Luminor moves its payments services to Tieto Banktech’s modern payments platform
Summary
Luminor migrated its payment services to Tieto Banktech's Payments-as-a-Service, a cloud-native platform hosted on AWS, marking a key step in the bank's cloud transformation. The move consolidates SEPA Credit Transfers, SEPA Instant Payments, and cross-border payments across Estonia, Latvia, and Lithuania into a modular payments ecosystem, with additional services planned. Luminor says the migration supports improved customer experience, IT efficiency, compliance by design, and stronger cybersecurity. Tieto Banktech highlights faster onboarding of new payment types, improved resilience, and accelerated time-to-market for future innovations.
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Enterprise Software
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Tieto
$1B+