Moldovan bank maib signs with Tuub for Romanian ops
0
Tuum's SaaS core banking platform will serve as the foundation for maib's greenfield operations in Romania.
Maib selected Tuum in Romania after a comprehensive evaluation of leading core banking providers. Tuum stood out for its modularity, modern architecture, and rare ability to support agnostic deployment. This feature, enabling in-country deployment where necessary, was a key differentiator, future-proofing maib European data residency compliance as it scales.
Jurgen de Ruijter, Head Representative of maib's operations in Romania, stated:
'Maib's decision to partner with Tuum came after a comprehensive evaluation of leading core banking platforms. Tuum was identified as the most modern, modular, and technologically advanced platform, setting it apart from other next-generation core banking solutions. We believe this solution supports us in our endeavour to build the next generation fintech.'
Miljan Stamenkovic, Chief Revenue Officer at Tuum, commented:
'This is a milestone partnership for Tuum and a powerful validation of our platform's leadership in the European core banking market. Maib's expansion into Romania is one of the most ambitious digital banking initiatives in the region, and we're proud to support it with a solution engineered for speed, scalability, and compliance. Our agnostic deployment capability was a decisive factor—proving once again that flexibility is key in enabling banks to move fast and scale smart.'
This deal highlights Tuum's leadership in enabling established financial institutions to execute 'launch and expand' strategies with modern, cloud-native technology. It reinforces Tuum's role as a strategic partner for ambitious digital banking ventures across Europe.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mirror
6 hours ago
- Daily Mirror
Huge car brand returning to the UK selling all EV line-up only available in four countries
The legendary manufacturer's return to Great Britain signals the accelerating evolution of the automotive industry, with petrol-guzzling muscle cars making way for emission-free automobiles An iconic name in the automotive world is making a clean break from its past and gearing up for a major return to the UK market following an eight-year absence. American luxury brand Cadillac, which has long been associated with big V8s and bold design, will be offering a lineup of fully electric vehicles when it relaunches on British soil. Cadillac's return is a bold move by General Motors (GM), which established its European headquarters in Zurich back in 2021 as part of a renewed continental push. The first UK-bound model will be the Cadillac Lyriq, a premium all-electric SUV retailing at around £68,000, that has so far only been available in Switzerland, France, Sweden and Germany. It comes after UK drivers were warned over 'avoiding' road instead of having to follow new rule. According to CEO of GM Europe, Pere Brugal, the brand will focus solely on electric vehicles, with the UK being one of its key markets going forward. He told Autocar: "It is one of the [markets] that we're focusing on right now." While the UK release date hasn't yet been revealed, the CEO did confirm the Lyric will be available soon after final testing is completed in Ireland, and that Cadillac is aiming to launch in the UK with at least two models. But Mr Brugal declined to confirm which ones will be joining the Lyriq, saying: "We want to make sure we launch not only with one model portfolio. We want to make sure we launch with at least a two-model portfolio." The specifications of the Lyriq are impressive — the entry-level version offers a range of around 330 miles and generates 520bhp. Those wanting an extra boost can choose the performance-focused top-tier model, which increases power to 606bhp. However, as Mr Brugal pointed out, launching in the UK is not just about shipping cars across the Atlantic. The ability to import Cadillac's growing portfolio will depend heavily on the alignment of emission regulations and safety standards between the US and Europe. "If the regulations between the US and Europe harmonise, it will make our life easier," he explained. "We will bring a lot of benefit to the final customer, because that will increase the range of options.' He also noted the possibility of designing a bespoke GM model specifically for European tastes. Unlike previous Cadillac ventures in the UK, the relaunch will eschew traditional dealership networks. Instead, the all-electric models will be sold using an online-based model, supported by pop-up 'experience' centres inviting customers to see, drive and configure their cars. This strategic attempt to modernise the buying experience mirrors the approach used by other EV manufacturers such as Polestar. As the Lyriq prepares to hit UK roads, Cadillac's all-electric resurgence signals not just the return of an iconic brand, but also the accelerating evolution of the automotive industry, with tradition giving way to innovation and petrol-guzzling muscle cars making way for emission-free automobiles.
