Nordic Digital Bank Lunar Embraces the Power of the Cloud With FIS’ Treasury Management Solution

Published 

London – Denmark-based Lunar has selected a cloud-based treasury and risk management solution from financial technology leader FIS (NYSE: FIS) to enable the mobile-only digital bank to optimise liquidity and manage risk as it continues its rapid expansion.

Lunar, which received a banking license in 2019, offers consumers and businesses throughout the Nordics with comprehensive savings, investments and insurance products via a sleek, easy-to-use digital app. The challenger bank, which prides itself on technology innovation, was looking for a leading-edge treasury management solution that provides rich functionality while leveraging open application programming (API) interfaces to ensure simple integration with cloud-based applications.

The Nordic bank chose the FIS private cloud-based Ambit Quantum, a front-to-back treasury and risk management solution, to manage liquidity, hedge accounting and regulatory compliance. Lunar will implement the solution on the FIS private cloud under a managed services contract.

In addition, Lunar will leverage the FIS SWIFT Service Bureau to securely connect its treasury and payment operation to banking partners through SWIFT and other industry exchanges and networks. Seamless integration through API gateways will allow Lunar and its customers to access up-to-date information on the Lunar banking app.

“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 maximise our liquidity as we continue to expand our client base and portfolio of offerings.”

“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.”

FIS

Most recent episodes

Trade Finance Vision: J.P. Morgan and Cleareye Collaboration Plots Future Path

Eleanor Hill (TMI) is joined by Natasha Condon (J.P. Morgan Payments) to discuss the latest trends and innovations emerging from the trade finance arena. Natasha considers how treasurers can improve the efficiency of their working capital, and examines why it remains critical for banks and fintechs to...

29:01

Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments. TMI talks to Lavinia Bauerochse (Deutsche Bank) about treasury’s ...

11:41

Embedded Finance: A 101 Guide for Treasurers

Our latest TreasuryCast guest, Aman Narain (HSBC) sits down with TMI's Eleanor Hill to consider the ways in which treasury might be impacted by embedded finance. In this podcast, Aman explains the differences between embedded finance and BaaS, shares his hopes for the future in this space, and provides...

12:58

Audio TMI - A Modern, Agile, and Efficient Machine

UniCredit's Raphael Barisaac and Massimo Ortino explain how the fir...

What’s on the Horizon for Short-term Investments?

The treasury community has risen to the ongoing challenge of rising interest rates and inflation, with corporate cash serving as the sought-after safety net. Here, Daniel Farrell (Northern Trust Asset Management) and Karl Adams (ICD) consider how the latest MMF reform proposals affect short-term...

39:27

Transitioning a Corporate from LIBOR to CME Term SOFR

The loans market has predominantly moved to forward looking term rates, and both corporate borrowers and global lenders are increasingly turning to CME Term SOFR as the forward looking risk-free benchmarks to support their activities. Listen to this podcast, featuring Gavin Lee, Marco Bianchi (CME...

37:16

HSBC’s Sibos Spotlight – View from Sibos

TMI's Eleanor Hill invites Neil Atkinson, Nadine Lagarmitte, and Vinay Mendonca (HSBC) to discuss the critical treasury topics and conversations highlighted at this year's Sibos conference in Amsterdam. Amongst a wealth of market insights, our guests consider the most critical developments emerging from...

38:40

ECB’s Targeted TLTRO Tweaks Set to Drain Excess Market Liquidity

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th...

05:42

Asian Treasury Trends: Learnings and Opportunities

Former corporate treasury professional, Valerie Heng (Deloitte) joins Eleanor Hill to discuss the hot topic of treasury transformation, alongside other key shifts treasurers should be aware of. In this podcast, Valerie uses her knowledge of the Asian Treasury market to explain how the role of the...

20:27