Our Insights
One of our values is Shared Intelligence - a belief that we can accelerate progress by sharing data and knowledge.
Read on below for news, reports, and a multitude of insightful readings curated across AML, Compliance, RegTech, and Augmented Intelligence. If you are a thought leader in this space, don’t hesitate to contact us, as we love collaborating!
Lucinity featured in Risk.net
"AI and machine learning tend to be better than humans at convergent thinking. Humans, on the other hand, tend to excel in divergent thinking – the ability to come up with new solutions, underlined by a greater sense of nuance."
Detecting Anomalous Behavior in Complex Environments
Fast-paced geopolitical events, regulatory changes, and low-cost measures can grind compliance to a halt. A year in from the invasion in Ukraine, we look at how long-term compounded monitoring frameworks translate into equally complex controls, and how FI's can use technology to help.
Embracing Equity in Tech: A Dad's Perspective
Being the father of three amazing girls, equity is near and dear to my heart. My wife and I have always emphasized raising leaders, and we encourage our girls to try everything at least once before deciding it's not for them.
Introducing the Lucinity Growth Advisory Board: Accelerating Our Mission to Make Money Good
It is with great excitement that I unveil the creation of our Growth Advisory Board - a team of brilliant minds with the experience and expertise to take our AML compliance platform to the next level.
The Evolution of Diversity, Equity, Inclusion, and Belonging
Iceland is the first country in the world to put a law around equity – The Act on Equal Status and Equal Rights of Women and Men. The act is one of the main reasons Iceland is now leading the fight toward closing the gender pay gap.
Equity for the Minority: From the Perspective of a Female Foreigner in Tech
In my view, the global technology sector is still influenced by outdated social patterns that disproportionately affect minorities. We should all reflect on how our socialization and underlying beliefs impact our teamwork.
Human Trafficking: Taking a Stand for Women's Equity in Financial Crime
It isn't easy to wrap your head around Embracing Equity in the AML industry when human trafficking-related typologies mainly target women. A multi-faceted approach and collaborative effort must be made by all parties involved.
Embracing My Strengths as a Woman in a Male-Dominated Industry
By sharing my story of embracing my feminine strengths in a mostly masculine industry, I hope to encourage and inspire other women to do the same. It's crucial that we continue to break down barriers and empower all women to bring their unique perspectives and talents to the table.
Unlocking the Power of Equity: How it Shapes a Company's Culture
Why does equity matter in an organization like Lucinity? We believe that everyone deserves to be treated with dignity and respect, including providing them with the support they need to succeed.
4 Pillars of KYC
Like the transaction monitoring space, Know-Your-Customer (KYC) is a highly competitive and complex space where different types of customers need different types of solutions.
Icelandic neobank indó selects Lucinity for modern financial crime prevention
indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions.
Are We in This Together? Dutch Banks Introduce Fees to Fight Money Laundering
Dutch banks have recently introduced fees hitting commercial customers, foundations, and churches. These fees cover the extra compliance costs needed to fight financial crimes.
The measure has been assessed as "bizarre and ridiculous" by the customer segments affected.
Lucinity's Input into the FCA's Synthetic Data Feedback Statement
In February 2023, the Financial Conduct Authority (FCA) published a Synthetic Data Feedback Statement that Lucinity contributed to. Read further for a summary of Lucinity's perspective on the challenges and opportunities of using synthetic data, specifically within financial crime.
On Valentine’s Day, is it too much to ask that you love your AML system, too?
Let's break up with legacy AML systems!
Lucinity featured in Waters Technology
In a recent article, Theo Normanton from Waters Technology expands on the use of Privacy Enhancing Technology (PET) and Data Pooling in the fight against financial crime.
AML Reimagined: How Augmented Intelligence and Generative AI will Transform AML Teams
The AML industry is being transformed by the marriage of human intelligence and technology through augmented intelligence and generative AI. These technologies are making compliance teams faster and more efficient with a significant ROI.
Lucinity featured in IBS Intelligence 2023 Predictions
This month, IBS Intelligence published a 2023 lookahead, sharing the top predicted trends that this year has in store for us.
Transaction Monitoring: The Basics
Get informed about transaction monitoring and how it can benefit your business in the fight against financial crime.
