Cornerstone Financial CU chooses Lumin Digital as its digital banking services partner
By Edlyn Cardoza
Lumin Digital recently announced that Tennessee-based Cornerstone Financial Credit Union has signed a multi-year agreement for Lumin Digital’s cloud-based online and mobile digital banking platform. Lumin will support Cornerstone’s 45,000-plus members and $550 million in assets when the platform is launched in January 2023.
A cloud-native digital banking platform, Lumin Digital will provide Cornerstone members with an integrated, customised experience that matches larger financial institutions’ offerings. Focusing on service, user experience, safety, and security through sophisticated automation, Lumin Digital helps credit unions and financial institutions drive better engagement with their users through personalised recommendations. These include everything from spending insights and financial advice to fraud alerts and help with savings goals. Lumin also enables credit unions to provide users with real-time updates and new features that add value and simplify everyday banking.
Cornerstone Financial Credit Union has been providing financial services to Tennesseans since 1955. Headquartered in Nashville, Cornerstone was founded in 1955 by a group of visionary educators in Davidson County guided by the philosophy of people helping people.
“At Cornerstone, we strive to provide the most comprehensive and robust financial services possible, which starts with innovative products and technology for our members,” said Donna Young, president and CEO of Cornerstone Financial Credit Union. “Lumin Digital’s platform offers cutting-edge technology that matches with our seamless and personalized user experience.”
“Cornerstone’s choice to partner with Lumin Digital is a perfect fit for their focus on member success. Lumin’s platform will allow Cornerstone to continue to develop deep and lasting relationships with their members through their digital channels, through tailored tools, and resources specific to their individual financial needs,” said Jeff Chambers, founder and CEO of Lumin Digital.
Lumin Digital is a PSCU-majority-owned FinTech company specialising in digital banking solutions. Through a fundamentally different approach to technology, service, and people, they are creating the next generation of financial solutions every day. The FinTech company helps credit unions and financial institutions build and deploy next-gen digital experiences that help to serve, engage, and grow their membership base.
IBSi Daily News Analysis
September 21, 2023
Cornerstone Financial Credit Union
Why is AI/ML causing “tech anxiety” to the retail sector?Read More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage