Tuum announces partnership with personal finance management (PFM) platform Hysab Kytab
Tuum, the next-generation core banking platform, has announced a new partnership with Hysab Kytab, to give their clients access to a fully customisable and secure financial management solution, which can be offered to their end customers via an intuitive app.
A recent research has found that 44% of consumers would swap banks if it would help them to better manage their money amid the cost-of-living crisis. Financial institutions which utilise Hysab Kytab’s solution become financial advisors to their customers by gaining a 360-degree view of their finances. As a result, they can hyper-personalise their offerings and leverage cross-selling and/or up-selling opportunities in a non-intrusive way.
Thanks to this partnership, financial institutions using Tuum’s core banking solution can now easily add Hysab Kytab’s PFM tool to their offering and offer proactive financial insight and recommendations to their customers, enabling them to create budgets, track and organise their expenses etc.
Hysab Kytab’s clients, on the other hand, gain access to a full suite of banking capabilities provided by Tuum’s modular core banking platform, enabling them to launch new financial products from accounts and payments to loans and cards, and therewith scale their business with ease.
Yasir Ilyas, Head of Hysab Kytab, comments: “As a product company, our expansion/scale strategy demands finding well-reputed partners that have a track record of successful projects. This partnership with Tuum is key for our strategy, helping us expand in the European region. I look forward to creating success together with Tuum.”
Julien Douve, Global Head of Alliances & Partnerships at Tuum, comments: “We’re excited to be partnering with Hysab Kytab to give Tuum’s clients out of the box access to HK’s Personal Finance Management suite, helping them launch comprehensive retail banking product offerings in no time.”