Tuum and TransactionLink Team Up to Transform FinTech Onboarding

In a significant move to enhance FinTech onboarding processes, Tuum, a pioneer in next-generation core banking services, has partnered with TransactionLink, a company dedicated to automating and streamlining KYB/KYC procedures, as outlined in Fintech Global News. Announced on May 10, 2024, this partnership aims to revolutionize the financial sector by improving operational efficiency, scalability, and speed of market entry for banks and FinTech companies.

Tuum’s core banking platform is designed to swiftly replace outdated banking systems, thus minimizing maintenance costs and enhancing the ability to launch new financial products and services efficiently. Meanwhile, TransactionLink specializes in optimizing business onboarding with an innovative automation platform that not only meets current regulatory and client demands but also simplifies the integration of services.

The collaboration is poised to offer several benefits to businesses, including reduced onboarding times, enhanced scalability for future growth, and significant resource savings. This strategic alliance allows companies to concentrate on their core functions and innovation, leveraging efficient management of onboarding processes.

Recent trends in the industry highlight the critical need for modernized onboarding solutions. The joint effort by Tuum and TransactionLink aims to address these needs by providing a holistic solution that improves the client experience and facilitates business expansion in a competitive environment.

Mateusz Pniewski, CEO and co-founder of TransactionLink, expressed enthusiasm about the collaboration, stating, «We are excited to join forces with Tuum to offer our clients a comprehensive solution that streamlines onboarding processes and drives business growth. This partnership underscores our commitment to innovation and excellence, empowering businesses to thrive in today’s competitive landscape.”

This partnership between Tuum and TransactionLink marks a crucial step forward in refining FinTech onboarding processes, setting a new standard in the financial services industry.