Times
8 hours ago
- Times
Trump's ‘biggest deal ever' is no such thing, but I have faith in Europe
European funds and shares jumped for joy when the American president, Donald Trump, announced he had agreed 'the biggest deal ever struck by anybody' with the European Commission president, Ursula von der Leyen. Unfortunately, the euphoria proved short-lived, as markets realised that this new deal means most companies in most countries will collectively pay billions more tax to trade in the world's biggest economy. However, slashing tariffs from 30 per cent to 15 per cent on most exports to America represents a substantial improvement on earlier fears. Closer to home, the British prime minister, Keir Starmer, also met Trump at one of his Scottish golf courses to — among other things — tee up American import taxes set at 10 per cent for our cars and zero for aircraft engines, which Starmer hailed as safeguarding our world-class automotive and aerospace industries. Coming down from the clouds of global politics and macroeconomics, this small, long-term DIY investor is glad I ignored many pessimistic predictions elsewhere to keep faith with British and continental funds and shares. This year's stand-out winner so far is a little-known London-listed investment trust, whose share price has soared 60 per cent since March. That's when I paid 53p for Seraphim Space Investment Trust (stock market ticker: SSIT) shares, as reported here at that time. They traded at 85p at close of play on Friday. One stellar attraction of this £239 million space technology fund is its focus on defence companies listed in Europe. These businesses are benefiting from increased demand from continental countries since America warned that everyone must pay more for our own security in future. But Seraphim's chief executive, Mark Boggett, emphasised that extraterrestrial technology can also have more peaceful applications. He told me: 'Satellite-driven weather forecasts are increasingly vital to modern agriculture, providing real-time, precise data that helps farmers make smarter decisions about planting, irrigation, pest control and harvesting. 'By reducing the uncertainty of unpredictable weather, these forecasts improve crop yields, enhance resource efficiency and build resilience. a Seraphim holding, is building its own satellite constellation to derive truly global data, enabling hyperlocal and highly accurate short-term weather forecasts. • A robot surgeon? I'll put my money on that 'These have achieved some impressive savings: 20 per cent less crop loss due to unexpected freezes or hail, and $41 saved per acre in wasted irrigation costs.' Less happily, bad weather in west Africa hit the cocoa harvest, pushing up the price of this commodity and hurting profit margins at the Swiss chocolate-maker Barry Callebaut (BARN). You might never have heard of this wholesaler but you have probably eaten its products, which are sold by better-known retailers such as the Cadbury-owner, Mondelez (MDLZ), and the KitKat-maker, Nestlé (NESN). The world's biggest chocolate-maker provides another example of how it can pay to be sceptical about talk of trade wars and instead believe that commercial relations will continue, despite shocks along the way. Barry Callebaut shares I bought for 766 Swiss francs in April now cost SwFr1,008. This is an increase of 31 per cent in little more than three months, which tastes sweet enough to me. On a sour note, Adidas (ADS), the German sports goods group, said Trump's tariffs would add €200 million to its costs because it makes 30 per cent of its trainers in Vietnam. That tripped up the share price, which plunged 18 per cent last week, causing this stock to fall out of my top ten. Ouch! • FTSE 100 slides as markets retreat on new Trump tariffs Higher taxes are bad for business, whatever opponents of free trade may say, because they transfer wealth from consumers and shareholders to governments. This explains why shares in the Dutch brewer Heineken (HEIO) slipped 7 per cent on Monday, despite it reporting higher than expected profits. Dolf van den Brink, the chief executive of the business, whose brands also include Amstel and Foster's, pointed out that the beer it exports from Mexico to America continues to face 30 per cent tariffs. He said Heineken is considering shifting more production to America, adding: 'We look at all options from continuing with our current set-up, a more hybrid version, or otherwise.' Amid all that anxiety and uncertainty, Heineken looks a bit hungover. But shares I bought for €45 in January 2014 were trading at €60 on Friday, yielding 3.2 per cent dividend income, so I intend to retain a glass half-full view of this global business. Similarly, easily my biggest European shareholding is the Paris-listed Franco-Italian firm EssilorLuxottica (EL), which makes a third of all the optical lenses on this planet. Its best-known retail brands are the American sunglasses makers Oakley and Ray-Ban, which now offer artificial intelligence-enhanced eyewear via a joint venture with the Facebook and