Estonia-based Luminor Bank has selected FIS and its Ambit Focus system to cover the lender’s risk operations in the Baltic region.
Luminor was founded in 2017 and has around 900,000 customers.
The lender is an offshoot of the Baltic business of the Scandinavian banks Nordea and DNB. With the support of its main financiers, Luminor has become the third largest lender in the Baltic States.
60% of the bank’s shares were later …