Tuum x DDCAP ETHOS announce partnership to provide pre-integrated fintech solution for Islamic financial market

Tuumleading provider of next generation banking services, e DDCAP™ Group (DDCAP) have collaborated to offer a pre-integrated fintech solution to improve end-to-end trade execution and Sharia-compliant transaction processing.

From the partnership, DDCAP and Tuum customers will gain the ability to migrate legacy services, automated transaction execution and post-trade support for Sharia-compliant financing and other credit products through a seamlessly integrated offering made available exclusively through the core solution Tuum banking in collaboration with DDCAP. ETHOS AFP™ (ETHOS).

This integration will further enhance the automation of Islamic asset-based transactions, with capabilities that enable full customer activation, prioritizing Sharia-focused integrity and end-to-end solution validation.

The implementation of the APIs will eliminate manual intervention during trade and post-trade cycles, thus providing Tuum’s core banking customer with access to a fully integrated, Sharia-compliant interface of DDCAP ETHOS.

“DDCAP is very excited about this strategic partnership. Both we and Tuum share the mission of offering new and efficient system solutions to our customers, in order to facilitate both a quick start to implementation and a rapid migration from legacy systems. Our integrated offering will enable Islamic financial market participants to access a platform capable of managing multiple lines of business from a single system. This will facilitate the launch of new products and improve the efficiency of existing ones to better compete and succeed in the digital world” She said Stella Cox CBE, FCSI (Hon), Chief Executive Officer, DDCAP Group™.

“Tuum is excited to partner with DDCAP, a leader in Sharia compliant solutions. This partnership represents a significant milestone in our commitment to providing the most advanced next-generation Islamic core banking solutions. By integrating with DDCAP’s ETHOS AFP™, we are not only enhancing our Islamic product offering, but also strengthening our strategic investments in the Middle East. Together, we aim to empower the region’s financial institutions with seamless, Sharia-certified solutions that meet the evolving needs of their customers,” Comments Jean Souto, vice president, global partnerships at Tuum.

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