Joe Locke, CEO of Eurobase Banking Solutions

Luminor Bank has selected Eurobase’s solution Siena as its treasury, trading and markets solution including the Siena online corporate customer dealing platform. The collaboration is expected to propel Luminor’s position in a unified and modern digital customer offering.

Luminor is a financial service provider in the Baltics with a market share of 16% in deposits and 22% market share in lending.

Mindaugas Tutlys, Head of Savings and Markets Products Department in Luminor said, “We are pleased to enter into a partnership with Eurobase.  They clearly understood our objectives, were highly reactive, and we now see them as a major strategic partner for our current and future developments in our Treasury and Markets trading processes.”

Founded in 1988, Eurobase is an international software and service provider to financial institutions in over 25 countries providing enterprise-wide solutions for insurance companies, banks and other financial institutions as well as IT recruitment services.

Joe Locke, CEO of Eurobase Banking Solutions, adds “Eurobase is proud to be working with Luminor. Having the backing and structure of two of the biggest banks in the Nordic region, coupled with their desire to take their retail and corporate banking into new dimensions of customer service, we look forward to partnering with Luminor and helping ensure it meets its strategic objectives.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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