London, 1st December 2022 – Tuum, the next-generation core banking platform, has today announced the appointment of Giorgio Daher as UK Sales Director. The appointment is part of the company’s wider strategy to support strong demand for Tuum’s technology in the UK , including the opening of a new office in London. 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.
Giorgio Daher has been appointed to drive sales in the UK, with an emphasis on extending the customer base both among financial institutions and fintechs. He will join the London team based in the recently-opened offices in the city, established to provide enhanced local insights and support. Tuum’s growing list of customers in the UK include LHV UK, Fiinu and Payally. Giorgio has a profound understanding of customer needs in the financial services sector, gained through roles held at Gartner, IBM and Thompson Reuters. He also has a strong academic background in finance, holding 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.” In addition, Giorgio is a visiting lecturer in banking at EM Normandie Business School’s campus in Oxford.
Founded in 2019 by experts in banking and financial technology, Tuum is seeing growing demand across Europe for its next-generation, modular core banking platform. Tuum’s cloud-agnostic platform allows financial service providers to quickly and easily roll-out new financial products and services, enabling them to better address the needs of their customers. To keep pace with demand , 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.
Rivo Uibo, Co-founder & Chief Business Officer at Tuum commented: “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. 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.”