Lumin Digital, a cloud-native digital banking solution provider, has teamed up with Chimney to improve the digital banking experience for homeowners.

This collaboration integrates Chimney’s MyHomeTracker solution into Lumin’s digital banking platform.

Lumin Digital chief product officer Sean Weadock said: “Integrating Chimney’s MyHomeTracker solution into our digital banking platform empowers users with valuable insights about their home while also delivering personalised financial education and offers, all seamlessly within their digital banking experience.”

MyHomeTracker will enable users to monitor home values, assess borrowing power, and access financial education on homeownership.

Homeowners will also receive personalised loan offers directly within their banking apps.

Current banking applications often lack essential homeownership information, leading to a disjointed experience for users.

The integration of MyHomeTracker aims to provide a more cohesive and informative digital banking experience.

Lumin Digital’s platform is designed to be customisable and scalable, allowing for seamless integration with Chimney’s solution.

This will enable financial institutions to offer homeowners critical insights in an intuitive manner, stated Lumin.

BCU, a credit union with over $6bn in assets, is the first to implement the MyHomeTracker solution. This tool will be accessible to BCU’s more than 360,000 members across the United States and Puerto Rico.

MyHomeTracker offers data covering 98% of residential properties in the US, providing Lumin Digital’s clients with the ability to deliver a more tailored banking experience.

In January this year,  Lumin Digital collaborated with FINBOA to support paperless payment dispute management.