8.6 C
New York
Thursday, May 26, 2022
Home Challanger banks Challenger bank Lunar selects FIS to optimise liquidity and manage risk

Challenger bank Lunar selects FIS to optimise liquidity and manage risk

Danish digital bank Lunar has selected a cloud-based treasury and risk management solution from FIS.

Lunar received banking license just last year and offers consumers and businesses throughout the Nordics with comprehensive savings, investments and insurance products via a sleek, easy-to-use digital app.

Read also: N26 launches new premium account called N26 Smart

The Nordic bank chose the FIS private cloud-based Ambit Quantum, a front-to-back treasury and risk management solution. It will implement the solution on the FIS private cloud under a managed services contract.

Recently, open banking platform Nordic API Gateway announced the addition of Lunar to its list of Nordic banks already taking advantage of the open banking technology to create value-added, multi-banking features.

The partnership is said to enable Lunar to take an important step in becoming the primary banking interface for more than 170,000 users.

“We’re excited to work with FIS as we look to change banking in the Nordics,” said Anders Hartlev, CFO at Lunar.

“Our goal is to change the way people think about and spend their money, and technology is the enabler in that revolution. This innovative solution from FIS will provide us the tools we need to manage risk and maximize our liquidity as we continue to expand our client base and portfolio of offerings,” he adds.

“In today’s uncertain business environment, it’s more critical than ever that banks have an accurate, real-time view of their treasury payments, cash flow, and portfolio risk,” said Andrew Bateman, Head of Capital Markets Buy Side at FIS.

“We are excited to welcome Lunar as a new FIS customer and are confident that our treasury and risk management solution will provide the platform this digital bank needs to support and power its continued growth.”

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Money 20/20: speakers and agenda

With 4,000+ attendees from 1,900+ companies and 3,100+ IRL meetings booked in 2021, Money 20/20 proved yet again that this is the fintech industry’s premier conference.

Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.