LHV Bank Partners With legaltech Luminance To Streamline Legal Document Processing

The bank will leverage Luminance’s AI platform to enhance contract review, negotiation, and management.

As LHV expands, its legal team has faced increasing pressure, particularly in managing repetitive, low-value contracts under tight timelines.

“We’re excited about the future of AI in legal operations and believe tools like Luminance are essential for forward-thinking institutions” said Olivia Miller, trainee solicitor at LHV.

“This collaboration reflects our broader commitment to digital transformation and innovation across the business.”

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Luminance’s platform automatically flags key clauses, identifies risks, and speeds up review processes. LHV expects the AI to cut review times for high-volume documents like NDAs by at least 50%, and reduce complex contract analysis from days to under an hour.

This shift will free the legal team from labor-intensive manual reviews allowing them to focus on higher-value legal and strategic work. AI-driven consistency and accuracy are also expected to lower legal risk and strengthen compliance across LHV’s expanding operations.

The technology will further support a wider operational upgrade, including a centralised document repository, a streamlined ticketing system, and an analytics layer to track contract lifecycles.

“Faster negotiation means quicker client onboarding for Relationship Managers, while Product teams experience fewer delays in the contract negotiation process,” the release notes. “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.”

Eleanor Lightbody, CEO of Luminance, added: “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.”

The partnership comes as more financial institutions adopt AI to modernise back-office functions such as compliance, risk management, and legal operations. Growing regulatory demands, complex partner networks, and surging digital transaction volumes have made legal process transformation a top priority.

Developed by AI researchers at the University of Cambridge, Luminance is now used by 700 organisations in 70 countries.

About Luminance

Luminance, a pioneer in Legal-Grade™ AI, uses its “Panel of Judges” approach to optimise every stage of contract management, from drafting to post-execution analysis. Developed at the University of Cambridge, it serves 700+ customers in 70+ countries and recently raised $75M Series C from investors including Point72 and March Capital.

About LHV Bank

LHV Bank, licensed in the UK since May 2023, serves fintechs, UK SMEs, and savers via Raisin UK. It offers SME loans from £0.5m, multi-currency payments, accounts, FX, and open banking. Partnering with 200+ fintechs, it reaches 10M+ customers and plans retail deposits and e-commerce services in 2025.