Insight & Analysis

Press release: Luminor Bank partners with Eurobase to unify its markets and treasury trading operations

Published: May 2019

23rd May 2019 – Luminor continues to unify its operations and systems across the Baltics and has selected the Siena solution, provided by Eurobase, for consolidation of its markets and treasury operations. The planned changes will help Luminor to push ahead in development of a unified and modern digital customer offering.

Luminor Bank AS (Luminor) entered into agreement with Eurobase at the end of 2018, and has selected Siena as its treasury, trading and markets solution, including the Siena online corporate customer dealing platform. Following a rigorous selection process, Luminor identified Siena as delivering the most comprehensive solution and best fit to meet its requirements.

Commenting on this implementation, Mindaugas Tutlys Head of Savings and Markets Products Department in Luminor said: “We are pleased to enter into 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.”

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.

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