Luminor Platform Consolidation
Team of 5 Temenos T24 consultants and 4 experienced quality assurance specialists were supplied to the bank along with 2 data and product analysts to support bank's efforts to consolidate their operations in a single IT platform. Data migration and post-migration support was successfully completed in December 2020.
3rd largest retail bank in the Baltics
Luminor is the third-largest provider of financial services in the Baltics, with approximately 1 million clients, 2500 employees, and market share of 16.8% in deposits and 19,5% in lending as at the end of the third quarter of 2019. Total shareholders’ equity amounts to EUR 1.6 billion and Luminor is capitalized with a CET1 ratio of 18,7%. Luminor’s vision is to become the best financial ecosystem for its customers.