NTT DATA Partners with Tuum to Launch Center of Excellence for Core Banking Modernization
NTT DATA, a leading global IT services company, has announced a strategic partnership with Tuum to establish a Center of Excellence (CoE) focused on core banking modernization. This new alliance will enhance the value proposition of NTT DATA’s portfolio and enable the delivery of superior customer success.
The CoE, based in Iberia, will leverage Tuum’s cloud-native technology to facilitate deployments and reduce time-to-market for banks seeking to replace their core systems. By integrating Tuum’s smart migration techniques with NTT DATA’s professional services and migration experience, this partnership will provide cost-effective and scalable banking solutions worldwide.
The center will be staffed by highly qualified teams of banking consultants with extensive experience in digital transformation projects, especially core banking modernization programs. NTT DATA’s CoE will capitalize on the growing demand for cloud-native solutions that offer flexibility, security, and seamless integration with cutting-edge technologies like Artificial Intelligence.
This collaboration not only allows Tuum to focus on developing and innovating its platform but also ensures that NTT DATA delivers professional services excellence. By joining forces, both companies aim to redefine core banking globally, driving innovation and efficiency for financial institutions.
José Manuel Pérez Bajo, Partner and Head of Banking Modernization at NTT DATA, expressed his excitement about the partnership, stating, “We are delighted to partner with Tuum to enhance our Banking Modernization value proposition. Moving business processes and applications to Next Generation Core Banking Platforms is essential in every modernization program within the sector.”
The launch of this CoE aligns with NTT DATA’s commitment to investing in Portugal and utilizing local talent to deliver banking modernization solutions for global markets. Pérez Bajo added, “From our Centers of Excellence in Spain and Portugal, we can deliver specialized services, accelerators, and experience to any of our clients in the region.”
Jean Souto, VP Global Partnerships at Tuum, emphasized the significance of the alliance, noting, “This partnership with NTT DATA is a milestone for Tuum, marking a significant step in our journey to redefine core banking globally. Our collaborative efforts with NTT DATA’s CoE will ensure that our clients not only stay ahead but also lead in a rapidly evolving financial landscape.”
With the growing demand for innovative banking solutions, powered by AI and cloud technologies, this partnership between NTT DATA and Tuum is poised to drive transformation and growth in the financial sector. By leveraging their respective expertise and capabilities, both companies are well-positioned to provide cutting-edge solutions tailored to the future of banking.
Analyst comment
Positive news. The partnership between NTT DATA and Tuum to establish a Center of Excellence for core banking modernization will enhance NTT DATA’s portfolio, provide cost-effective and scalable banking solutions, and drive innovation and efficiency for financial institutions. The collaboration will leverage cloud-native technology and expertise in digital transformation projects, positioning both companies to deliver cutting-edge solutions for the future of banking. Market outlook: Growth and transformation in the financial sector.
