10x Banking Platform vs Tuum
10x Banking Platform
10xbanking.comTuum
tuum.comSide by side
| Figure | 10x Banking Platform | Tuum |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 1 |
| Spec score · Core Banking Software | 8.2 (#2) | 7.4 (#13) |
| Spec score · Banking Systems | 8.2 (#3) | 7.4 (#10) |
| Founded | 2016 | 2019 |
| Headquarters | London, United Kingdom | Tallinn, Estonia |
| Intended customers | 10x presents the platform for retail, SME, corporate, and embedded finance banking propositions, including use by banks and non-bank brands. | Tuum says it serves institutions ranging from multinational banks to fintechs and small and medium-sized enterprises. |
| Scale | The site states the platform supports over 100 million accounts, 99.99% uptime and over 10,000 transactions per second. | Tuum states its platform supports 2,500+ transactions per second and 99.99% uptime. |
| Security | 10x says it holds ISO 27001, ISO 27017, ISO 27018 and SOC 2 Type II certifications and performs external penetration testing at least annually. | Tuum announced that it achieved ISO 27001 certification in May 2022 after a company-wide audit of data management, technology, and risk practices. |
| What it does | A cloud-native core banking platform for financial institutions modernizing or launching banking services. | Tuum is a modular, cloud-native core banking platform for banks and fintechs, covering accounts, payments, lending, cards, and Islamic banking. |
| Who it serves | The company identifies banks, building societies, mutuals, specialty lenders and non-bank brands embedding financial services as users of the platform. | Tuum says it is designed for traditional banks, neobanks, digital-first financial institutions, fintechs, NBFIs, EMIs, and PSPs. |
Plans
In their own words
10x Banking Platform
10x Banking Platform has no write-up on Specifiction yet; its figures are above.
Tuum
Tuum is a modular core banking platform for banks and financial institutions, with capabilities for accounts, payments, lending, cards and Islamic banking. Customers can select modules, and an API-first microservices architecture is intended to support incremental modernization alongside legacy systems. Deployment options include public cloud, private cloud, on-premises and hybrid environments. Tuum says open APIs and pre-built integrations connect third-party systems and providers. Listed payment integrations include Centrolink, Currencycloud, LHV and Banking Circle, with AML connectivity from ComplyAdvantage and Hawk; card connections include Nets and Paymentology, plus Mastercard tokenization through MDES. The platform supports multi-currency accounts and virtual IBANs, card issuing and processing, and payment operations including SEPA, SWIFT, FX and direct debits. Tuum states support for more than 2,500 transactions per second and 99.99% uptime. Its Islamic Banking module is described as AAOIFI-compliant. Tuum says average core banking implementation takes less than seven months. Founded in 2019 and headquartered in Tallinn, Estonia, the company offers pricing on request and directs prospective customers to book a demo. It is a software vendor, not a provider of an EMI or banking license.