Quirin Privatbank Selects Tuum for Core Banking
The German private bank adopts Tuum modules to support its digital infrastructure and new investment product launch.
Updated on Oct. 26, 2026 in Financial Services
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Quirin Privatbank has chosen Estonian software company Tuum to serve as its core banking vendor. This partnership will integrate multiple modules to support the bank's digital operations and future product rollout.
Why it matters
By adopting Tuum's API-first architecture, the bank aims to streamline account opening procedures and improve regulatory reporting efficiency. This technology shift is central to the bank's strategy for scaling operations ahead of upcoming product introductions.
Quirin Privatbank, founded in 1998, will deploy Tuum software capable of supporting SEPA Instant payment settlement. The integration is designed to enable investment execution within an hour upon the launch of the new account scheme.
The players
Quirin Privatbank
A German private bank founded in 1998 that also operates a digital banking subsidiary named quirion.
Tuum
An Estonian company that provides a cloud-native, API-first core banking platform for financial institutions.
The details
The bank will utilize Tuum modules to facilitate data movement between existing platforms and new systems. These upgrades are specifically designed to prepare the institution for the 2027 debut of its Altersvorsorgedepot investment account.
Timeline
Quirin Privatbank was founded in 1998.
The Altersvorsorgedepot investment account launches on 1 January 2027.
Market Landscape
This partnership mirrors a broader industry shift as established European banks abandon legacy systems in favor of cloud-native, modular platforms to remain competitive. By integrating Tuum, Quirin Privatbank positions itself to challenge agile digital-only rivals in the evolving financial services market.
Clients can expect faster account opening processes and near-instant payment capabilities once the new system is fully operational. These upgrades aim to provide a more responsive digital banking experience for customers utilizing the bank's investment services.
The takeaway
Financial institutions are increasingly prioritizing modular software to reduce technical debt and accelerate the speed of market-facing innovation. Implementing API-first solutions allows traditional banks to bridge the performance gap between legacy operations and modern customer expectations.
Further reading
Explore more developments in the Financial Services sector.
Source note: This article includes information reported by FinTech Futures.
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