Tuum, a core banking platform founded in Estonia, has appointed Giorgio Daher as UK sales director and opened a base in London.

The company says the appointment is part of its wider strategy to support strong demand for Tuum’s technology in the UK. 

More widely, Tuum is rapidly expanding its customer base across Europe and has grown its Annual Recurring Revenue (ARR) by 388% over the last 12 months.

Founded in 2019, its cloud-agnostic platform allows financial service providers to quickly and easily roll out new financial products and services. The company has increased headcount by 35% over the last 12 months, growing from 65 employees at the end of 2021 to more than 100 today. 

Daher, who has held roles with Gartner, IBM and Thompson Reuters, will look to extend its customer base among both financial institutions and FinTechs. Its growing list of customers in the UK include LHV UK, Fiinu and Payally. 

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Daher also holds an executive PhD from Université Paris Dauphine. He has written a PhD thesis and a book, which is soon to be published by De Gruyter, on the subject of ‘Banking in the age of platform economy’. He is also a visiting lecturer in banking at EM Normandie Business School’s campus in Oxford. 

“The current economic climate is putting further pressure on financial service providers to quickly roll out services that make customers’ lives easier and fit their individual circumstances,” said Rivo Uibo, co-founder & chief business officer. 

“Our modular core banking technology offers companies a simple way of upgrading their tech stack to offer new services without the need for costly and disruptive IT overhauls.

“We are delighted to have Giorgio Daher join our team. As an expert in the field of modern banking, Giorgio will be a huge asset in expanding our growing customer base in the UK and responding to local demand from financial service providers for modular banking technology to enable them to  offer the services their customers really need at this time of economic difficulty.”

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