Case Study: LHV UK frees up innovation and migrates millions of accounts with Tuum

How LHV UK moved millions of customer accounts onto a new core banking system

LHV UK, a Banking-as-a-Service provider for over 200 fintechs, faced a strategic challenge with its aging, in-house core banking system. The bank had to decide whether to continue investing its own engineering resources into maintaining the platform or to seek a third-party solution that would free up its team to focus on more differentiated innovation. After a rigorous selection process, LHV UK chose to partner with the core banking platform provider Tuum.

The implementation of Tuum's core banking system enabled LHV UK to migrate millions of customer accounts in under two months. The breadth of Tuum's platform, which includes integrated payments and cards functionality, helped the bank consolidate systems and achieve significant scale. As a measurable result, 75% of LHV UK's IT budget is now dedicated to innovation and delivering customer value rather than maintenance.

LHV UK

Andres Kitter

Head of LHV UK