Instagram owner, Meta Platforms (META). Sales of more than two million smart glasses since October 2023 suggest EssilorLuxottica is succeeding where earlier attempts at wearable technology failed. Google Glass, internet-enabled specs from the technology giant Alphabet (GOOGL), were largely withdrawn a decade ago and discontinued completely in 2023. • A 20% return in 4 months? I'm riding the investment trust wave But Oakley and Ray-Ban models, such as the classic Wayfarers, spare customers the embarrassment of feeling conspicuous and sales are rising strongly. While I have no wish to see share prices flashed up before my wondering eyes, this baby boomer likes the sound of discreet hearing aids, hidden away in stylish shades or spectacles. Either way, EssilorLuxottica shares I bought for €96 in March 2019 were coming through loud and clear at €259 on Friday and are now my fourth-most valuable holding. It all goes to show why it can pay to look through short-term fears and instead invest in long-term hopes that international trade will eventually return to something nearer business as usual. Even world-leading European healthcare companies cannot guarantee that shareholders will always enjoy healthy returns. Novo Nordisk (NOVO), the Danish pharmaceutical firm that was first to obtain authorisation for weight-loss wonder drugs, suffered a 25 per cent share price shrinkage last week. A profits warning wiped €60 billion off what had been Europe's most valuable company. Sad to say, there may be worse to come as Novo struggles with American tariffs, copycat drugs and the risk that it could become collateral damage in Trump's improbable bid to take over Greenland, which is a protectorate of Denmark. Yes, really. Mr Market is a manic depressive at the best of times, lurching from excessive exuberance to the depths of despair, and the drugs don't help. Despite the widespread popularity of Ozempic and Wegovy flab jabs, Novo has lost 66 per cent of its stock market value over the past year. What a downer! Fortunately, I first invested more than four years ago, when few Brits had heard of this business, paying 254 Danish krone per share in June 2021, allowing for a subsequent stock split. Then I sold a five-figure parcel at DK926 last August, as also reported here at those times. They fetched just DK309 on Friday. This raises the important point that it is never too soon to take a profit. If nothing else, we need to turn paper gains into real ones to compensate for losses elsewhere. Another Danish pharma firm, Bavarian Nordic Research Institute (BAVA), where I paid DK258 last August, had slumped to DK123 before it recommended a takeover bid at DK233 on Monday. We can't win them all. Full disclosure: Ian Cowie's shareholdings
Metro
a day ago
- Metro
I stayed in the Airbnb alternative trying to do things differently
Metro Checks In to Limehome, a holiday rental platform that's hoping to give Airbnb and VRBO a run for their money. I love Spain, particularly its mainland cities; gazing at Gaudi's masterpieces in Barcelona, watching flamenco in Madrid, and of course, eating tapas anywhere, anytime, at any given opportunity. But as a British tourist, Spain doesn't always love me back. Backlash to mass tourism has snowballed in the past year, with locals complaining of overcrowding and short-term rentals wiping out affordable housing in holiday hotspots. At first glance, Limehome, a sort of Airbnb alternative which offers short-let apartments in 153 European cities, might seem like it's adding to the problem. But the strategy is different. Limehome aims to transform unused urban buildings into hotels and apartments, reducing the impact on housing for locals. Fuel your wanderlust with our curated newsletter of travel deals, guides and inspiration. Sign up here. 'This approach helps bring new life to city areas without impacting the availability of residential housing,' a spokesperson told Metro. They've recently acquired an office building in Paris, which will be transformed into 25 apartments, as well as an unused building in Burgos, a city in Northern Spain less popular with visitors than its famous neighbours. I headed to the Limehome in Ruzafa, Valencia's trendiest neighbourhood, to check it out. Limehome is a hotel-holiday apartment hybrid. There's no reception or concierge — it's all done via an app. You can check in online before your stay, much like you do for a flight. Then, on the day of arrival, you're sent the codes which you use to access the building. To some, this could feel impersonal, but it's quick, easy and faff-free. Opening the door to the light-filled apartment, it's clear to see that providing a clean, comfortable stay is the priority. The aesthetic is all clean lines and grey interiors, with a pop-of-red kitchen. There are a few extra touches to make the place feel cosier, such as houseplants and colourful art on the walls. If a hotel full of personality and local tips is what you're after, this isn't for you — if you'd told me I was the first person to stay here, I'd have believed you. There's no guest