Quirin Privatbank selects Tuum to build Germany's most modern private bank. October 22, 2026, 08:38 GMT The move to a modular core targets instant client onboarding, real-time payments, and investment execution in minutes. With Tuum, we can bring new products to market much faster and respond more quickly to what our clients need." - Sebastian Böttner, CIO, Quirin Privatbank BERLIN, GERMANY, October 22, 2026 / EINPresswire.com / - Quirin Privatbank has selected Tuum as its new core banking platform, in a move the bank says will make it the most modern private bank in Germany. Quirin charges its clients a flat, transparent fee rather than earning commissions on third-party products, a model it introduced to the German market. The bank has since grown that into a full private banking, wealth management and corporate finance business, alongside quirion, its digital wealth subsidiary. Real-time by default is the standard Quirin is building toward. Under the agreement, the bank will run Tuum's Accounts, Deposits, Payments and Loans modules, with the aim of opening new client accounts in minutes, settling payments instantly including SEPA Instant, giving its teams real-time access to transaction data, and producing regulatory reports considerably faster. Alongside the core migration, Quirin is targeting investment execution within the hour. Tuum will sit at the center of a wider rebuild of Quirin's technology stack. Rather than running as a standalone system, it will be integrated with the bank's other platforms so that data moves between them as it is created. Tuum's cloud-native, API-first architecture is what allows that, and it leaves Quirin free to add or replace individual components later without disturbing anything else. The timing is deliberate. Germany's Altersvorsorgedepot, the state-subsidized retirement investment account replacing the Riester pension, launches on January 1, 2027, and no certified products can be offered before that date. Quirin expects a substantial inflow of investment clients as the scheme opens, many of them investing for the first time. Reliability under that volume, and how quickly a new client can be brought on board, are what those clients will judge the bank on. Executive Quotes Sebastian Böttner, CIO, Quirin Privatbank "We built our reputation on giving clients advice they can trust, and our technology has to keep pace with that. Our ambition is to run the most modern private bank in Germany, and that means real-time by default: payments that settle instantly, data we can see as it happens, accounts opened within minutes. With Tuum, we can bring new products to market much faster and respond more quickly to what our clients need." James Bushby, CRO, Tuum "Germany has one of the most established private banking markets in Europe, with a lot of long-standing names competing for the same clients. The decisions being made now on whether they should modernize their core banking infrastructure will determine what these banks can sell for the next decade. Quirin moved early. Implementing Tuum's core banking platform means their team will be able to enhance or even launch a new product when they see the opportunity, instead of waiting for a vendor's roadmap to catch up." About Quirin Privatbank Quirin Privatbank and its digital subsidiary quirion combine personalised wealth advisory services at 15 locations across Germany with leading digital investment management in an innovative hybrid business model. As the first private bank in Germany, Quirin Privatbank abolished industry-standard commissions entirely back in 2006 and has advised private investors on a fee-only basis ever since: transparent, independent and free of conflicts of interest. Its scientifically grounded investment concept "Markt - Meinung - Zinsen" ("Market - Sentiment - Interest Rates") draws a clear line between speculation and predictable wealth accumulation. Personal advisory services are complemented by quirion AG, founded in 2013. As a pioneer in digital wealth management, quirion was named Stiftung Warentest's test winner for the third consecutive time in 2026. With around 118,000 clients and €11.1 billion in assets under management (as of June 30, 2026), the group ranks among the most established providers in the German market. With the state-subsidized Altersvorsorgedepot launching in 2027, the group is also placing a clear strategic focus on simple, low-cost and future-proof retirement provision for all. About Tuum Tuum is the core that lets banks keep pace with an AI-fueled, ever-changing market. A cloud-native, API-first, modular core banking platform. New AI tools, new products, new markets, and new regulations can be safely adopted in days, by the bank's own team, on its own timeline. Tuum is live in more than 20 countries, proven at global scale and has never failed an implementation. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. You just read: October 22, 2026, 08:38 GMT EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. 