Luminance, the pioneer of Legal-Grade™ AI for enterprise, today announced that leading Banking Services Provider, LHV, has adopted its technology to streamline and enhance contract workflows. As the business continues to scale, the legal team was facing growing volumes of agreements under tight deadlines. Manual review processes were time-consuming and prone to bottlenecks, which led the team to adopt Luminance to improve both accuracy and efficiency across their legal workflows.

“We’re excited about the future of AI in legal operations and believe tools like Luminance are essential for forward-thinking institutions,” says Olivia Miller, trainee solicitor at LHV. “This collaboration reflects our broader commitment to digital transformation and innovation across the business.”

Luminance enables LHV to approach legal work with far greater speed and confidence, from reviewing contracts and highlighting key clauses to identifying potential risks in minutes. This means the legal team can focus on higher-value strategic work rather than spending time on repetitive low value or manual tasks. In turn, AI enables the business to scale operations without proportionally increasing headcount or external counsel costs.

LHV will be using Luminance to support the development of a streamlined ticketing system, a centralized document repository, and a more efficient contract review process. The platform will be especially valuable in standardizing and accelerating the review of commonly used legal documents, including client and vendor agreements, NDAs, and other routine contracts. This is expected to cut review times by at least 50% for low-value, high-volume documents such as NDAs and reduce complex contract turnaround from days to under an hour. Beyond the significant time-savings, improved accuracy helps to ensure consistency and significantly reduces legal risk. Luminance’s analytics capabilities will also enable the team to monitor contract termination and renewal dates, ensure alignment with internal policies, and strengthen regulatory readiness.

And it’s not just the legal team benefitting from Luminance. Faster negotiation means quicker client onboarding for Relationship Managers, while Product teams experience fewer delays in the contract negotiation process, enabling quicker deal closures with a range of suppliers and the executive team have clear visibility into the legal team’s activity across the organization, supporting faster, more informed decision-making at the executive level.

“We’re thrilled to welcome LHV into the Luminance family as they continue their impressive digital transformation journey. This partnership underscores our shared vision of leveraging cutting-edge AI to drive innovation and efficiency across the legal sphere,” remarks Eleanor Lightbody, CEO of Luminance.

About LHV

LHV Bank, a fully licensed UK bank, specialises in providing Retail Banking for UK consumers, SME Lending solutions for UK businesses, and Banking Services for global fintechs. LHV Bank’s Retail Banking, with a digital-first approach, delivers a competitive market leading interest rate on all current accounts as standard and competitive savings accounts.

The SME Lending division offers trading, commercial real estate investment loans and specialist buy-to-let loans from £0.5m to small and medium-sized businesses in the UK. As a leading Banking Services provider, LHV Bank enables its clients to reach 500 million end-customers across the UK and Europe. Its Banking Services are used by over 200 international clients, serving tens of millions of end customers.

LHV Bank is a subsidiary of LHV Group, the largest domestic financial group and capital provider in Estonia.

About Luminance

Developed by AI experts from the University of Cambridge, Luminance’s Legal-Grade™ AI automates and augments every touchpoint a business has with its contracts. Its Mixture of Experts approach - known as the “Panel of Judges” - uses probabilistic consensus to ensure legal-grade accuracy during contract generation, negotiation and post-execution analysis. Trusted by over 700 customers in 70+ countries including a quarter of the world’s largest law firms and multinational organizations across industries, from AMD and National Grid to LG Chem and DHL, Luminance’s end-to-end platform brings specialist AI to wherever computer meets contract.