Advancing Real-Time Payments Through Advisory, Engineering, and Ecosystem Thinking
Bhuma is an India- and UK-based consultancy and software engineering firm specialising in payments, clearing and settlement systems, real-time payment rails, fraud and AML, and regulated technology delivery.
We operate at the point where business strategy, risk, regulation, and technology execution converge—in environments where systems are always on, transactions are irreversible, and failure is not an option.
Our clients rely on us to modernise payment platforms, migrate to ISO 20022, strengthen fraud and financial crime controls, and scale safely under regulatory scrutiny.
Who We Are
Bhuma was founded by practitioners, not theorists.
Our leadership team brings:
- 25+ years of experience across payments, embedded finance, and clearing and settlement systems
- Over a decade working directly in real-time payment environments
- First-hand experience operating under regulatory pressure, legacy constraints, and live production risk
We understand what it takes to modernise critical payment infrastructure—because we have built, operated, and remediated these systems ourselves.
Today, we support:
- Banks and regulated financial institutions
- Payment Service Providers (PSPs)
- Fintechs and digital platforms
- Clearing houses and payment networks
- Embedded finance and ecosystem platforms
Our work is advisory-led, vendor-neutral, and delivery-focused, grounded in real-world implementation rather than abstract frameworks.
What We Do
We help institutions design, build, test, and operate modern payment systems across their full lifecycle.
Our Core Capabilities
Payments Modernisation & Architecture
- Real-time and instant payment rails
- Clearing and settlement systems
- Layered and event-driven payment architectures
- Embedded finance and ecosystem platforms
ISO 20022 Migration & Data Strategy
- Migration strategies and coexistence models
- ISO 20022–first canonical data models
- Data governance, lineage, and explainability
- Value realisation across fraud, AML, liquidity, and reporting
Fraud, AML & Financial Crime
- Authorised Push Payment (APP) fraud and scam prevention
- Mule account detection and network risk
- Transaction monitoring optimisation
- Responsible AI and explainable decisioning
- Integrated fraud and AML operating models
Technical & Platform Consultancy
- Cloud and hybrid migration for regulated systems
- API and integration security
- Data management and analytics platforms
- Cyber security and regulatory controls
- Observability, monitoring, and resilience engineering
Testing, Certification & Industry Readiness
- Scheme and network readiness testing
- ISO 20022 message validation
- Business behaviour–driven test design
- Automated testing using Bhuma’s GP2 innovation and testing platform
Our Vision
Advancing a Global Real-Time Payments Ecosystem
We believe the future of payments is:
- Real-time
- Data-rich
- Ecosystem-driven
- Regulator-ready by design
This vision is guided by four principles:
- Innovation – Designing for the future, not patching the past
- Education – Building capability, not dependency
- Collaboration – Strengthening ecosystems, not silos
- Agility – Enabling change without increasing risk
Our Mission
Simplifying and Accelerating Real-Time Payments Adoption
Our mission is to help institutions adopt, scale, and operate real-time payments safely and confidently—across the US, India, the UK, and global markets.
We do this by:
- Reducing complexity in ISO 20022 and real-time payments adoption
- Embedding fraud, AML, compliance, and explainability by design
- Aligning architecture, controls, and operating models
- Supporting ecosystem readiness, not just individual platforms
Why Choose Bhuma
Built From Customer-Led Experience
Bhuma was born out of real delivery challenges—not slideware.
We design our services around the problems our clients actually face:
- Scaling without increasing operational risk
- Innovating without regulatory blind spots
- Improving customer outcomes without sacrificing control
- Modernising legacy platforms under live conditions
Pragmatic, Collaborative, and Consultative
We are known for being:
- Pragmatic – focused on what works in production
- Collaborative – embedded alongside client teams
- Consultative – outcome-driven, not tool-driven
We prioritise long-term partnerships, clear accountability, and solutions that are coherent, resilient, and future-ready—while maintaining industry-competitive rates.
Small Team. Deep Experience.
While our team is intentionally lean, our experience spans:
- Payments and platform architecture
- Agile product management and business analysis
- Data architecture, governance, and lineage
- Fraud and AML operating models
- Automated testing and scheme certification
- Cloud migration and platform resilience
- High-volume, real-time transaction processing
We deliver elegant solutions to hard problems—without unnecessary complexity.
A People-First Commitment
At Bhuma, we invest as much in people and relationships as we do in technology.
Our clients value us for:
- Professionalism
- Reliability
- Accountability
- Delivery—on time, every time
We believe this is what truly differentiates Bhuma—and helps our clients build payment systems they can trust.
Our Leadership
Rajeeva Tiwari
Founder & Director
Rajeeva founded Bhuma in 2017 and is leading its evolution from a software-focused firm into one of the most innovative emerging players in real-time payments and financial infrastructure.
With 20+ years of experience across real-time payments processing, prepaid cards, and financial crime, Rajeeva has worked with organisations including Vocalink, FCA, Lloyds Banking Group, Cognizant, and Perot Systems. He played a key role in delivering Faster Payments, BACS, and TCH’s real-time payment system.
Rajeeva holds a BE in Computer Technology and completed an Executive Education programme at London Business School. He continues to focus on collaborative innovation and ecosystem-led growth.
Kapil Mohan
Technology & Architecture Leadership
Kapil brings 20+ years of experience in architecting, designing, and developing enterprise-scale solutions.
Before joining Bhuma, he was a Senior Computer Scientist at Adobe Systems, working across Digital Marketing and Server Technologies. His expertise spans big data ecosystems, cloud computing, content management systems, REST APIs, and more recently distributed ledger technologies.
Kapil holds a Master’s degree in Computer Science & Engineering from IIT Kanpur and leads Bhuma’s work in modern platforms, data, and scalable architecture.
Looking Ahead
Bhuma is entering an exciting phase of growth—focused on helping institutions navigate the next wave of payments transformation with confidence and control.
Our priorities include:
- Expanding real-time payments adoption across domestic and cross-border ecosystems
- Supporting ISO 20022–led transformation, from coexistence to value realisation
- Strengthening fraud, AML, and ecosystem risk controls in real-time and embedded finance environments
- Enabling open, interoperable, and resilient payment platforms that scale safely under regulatory scrutiny
Our goal is simple: to help our clients move faster—without increasing risk.
We believe the institutions that succeed next will be those that modernise with clarity, explainability, and resilience by design. Bhuma exists to help make that possible.