Lumin Digital

Lumin Digital is a cloud-native digital banking solution provider serving financial institutions across the US. The company's platform enables financial institutions to deliver digital banking experiences to their retail and business banking users. Lumin's platform is built specifically for the cloud environment, featuring microservice architecture that allows for frequent and manageable updates with zero downtime. The solution includes features such as personalized dashboards displaying real-time banking information, financial wellness monitoring tools, bill pay services, and integrated card controls. The platform also incorporates security protocols across multiple layers to protect against threats like identity theft and credential stuffing.

The company experienced significant growth, achieving a revenue growth rate of over 60% in 2023. Lumin has established itself through multiple strategic partnerships to enhance its offerings. In July 2024, the company partnered with Alacriti to integrate loan payment capabilities, enabling features like Apple Pay, Google Pay, ACH, and card payments. In September 2024, Consumers Credit Union, with USD 3.5 billion in assets and more than 222,500 members, selected Lumin Digital as its digital banking provider.

In 2024, the company further expanded its capabilities through partnerships with Atomic for direct deposit switching and income verification solutions, Pinwheel for deposit switching services, and Alacriti for modernizing digital money movement solutions.

Key customers and partnerships

The company serves a diverse range of financial institutions, including Consumers Credit Union and DuPont Community Credit Union. In 2024, Lumin Digital established several strategic partnerships: with Alacriti to provide loan payment solutions, Atomic to offer direct deposit and verification of income services, and Pinwheel to enhance deposit switching capabilities. The partnership with Pinwheel was particularly notable as it enabled financial institutions to access verified income and employment data within seconds to support lending decisions.