Flexys and Tuum announce partnership to modernise debt collection

Flexys, makers of leading debt management software, and Tuum, an innovative core banking provider, are joining forces. By integrating their powerful platforms, the partnership allows banks to modernise debt collection with a real-time, customer-friendly approach.

The challenges of outdated debt management systems

For banks, the economic landscape of rising consumer debt and stricter regulations is tough to navigate with outdated, clunky debt management systems. Manual processes and disconnected legacy tech make it an uphill battle to meet modern expectations for speedy, personalised service.

A unified ecosystem for debt collection transformation

But the Flexys-Tuum partnership has a refreshing solution. Their unified ecosystem replaces banks’ creaky old core systems with a cloud-based powerhouse that streamlines debt collection workflows from start to finish.

And by harnessing real-time data, banks can tailor interactions to each customer’s unique situation.

Flexys CEO highlights the benefits of the collaboration

“We’re thrilled to team up with Tuum and help banks break out of the legacy debt management rut,”

said James Hill, CEO of Flexys.

“With our integrated platforms, lenders can ditch inefficient processes in favour of frictionless digital experiences that genuinely support customers when they need it most.”

Tuum’s perspective on tackling debt management pain points

‍Jean Souto, VP, Global Partnerships at Tuum, echoed that sentiment:

“Flexys and Tuum are tackling debt management pain points head-on. Our partnership gives banks high-tech tools to streamline collections from end-to-end, reducing hassles through automation – a win for everyone involved.”

About Tuum

At Tuum, our mission is to allow banks to replace their legacy systems quickly and safely, to lower their maintenance spending and to open up new possibilities to adapt and prosper in the digital world; in short, to set them free.

We employ a smart migration approach to help banks to move off their current systems. Using this approach, our clients go-live on average within 7 months.

Once live, our system enables banks to easily launch new products and open up new verticals. Offering more than core, Tuum allows banks to operate multiple business lines from a single system, including accounts, lending, payments and cards, as well as go further through access to a pre-configurated ecosystem of partner solutions.

Tuum also allows for business transformation. Our business builder gives banks the fine-grained settings to precisely configure their operating, sourcing and distribution models to launch unique models to capitalise on the possibilities of digitization.

Tuum. Core banking. Without limits.

https://tuum.com/