastructure for Solidgate's clients as they expand into new markets [7].
Miljan Stamenkovic, Chief Revenue Officer at Tuum, stated that Tuum's mission is to provide a technological foundation for partners to innovate without limits [8]. Tuum's flexibility supports Solidgate's goals for innovation in the payments space, and the collaboration 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 [9].
In conclusion, the Tuum-Solidgate partnership is set to redefine the global B2B payments landscape. By leveraging modern technology, Tuum Solidgate Treasury aims to streamline and simplify international money movement, providing a cloud-based, AI-enhanced payment platform that is flexible, scalable, and designed for rapid execution and better cash flow management across borders [1][3][4][5].
- Ffnews.com reported that Tuum's core banking platform, a key component of the Tuum Solidgate Treasury, services over 200 fintechs worldwide and processes 7% of all European Instant Payments through LHV's Banking-as-a-Service platform.
- Solidgate Treasury, a technological venture between Tuum and Solidgate, offers advanced payment orchestration functionalities and is built on a strong infrastructure with direct connections to global transfer rails like SEPA and SWIFT, making it ideal for finance businesses needing faster, more flexible, and scalable solutions for international money movement.
