Fintech Finance News: Lumin Digital Hits $1.6B Valuation Following $115M Capital Injection for AI Banking Expansion

Lumin Digital has appointed Mike Valentine, outgoing CEO of BCU, to its board of directors effective October 1, 2026. Bringing over 40 years of credit union leadership experience and a longtime client’s perspective, Valentine joins as Lumin continues expanding the role it plays for banks and credit unions nationwide.

Eclipse Bank has selected Lumin Digital as its new digital banking provider, adopting the cloud-native platform to deliver personalized, frictionless experiences for retail and commercial customers.

Lumin Digital has partnered with MX Technologies to launch a standards-based open banking integration, letting financial institutions offer credential-free, API-driven account connections to third-party apps. The Lumin FDX-supported feature enhances data transparency, security, and control for users while reducing reliance on screen scraping across banks and credit unions.