NTT DATA has recently announced the launch of a new initiative aimed at revolutionizing banking modernization. This corporate Center of Excellence (CoE), located in Iberia, has been established through a collaboration with Tuum, a prominent provider of cloud-native technology. The primary objective of this CoE is to streamline deployments and reduce the time-to-market for banks seeking to upgrade their core systems.
The partnership between NTT DATA and Tuum is set to enhance the capabilities of both organizations in delivering exceptional customer success. Tuum’s cloud-native technology offers a wide range of functionalities across various business lines, including accounts, lending, cards, and payments. This will be complemented by NTT DATA’s comprehensive suite of professional services.
The strategic collaboration between NTT DATA and Tuum aims to integrate Tuum’s intelligent migration techniques with NTT DATA’s extensive range of professional services and successful migration experience. This unified approach is intended to deliver cost-effective and scalable banking solutions on a global scale.
The CoE at NTT DATA is staffed by consultants specializing in banking and possessing extensive experience in developing digital transformation projects, particularly in core banking modernization programs. These projects focus on the adoption of cloud-native solutions that offer greater flexibility and security, as well as seamless integration with cutting-edge technologies such as Artificial Intelligence.
The establishment of this center is not only driven by NTT DATA’s investment in Portugal, but also by the desire to leverage existing talent to deliver banking modernization solutions for other markets where the company operates.
José Manuel Pérez Bajo, Partner and Head of Banking Modernization at NTT DATA, expressed his enthusiasm about the partnership with Tuum, stating, “We are delighted to partner with Tuum to enhance our Banking Modernization value proposition.”
Jean Souto, VP Global Partnerships at Tuum, echoed this sentiment, emphasizing the significance of the alliance in redefining core banking globally. Souto highlighted the collaborative efforts with NTT DATA’s CoE in driving innovation and efficiency for financial institutions.
The partnership between NTT DATA and Tuum represents a significant milestone for the future of banking modernization. It aims to propel the industry forward by offering agile and adaptive solutions tailored for the evolving financial landscape.
In conclusion, the collaboration between NTT DATA and Tuum signifies a pivotal moment in the journey towards empowering banking modernization. This strategic alliance is poised to redefine the core banking sector on a global scale, driving innovation and efficiency for financial institutions.
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