Lucinity featured in Reuters Regulatory Intelligence
Lucinity's Founder and CEO, Gudmundur Kristjansson (GK), writes an article for Reuters Regulatory Intelligence about combatting financial crime in 2023 through AI and machine learning.
Are You Who You Say You Are? EBA Releases New Guidelines On Remote Onboarding
The European Banking Authority released its guidelines on remote customer onboarding. These apply to both credit and financial institutions. At the same time, they set the standards within the EU for developing sensible CDD processes.
7 Compliance & Financial Crime Trends for 2023
The increasing geopolitical tensions between the United States, Russia, and China will likely drive the Compliance agenda during 2023. Regulation is expected to become considerably tighter over the next few years, so we've outlined what we think will be the biggest trends in 2023.
Lucinity is a RegTech100 company
We are elated to announce that Lucinity is a RegTech100 company! Lucinity was selected as one of the top innovative RegTech companies, transforming the industry and helping financial institutions improve their compliance and risk management functions.
Where Are the Gaps in Your Compliance Plan?
In a recent ACAMS Today, different polls performed across several compliance practitioners showed a wide range of root causes for potential gaps in related compliance programs.
Compliance as a Partner: Fighting Financial Crime & Enabling Business Growth
Compliance is essential for a productive and integrated workplace. Charlotte Lowry, MLRO and Compliance Officer from PLEO, and our founder, GK, are huge proponents of how advantageous a culture of compliance is to a business.
Arion Bank and Lucinity Join Forces in the Fight Against Money Laundering
Arion joins a group of global banks and financial technology companies using Lucinity's anti-money laundering (AML) software solution.
How a Combined Approach Using AI and Human Intelligence Can Combat Money Laundering
Our Founder & CEO, Gudmundur Kristjansson (GK), was interviewed by Robin Amlôt for the IBS Intelligence podcast.
AML Compliance: What You Should Know
AML compliance includes processes, policies, and training. Financial Institutions (FI) have invested heavily in Compliance, but each year they've been careful to ensure that FIs covered other risk functions and reputational risks
Evolving AML Regulatory Environment: Bunq and The Dutch Central Bank
The recent case and court ruling favoring Dutch challenger bank, Bunq highlights how advanced Anti-Money Laundering (AML) tools and practices are gaining ground across the Financial Services industry.
Humans + AI = Supercharged AML
In a recent article by techhq.com, Lucinity's Expert in Financial Crime & Regulatory Transformation, Francisco Mainez, discussed the unique capabilities of Human AI.
Lucinity featured in TechRound
TechRound interviews Lucinity's Founder and Chief Executive Officer about his story of why and how he founded Lucinity.
Tackling Operations as Lucinity Grows Is A Welcome Challenge
I like the term operational excellence (OE). Its simplicity captures the mindset that teams should continue to strive for excellence in how they operate their products and services.
Lucinity featured on Nordic Fintech Magazine: Is Human AI our secret weapon to fight financial crime?
Our founder, GK, talks to Cris Crespo from Nordic Fintech Magazine about his inspiration for starting Lucinity and why it's so important to bring humans and AI together.
Lucinity featured in Euromoney: Financial crime compliance is ripe for innovation
The right technology makes AML processes more productive and efficient
Iceland PRIDE: in the Workplace
We had a lunch and learn hour about the history of PRIDE around the world and how to create a genuinely inclusive work environment
Sustaining Trust with Customer Success
Lucinity's Head of Customer Success, Cate Wright, discusses how Lucinity puts customer AML compliance needs first.
Lucinity featured on PYMNTS.com: FIs Need Collaboration AND Technology to Win AML War
FIs such as the European Banking Authority (EBA) have called for a better data-sharing framework to combat financial crimes
Lucinity featured in Raconteur: Driving efficiencies in payment technology
Cross-border trade in the post-pandemic world offers enterprise-level companies opportunities as well as challenges.
Lucinity raises $17 million in a Series B funding round
Lucinity is using the proceeds to accelerate growth and geographic coverage for its unique Human AI technology.
Lucinity featured in The Banker: adapting KYC and AML to the times
KYC and AML have enormous potential locked away behind a lack of productivity for those fighting financial crime.
Power to the people: deploying 'Human AI'
Letting AML analysts focus on the context and behavior behind the numbers, without burdening them with the need to also collect, process, and analyze data.
AI for AML: building Human AI
What is the benefit for human beings, and thus businesses, that AI technology creates, and how do we maximize it?
