AI-driven collaboration aims to enhance access to financing and streamline lending for small and medium-sized enterprises
Tuum, a next-generation core banking platform provider based in Estonia, has entered into a strategic partnership with Abwab.ai, a Saudi Arabia-based fintech enabler leveraging artificial intelligence, to deliver end-to-end digital lending solutions for SMEs across the Gulf Cooperation Council (GCC).
The collaboration integrates Abwab.ai’s advanced credit decisioning and analytics with Tuum’s modular, cloud-native core banking and lending platform. This combined solution will enable banks and non-bank lenders to design, launch, and manage SME lending services with greater efficiency, improved transparency, and reduced operational costs.
By using AI-powered credit assessments that tap into alternative data sources, the partnership aims to expand financial inclusion for small and medium-sized businesses, a sector often underserved by traditional financial institutions.
Through Tuum’s automated loan origination and servicing capabilities, SMEs will gain easier access to financing via digital channels, helping them scale their operations more effectively.
Baraa Koshak, Founder and CEO of Abwab.ai, said:
“SMEs are the backbone of every economy, yet they remain underserved by traditional lenders,”
“By combining Abwab.ai’s AI-driven intelligence with Tuum’s next-generation core banking capabilities, we are empowering financial institutions to unlock SME growth at scale.”
Miljan Stamenkovic, Chief Revenue Officer of Tuum, added:
“Our mission at Tuum is to modernise financial services with modular technology. Partnering with Abwab.ai allows us to bring a truly end-to-end, AI-enhanced SME lending solution to the region, one that addresses a real market need and accelerates digital transformation.”