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Tuum and CoorB target MENA banking modernisation with digital and Islamic banking partnership. Core banking modernisation in the Middle East is increasingly being shaped by two demands at once: banks want the flexibility of cloud-native infrastructure, but they also need technology that can accommodate the region's distinct product, regulatory and Islamic banking requirements. That combination is creating opportunities for partnerships that bring global banking platforms together with local implementation expertise. Tuum and CoorB are now targeting that gap through a new collaboration spanning core modernisation, Shariah-compliant banking, digital wallets, Banking-as-a-Service and embedded finance, as financial institutions across MENA look for faster ways to turn infrastructure investment into new customer propositions. Partnership targets core banking modernisation. The partnership will focus on banks, fintechs and other financial institutions across the Middle East and wider markets seeking to modernise legacy infrastructure and accelerate the development of digital financial products. Tuum provides a cloud-native core banking platform designed around modular architecture and APIs, allowing financial institutions to introduce or replace banking capabilities without necessarily undertaking a single large-scale technology transformation. CoorB brings implementation and regional market expertise to the partnership, including capabilities spanning digital banking, embedded payments and financial technology services. Together, the companies plan to support institutions from initial strategy and product design through implementation and subsequent growth. The model reflects a broader shift in banking technology procurement. Rather than treating core replacement, digital channels and product development as separate projects, banks are increasingly looking for technology architectures that allow new capabilities to be introduced incrementally while existing operations continue. Islamic banking becomes a key part of the proposition. Islamic banking will be an important component of the partnership, particularly as financial institutions across the Middle East expand digital Shariah-compliant products alongside conventional banking services. Tuum's platform supports both Islamic banks and Islamic banking windows, with capabilities covering Islamic accounts and deposits, configurable profit calculation and distribution, and asset-backed financing structures including Tawarruq. Combined with CoorB's regional and Shariah advisory expertise, the partnership is intended to help institutions develop digital Islamic banking propositions while addressing the operational and product requirements that differentiate Shariah-compliant banking from conventional banking. The opportunity is particularly relevant as banks look to extend Islamic financial products into digital channels without creating separate technology environments for every new proposition. BaaS and digital wallets expand the technology opportunity. Beyond core banking and Islamic finance, Tuum and CoorB are positioning the partnership around Banking-as-a-Service (BaaS), Wallet-as-a-Service (WaaS) and embedded finance. These models are increasingly important as banks seek new distribution channels and partnerships outside traditional branch and mobile banking environments. BaaS infrastructure can allow regulated financial institutions to expose banking products and services through third-party platforms, while embedded finance brings financial capabilities directly into non-bank customer journeys. Digital wallets are also becoming a larger part of the Middle East payments landscape, increasing demand for infrastructure capable of supporting new payment experiences, account structures and transaction models. For banks, the challenge is not simply launching these services. New propositions still need to connect with core banking infrastructure, regulatory controls, customer data and operational processes. Modern API-based architecture can reduce some of that integration burden and make it easier to introduce products without creating additional technology silos. Regional banks look for more flexible infrastructure. The partnership arrives as financial institutions across the Middle East continue to increase investment in digital banking infrastructure, cloud technology, payments and artificial intelligence. That investment is putting additional pressure on underlying banking platforms. Customer-facing innovation can move quickly, but legacy core systems and fragmented architectures can make it difficult for banks to translate new ideas into scalable products. Cloud-native and modular banking platforms are therefore becoming part of a wider infrastructure strategy in which banks can modernise specific capabilities progressively rather than depending entirely on large, multi-year replacement programmes. For Tuum and CoorB, combining technology with regional implementation expertise could help address another important challenge: converting modern banking architecture into products that meet local regulatory, operational and Shariah requirements. What it means for the industry * Core modernisation in the Middle East is increasingly being linked directly to new digital products rather than treated solely as a back-office technology replacement. * Islamic banking is becoming part of the digital infrastructure conversation as banks seek more flexible ways to launch Shariah-compliant products and services. * BaaS, digital wallets and embedded finance are creating new requirements for core platforms that can support external ecosystems through APIs. * Modular cloud-native architectures could allow banks to modernise selected capabilities without committing immediately to complete core replacement. * Regional implementation and regulatory expertise will remain important as global banking platforms compete for transformation projects across MENA. Article Source: CoorB Notice an error or have additional information about this story? Contact the Finnoex newsroom: newsroom [at] finnoex [dot] com.