Since the partnership began in 2020, Tuum has played a central role in Multitude Bank’s transformation by streamlining its technology infrastructure, harmonizing operations across more than ten European markets, and accelerating the rollout of new financial products. Based in Malta and operating within a highly regulated and diverse payments ecosystem, the Bank has relied on Tuum’s platform to simplify complexity and support strategic diversification.
As Multitude advances its consolidation of core systems and explores growth opportunities in areas such as consumer finance (through the Ferratum brand), secured lending, and cross-border payment services, Tuum remains the unified backbone of its technology stack. The platform supports the Bank’s expanding product suite, multi-country compliance needs, and integration with major payment schemes including SEPA, SEPA-INST, Sweden’s RIX/BANKGIROT, and the Czech Republic’s CERTIS.
“Working with cutting-edge technology partners like Tuum is essential to our goal of building a flexible, resilient, and scalable banking environment,” said Kornel Kabele, CTO of Multitude. “Extending this partnership aligns with our commitment to collaborate with the best IT providers who share our vision for smarter, more connected financial services in Europe. It enables us to innovate faster, enhance operational robustness, and elevate the customer experience.”
Miljan Stamenkovic, Chief Revenue Officer at Tuum, added: “Multitude exemplifies the next era of banking—diverse, multi-market, and innovation-driven. We are proud of the strong collaboration we’ve developed since 2020, and this renewed partnership highlights the strength of our platform in supporting complex, high-volume banking environments. Multitude’s continued trust motivates us to deliver the core banking capabilities they need as they pursue their ambitious long-term strategy.”
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