BankFiling launch at FinovateEurope 2013

BankFiling launch at FinovateEurope 2013

Luminous, a boutique, banking innovation company, demonstrated the latest features and benefits of BankFiling at FinovateEurope last week. Held at the Old Billingsgate Market Hall, the event showcased the latest and greatest in financial and banking technology from leading innovators around the world.

“FinovateEurope was a fantastic platform for us to launch our latest updates to BankFiling,” states Warren Bond CEO of Luminous. “Our debut on stage last week has resonated with a number of key banking attendees who indicated that BankFiling will significantly benefit their business and commercial banking divisions by enabling the banks to lend more while reducing risk.’

‘Luminous takes the next step forward in todays’ dynamic financial technology landscape’, said Eric Mattson, CEO of Finovate, ‘We believe Luminous is changing the way financial institutions solve everyday problems and look forward to seeing what they come up with next!’

About Luminous: Luminous is a boutique innovation company that has successfully introduced a number of global firsts into the banking world. Luminous’ unique business case driven approach delivers excellent ROI for banks. Founded in 2007, Luminous is headquartered in Johannesburg, South Africa, with operations in Australia, United Kingdom and India.

About FinovateEurope: FinovateEurope is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in London, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateEurope is organised by The Finovate Group.

For more information on the event or to view videos of previous demos, please visit www.finovateurope.com.’

For more information email Philippa Newnes at philippa.newnes@luminousbanking.com.      Website: www.luminousbanking.com, Twitter: @luminousbanking

Luminous partners with Nihilent for India

Luminous partners with Nihilent for India

Pune, India, 12 February, 2013: Luminous a boutique, banking innovation company, today announced the signing of a partnering agreement with Nihilent Technologies for the Indian region.

Nihilent is one of the fastest-growing global consulting and solutions Integration Company, that uses holistic and systems approach to problem solving.

According to the terms of the agreement, Nihilent will sell Luminous’ solutions in India where over half of the country’s 1.2 billion people are banked.

Warren Bond, CEO of Luminous said, “Luminous is delighted to be entering into a partnership with Nihilent, who has a proven track record of success in this region. Luminous is keen to capitalise on Nihilent’s local knowledge, experience and expertise.”

Mr. LC Singh, President and CEO Nihilent Technologies said, “Nihilent is thrilled to engage with one of the leading innovators in the financial services market. With Luminous’ unique business case driven approach which delivers excellent ROI for banks, we feel extremely confident that Luminous’ innovations will achieve success in this market.”

About Nihilent

Nihilent is a global consulting and solutions integration company using a holistic and systems approach to problem solving. Headquartered in Pune, India, Nihilent has extensive experience in international consulting, IT outsourcing and IT services. Nihilent’s operations span North America, Europe, Africa, Middle East and Asia. Nihilent’s mission, Change for Performance, encapsulates our commitment to make change happen systemically in terms of people, process, technology and knowledge for achieving sustained performance for our clients.

For more information, please visit www.nihilent.com

About Luminous:

Luminous is a boutique innovation company that has successfully introduced a number of global firsts into the banking world. Luminous’ unique business case driven approach delivers excellent ROI for banks. Luminous will be demonstrating its latest innovation, BankFiling at Finovate Europe in London 12/13 February 2013.

For more information, please contact For Luminous, email philippa.newnes@luminousbanking.com Website: www.luminousbanking.com, Twitter: @luminousbanking.com

Luminous reduces lending risk for Commercial Banks

Luminous reduces lending risk for Commercial Banks

One of the major pain areas banks are facing today is how to increase lending to business customers while reducing risk.

According to Luminous Global Head of Sales, Andrew Buchanan, ‘When it comes to lending we are seeing two issues, firstly from customers who are worried that if they apply for a loan and are refused it will damage their credit rating and secondly from banks who are being pressured to lend more money while reducing risk.’

Luminous’ latest enhancement to its BankFiling solution significantly reduces lending risk as it enables banks to monitor the ongoing financial health of their customers by processing detailed customer information instantly and sending bank personnel a system generated report outlining potential risk and qualification levels.

BankFiling also gives customers the ability to upload key information anonymously to determine their eligibility for a business loan, encouraging prospective customers to apply for loans without compromising their credit rating.

About Luminous: Luminous is a boutique innovation company that has successfully introduced a number of global firsts into the banking world. Luminous’ unique business case driven approach delivers excellent ROI for banks. Luminous will be demonstrating its latest innovation, BankFiling at FinovateEurope in London 12/13 February 2013.

About FinovateEurope: FinovateEurope is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in London, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateEurope is organised by The Finovate Group. For more information on the event or to view videos of previous demos, please visit www.finovateurope.com.’

For Luminous, email philippa.newnes@luminousbanking.com Website: www.luminousbanking.com, Twitter: @luminousbanking.com