As a 100% digital mobile-based banking app, Lunar is disrupting the banking sector in the Nordics. Lunar will integrate cloud-based Temenos Financial Crime Mitigation (FCM) seamlessly into its core banking and payments architecture to protect its growing user base of 100,000 customers. The pre-packaged solution running on the Temenos Banking Cloud will provide comprehensive financial crime prevention capabilities, including watch-list screening, anti-money laundering, fraud detection and know-your-customer. By getting ahead of the curve in tackling fraudulent activity, the challenger bank will optimize customer experiences while simplifying compliance with evolving regulatory requirements, helping it build on its momentum in a crowded marketplace.
“Temenos FCM, which incorporates cutting-edge technologies like AI and machine learning, will give us the highest level of protection against financial crime and at the same time enable us to deliver seamless customer experiences. Running FCM in the cloud will also provide us with unparalleled agility to adapt and scale as we grow our business in the Nordics.”
Morten Sønderskov, Chief Operating Officer