Lucinity partners with SEON to unlock synergies in AML compliance and fraud management
Lucinity has partnered with fraud management company SEON to include real-time fraud prevention capabilities in its AML compliance software.
Lucinity and Experian to tackle financial crime
New solution will create a more actionable, productive, and dynamic approach to KYB and financial compliance.
AI-powered, human-centered: explaining 'Human AI'
In this first post of a three-part blog series, we clear the air about AI, and explain Human AI: what it means, how it’s similar and why it’s different. And how it’ll help you fight financial crime better.
Pleo selects Lucinity to provide trusted AI-powered AML software as it continues to scale
Lucinity's highly scalable products combined with its integration-friendly application program interface (API) was the ideal solution to support Pleo’s rapid expansion.
Five things you need to know when selecting an AML solution
Enhanced Due Diligence covers not just onboarding your customers but also your supply chain.
Good Money starts with Good People
For us, social responsibility isn’t and cannot be a checkbox to tick with a mere page on our website.
Make Money Good in a galaxy far, far away
May the Fourth be with you all, always.
Riding the wave of AI innovation: Lucinity on VentureBeat
VentureBeat lists Lucinity among 10 notable companies making strides in AI innovation.
How do you keep your crypto business compliant without sacrificing speed and innovation?
Buying a regular AML compliance solution for your crypto business upsets the balance of power between your UVP and the expectations of the AML vendor.
Using Automation, Data, AI, and Machine Learning to Fight Financial Crime
Panel discussion about the role technology plays in anti-money laundering, and the challenges and concerns that come with adopting new tools such as AI.
Digitalization and optimization in AML @ the AML & FinCrime Tech Forum
To optimize AML and raise productivity to the levels required in today’s regulatory landscape, financial institutions need to correct the lens through which they view compliance.
Announcing the Lucinity SAR Manager
The Lucinity SAR Manager is a modern, intuitive, and enjoyable solution for compliance professionals to finally be able to file SARs efficiently.
Lucinity + Experian: partners in fighting FinCrime, to host webinar
An exclusive webinar to learn from some of the most renowned experts in the field of AML compliance.
Lucinity goes to Hollywood
Lucinity will represent the future of AML compliance at ACAMS 2022 in Hollywood, Florida on March 21-23rd, 2022.
Theresa Bercich: the new VP of Product @ Lucinity
She will be responsible for continuously innovating the Lucinity Platform and creating the Lucinity product strategy.
Women in AML: #BreakTheBias and Lead the Way!
There's no better time to start breaking down these barriers and paving a path for future female compliance professionals to advance in their careers.
The Future of AML @ the AML & FinCrime Tech Forum
A keynote on the future of AML through technology and what we at Lucinity do to Make Money Good.
#BreakTheBias with Theresa Bercich — VP of Product
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
#BreakTheBias with Sonja Jónsdóttir — Frontend Developer
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
#BreakTheBias with Kristín Björg Bergþórsdóttir — Data Scientist
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
#BreakTheBias with Ingibjörg Gunnarsdóttir — Program Manager
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
#BreakTheBias with Edda Björk Konráðsdóttir — Backend Developer
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
#BreakTheBias with Anna Berglind Jónsdóttir — Full-Stack Developer
We asked the women of Lucinity to share their thoughts and perspectives, for International Women’s Day 2022, on gender equality and inclusiveness.
The Women of Lucinity: a portrait series for IWD 2022
Make your voice heard on this International Women’s Day of 2022 and every day after. Let’s Break the Bias together!
Building a bright AML future at the AML & FinCrime Tech Forum
It was uplifting to see not only the hunger for better compliance tools but also the abundance of technology available.
Press Play for AML
Good-looking feature sheets may be impressive, but the proof is in the pudding, as they say.
Not a disruption, but an evolution
We are delighted to be the head sponsor for the AML & FinCrime Tech Forum 2022 virtual event.
Filing SARs is supposed to be the cutscene, not the boss fight
Will SAR filing be the end of the hero's journey, or do you have enough strength in you for one last stand?
Productivity and profitability: rethinking the role of AML compliance
Rethinking the role of AML compliance using technology both unlocks cost offsetting for compliance and provides insights in customer data for revenue-generating opportunities.
Lucinity in Top 40 solutions for UN SDGS
We’re proud to be in an illustrious company of businesses from 29 countries who are innovating forward sustainably and responsibly.
