With much of Europe and other global jurisdictions entering a second stint of lockdowns, we can be reasonably confident that markets will cope well this time around. The second lockdown coincides with the traditional end of the budgeting season. It may well lead many firms to make late re-prioritisation decisions as they contemplate making working from home and remote trading a more likely, and even desirable, event going forward. The drive to cut costs and work more efficiently may dovetail with the ramifications of the “new normal”. Attention is likely to focus on areas that have caused some concern during the first lockdown.
Luminor continues to unify its operations and systems across the Baltics and has selected the Siena solution, provided by Eurobase, for consolidation of its markets and treasury operations. The planned changes will help Luminor to push ahead in development of a unified and modern digital customer offering.