Case Study: LHV UK achieves rapid core banking modernization and scalable BaaS growth with Tuum

LHV UK processes 47.7 million transactions with Tuum

LHV UK, a Banking-as-a-Service and retail bank, faced the challenge of scaling its operations in the UK with outdated core infrastructure that could not support its rapid expansion and growing real-time payment volumes. To modernize its systems, LHV partnered with vendor Tuum to leverage its API-first, cloud-native core banking platform.

By implementing Tuum's scalable platform, LHV successfully migrated millions of customer accounts with zero downtime and secured its UK banking license. The solution enabled LHV to grow its SME lending portfolio to £69M, increase deposits to over £200M, and process 47.7 million transactions in its first year. Tuum's technology also allowed LHV to reallocate 75% of its IT budget from maintenance to innovation, reclaiming full autonomy over its roadmap.

LHV UK