The partnership combines Tuum's cloud-native core banking technology with CoorB's on-the-ground implementation and Shariah advisory expertise, providing core modernization, Islamic banking, Banking-as-a-Service, digital wallets, and embedded finance.
Tuum and CoorB join forces to accelerate Middle East banking transformation
Tuum, a leading 4th generation cloud-native core banking platform provider, and CoorB, a leading digital banking acceleration and financial technology services company, are pleased to announce a strategic partnership aimed at helping banks, fintechs, and financial institutions across the Middle East and beyond accelerate their digital transformation journeys. By combining Tuum's API-first core banking technology with CoorB's deep expertise in digital banking, embedded payments, and financial services, the partnership will enable clients to launch innovative financial products faster, reduce operational complexity, and deliver superior customer experiences.
A comprehensive offering from strategy to growth
Through this collaboration, both organizations will provide a comprehensive offering that supports financial institutions from strategy and design through to implementation and growth. The partnership is expected to help banks modernize their legacy infrastructure, introduce new digital and Shariah-compliant financial services, and respond more efficiently to evolving customer expectations and regulatory requirements across the region. Tuum's proven cloud-native banking platform, combined with CoorB's end-to-end delivery capabilities and regional market expertise, creates a powerful foundation for the next generation of digital financial services.
Powering Islamic banking, BaaS, and wallet-as-a-service adoption
The partnership is also expected to support key industry trends, including the expansion of banking-as-a-service (BaaS) offerings, the acceleration of wallet-as-a-service (WaaS) adoption, and the growing demand for modern Islamic banking propositions across the Middle East. Tuum's Islamic banking capabilities support Islamic banks and windows, offering Islamic accounts and deposits, configurable profit calculation and distribution, and asset-backed financing structures such as Tawarruq. This enables financial institutions to create new revenue streams and deliver embedded financial experiences more efficiently.
Bhavna Rishi, Global Head of Partnerships, Tuum
"Middle East financial institutions want practical ways to modernize their core infrastructure and launch new digital and Islamic banking propositions. CoorB brings regional knowledge and delivery experience that make that possible. Together, we help institutions move from strategy to production faster, without compromising control, scalability, resilience, or regulatory readiness."
Ahmed Gaber, CEO, CoorB
"This partnership with Tuum represents an important step in our mission to help financial institutions transform and scale with confidence. Together, we offer a powerful combination of technology, industry expertise, and execution capabilities that will enable our clients to build future-ready financial services and deliver exceptional customer experiences."