book or well-worn pamphlets like you might find in an Airbnb, and I didn't see a single other guest for the three days I was there. But the apartment was spotless, the kitchen stocked with everything you need (including an all-important bottle opener) and the Wi-Fi super fast. Someone visiting Valencia on business would be equally at home here as a group of friends on a city break. The apartment I stayed in had one bedroom, plus a sofa bed in the lounge/dining area. It was spacious, more than big enough for the maximum four people that could stay here. Beds were comfortable, and the bathroom was equipped with shower gel and shampoo, unusual for stays like this. As a self-catered apartment, you won't find any adds on: there's no spa or swimming pool, for example, but the standout feature has to be the cute balcony that looks out onto the street below. Small but compact, it was the perfect spot to rest my legs after a long day of sightseeing, sangria in hand, of course. A special shout-out also goes to the full-length mirror – this should be a must in every holiday accommodation, but it's not. Often, when staying in a self-service apartment, it's all about location. You're foregoing the luxury amenities of a hotel, in exchange for staying right in the action. That's certainly the case for Limehome Valencia, which is in the heart of Ruzafa, Valencia's hipster neighbourhood. You're spoilt for choice when it comes to food and drink: from aesthetically pleasing brunch spots (I liked Casa Raíz with it's cute outdoor courtyard), and some of the best tapas I've ever eaten (I lost count of the amount of plates I ordered at La Anjana) to quirky cocktail bars (La Bella De Cadiz is quite a sight to behold…). There are vintage stores and art galleries, and Ruzafa is known for being particularly LGBTQ+ friendly, with rainbow flagged adorned from various balconies and awnings. And, while it's not Valencia's most famous area for street art (you'll have to head to El Carmen for that), Rufaza feels colourful and creative. You'll still be able to spot some amazing murals if you keep your eyes peeled. You feel like you're hanging out with the locals here, who spill out of bars, and drink Agua de Valencia — a lethal but delicious cocktail — on the kerb. The only downside is that it's not exactly quiet, and it was a little noisy when attempting to sleep. That being said, as a Londoner who lives on a main road, I was able to drift out without any problems. That's not as straightforward as you might think. Limehome uses airline-style dynamic pricing driven by demand, the local market price, and the respective occupancy rate at the location. Rates rise during peak periods (such as during Valencia's famous street-festival Las Fallas in mid-March) and falls when demand is softer. At the time of writing, a standard room in Valencia for a small one-guest apartment will cost: October 8 2025: €123 per night January 14 2026: €98 per night When I first arrived, I threw open the doors of the balcony, and was immediately confronted with a banner hanging from the window of the flat opposite, with the words 'tourists go home'. Perhaps I should have opted for an alternative destination or a locally-run hotel — as Metro's Lifestyle Editor, it's not like I'm unaware of up-and-coming cities that aren't overrun with visitors. More Trending I tried my best to be a responsible tourist. I booked tours with local companies, bought produce from local suppliers at the Central Market, and ate food at restaurants owned by Spanish chefs. Yes, I may have stayed in a short-term let, but Limehome is at least attempting to do things differently. Am I trying to justify my trip to a country that welcomed a staggering 17.3 million British tourists in 2023 alone? Maybe. But I'm not ready to give up my love affair with Spain just yet. Time: Valencia is GMT +1 hours. Weather: The average daily temperature in July and August is around 31°C. Spring is much cooler, with highs of around 21°C in April. Adaptors: Plugs in Spain are type F, which has two round pins. Visas: Currently, there is no visa requirement for UK tourists visiting Spain. However, next year 2026, UK citizens will need to obtain an ETIAS (European Travel Information and Authorization System). Check in/check out: 3pm and 11am. Disability access? Yes. Limehome Valencia has a lift, which offers access to all floors. However, not all Limehome apartments are the same, and it's important to check before booking. Standout feature: The right-in-the-heart-of-it location, and little balcony. Perfect for: Limehome Valencia would suit pretty much every type and group of guest, from families to business travellers. Not right for: Those looking for a stay with bags of character. Do you have a story to share? Get in touch by emailing MetroLifestyleTeam@ MORE: Europe's 'Paris of the East' is an underrated gem with £37 flights and 31°C August weather MORE: Family forced to hide in their cabin during £8,000 cruise from hell MORE: European seaside town takes aim at tourists with sassy poster and begs for 'decorum'