'Letter to this world' - written for the Financial Times
Human trafficking, slavery, and terrorism are horrible problems. And they are too big for institutional egos.
Welcoming the New Dawn in Compliance
We have the technology that, when applied correctly, can boost AML productivity, and turn around the traditional view of compliance as a pure cost center.
How can we wake up and bring light to the long night of money laundering?
GK, Lucinity’s founder, and CEO joins D. Edward Wilson to discuss the way out of the long night of AML and the bringing forward of a new dawn of compliance.
In their own words: AML in the real world
Actual AML professionals explain why it’s so hard to shine light on financial crime, in their own words.
The three chief money laundering risks for crypto fintechs
We want to make all money good, not just fiat money!
2022: Welcome to the future
Welcome to the future of AML, we’re delighted to have you with us!
Nine anti-money laundering tips for fintechs
These are exciting times for us who have a passion for better financial services.
AML compliance teams need effective user experience and AI detection
If AML professionals get the right software to empower them, they can make financial crime harder and less profitable.
AML compliance tools should empower those who fight financial crime
How can we significantly increase the productivity in AML compliance, and use intelligent compliance systems to create a competitive advantage?
Lucinity won the Nordic Scaleup of the year Award
We are extremely proud and grateful for the recognition of the teams’ relentless effort towards Making Money Good.
Strategic partnership with EY and Microsoft
We look forward to collaborating with such a fantastic team of experts to deliver best-in-class AML solutions to our clients!
GCR World Forums Webinar with Lucinity & Currencycloud
Innovative ways to create a holistic view of customers based on insights derived from data sources such as KYC, transaction monitoring, and screening.
How technology can help turn the war on money laundering
"It’s so important we push technology to the frontline, as our chief weapon against money launderers. In doing so, it can also act as the critical bridge between banks and regulators across the world."
A battle cry for the war against money laundering
"Money laundering is too big for anyone, or anyone tool, to solve it in isolation."
Simply human technology
Through innovation, we can become a better human society in more ways than one.
Lucinity a finalist at The Impact Shakers Awards
We believe that by transforming Anti Money Laundering, we can have a tremendous positive impact on society.
Lucinity on RegTech Global TV
GK, the CEO Of Lucinity, discusses Human AI, Outdated AML, and Crypto’s Impact on Money Laundering in a RegTech Global interview.
Artificial intelligence gets real: The new era of AI
Four characteristics that make today’s AI more intelligent and less artificial.
Theresa on The Women in FinTech Powerlist 2020
Theresa has been a crucial part of our mission to Make Money good by leading our product development through an innovative perspective on AI and technology.
Ed Wilson joins Lucinity‘s advisory board
We aspire to bring new and exciting approaches to the AML market while sympathizing with our customers’ struggles and understanding their situation. Ed helps us to do just that.
International Women's Day 2021
The $2 trillion business of money laundering disproportionately impacts women by funding crimes such as human trafficking.
Lucinity on 11:FS Spotlight Podcast
Lucinity's Justin Bercich had a virtual sit down with Simon Taylor to discuss the role that AI and Human AI will play in shaping the 2020s!
From customer to executive: Why I joined Lucinity
Lucinity’s new Head of Legal and Compliance, Daníel Pálmason, shares his experience of becoming the company’s first customer and the decision to join our team.
Partnership with Neo4j
We look forward to delivering cutting-edge innovation to our customers, rooted in this partnership over the next few months.
Commenting on FinCEN’s ANPRM (part 3): The single-step AML process
The global AML community still has to make a few adjustments to get on the same page, but with the support of influential organizations like FinCEN, we’re well on our way.
We are ISO 27001 certified!
Security is at the heart of Lucinity’s culture.
Commenting on FinCEN’s ANPRM (Part 2): Authorities take the lead
It seems that FinCEN is moving our field in the right direction, and we look forward to the upcoming positive changes and results.
Lucinity adds Head of Legal & Compliance and Global Head of Sales
The next stepping stone in Lucinity’s growth curve as Daníel Pálmason is joining Lucinity as the Head of Legal and Compliance, and Jeremy Doyle as the Global Head of Sales.
Five AML trends for 2021
Justin Bercich, Head of Artificial Intelligence at Lucinity, writes on what he believes the AML trends of 2021 will be.
