Guðmundur Kristjánsson (GK)

The long-standing build vs. buy debate in financial services often leaves banks stuck between the high costs and risks of building their own AI systems and the inflexibility of off-the-shelf solutions—but what if we told you you could have both?

In this blog, we highlight some key research on GenAI published by Accenture and BCG, on how banks can implement GenAI for productivity gains and cost savings.

I'm excited to announce Luci's new system-agnostic AI copilot plugin, designed to integrate effortlessly with any financial institution's existing tech stack, boosting productivity by up to 90%

Last month, the FCA sent one of its famous ‘Dear CEO’ letters to 1,000 Annex 1 firms, warning about common failings it identified in their financial crime controls. Lucinity shares our thoughts on how to help close the gaps identified.

Udi Nessimyan is appointed as Lucinity's new President and Chief Revenue Officer. With a wealth of experience from various tech companies, Udi is responsible for developing Lucinity's GTM strategy and setting up the company for growth and long-term success.

We're thrilled to announce Tess Bercich's promotion to Chief Product Officer and her new role as a Co-Founder at Lucinity. Her talent has been vital to our growth and we're excited for what's next with Tess leading the way.

This blog explores the impact of the EU's AI Act on businesses, emphasizing how this legislation ensures the safe and ethical use of AI and serves as a catalyst for innovation and growth.

One year since ChatGPT's debut: Discover how in the financial crime space, AI is empowering workers, not replacing them, bringing substantial economic advantages to banks and companies alike.

Today marks Lucinity's 5th anniversary. As I reflect on our journey, from our modest start in Reykjavik to making an impact worldwide, it's clear that passion, determination, and a spirit of innovation have been our constants.

What a month for Lucinity! Reconigzed as one of three Cool Vendors™ by Gartner®, winner at the Datos Impact Awards, and now part of Microsoft's Azure Marketplace. These milestones underscore our leadership in financial crime prevention, all powered by our AI copilot, Luci.

We're thrilled to announce that Lucinity is now available on Microsoft Azure Marketplace. This is a game-changing step that amplifies our mission to make financial crime prevention smarter and faster through user-friendly AI.

Lucinity's Founder and CEO provides a response to Oliver Wyman's blog on chatGPT and the compliance function, highlighting the practical applications and limitations of Generative AI in FinCrime Prevention.

Discover the journey of ethical AI in shaping Lucinity's AI copilot, Luci. Explore how core principles guided its creation for responsible and impactful financial crime prevention.

Today, I'm excited to share a deeply personal milestone, one that's been five years in the making: the launch of Luci. It's not just an AI tool—it's a game-changer, moving financial crime prevention from a process that took hours to one that takes minutes.

The Bank of International Settlements (BIS) Innovation Hub Nordic Centre and Lucinity have partnered on an innovative initiative called Project Aurora. Project Aurora aims to tackle the global challenge of money laundering in cross-border transactions.

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.

Let's break up with legacy AML systems!

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.

Arion joins a group of global banks and financial technology companies using Lucinity's anti-money laundering (AML) software solution.

Lucinity is using the proceeds to accelerate growth and geographic coverage for its unique Human AI technology.

Lucinity's highly scalable products combined with its integration-friendly application program interface (API) was the ideal solution to support Pleo’s rapid expansion.

She will be responsible for continuously innovating the Lucinity Platform and creating the Lucinity product strategy.

Human trafficking, slavery, and terrorism are horrible problems. And they are too big for institutional egos.

Through innovation, we can become a better human society in more ways than one.

Four characteristics that make today’s AI more intelligent and less artificial.

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!

We look forward to delivering cutting-edge innovation to our customers, rooted in this partnership over the next few months.

Security is at the heart of Lucinity’s culture.

For a can-do approach, we need can-do tech solutions.

The FinCEN files have shown that it’s time for a change in AML. We must take a completely new approach in order to catch up with the speed of innovation in financial crime.

Lucinity raises $6.1M to Make Money Good

While communities’ worldwide band together during trying times, scientists collaborate and human compassion is on full display, some rotten apples take advantage of the situation.

Brainpool, the worldwide network of leading Artificial Intelligence and Machine Learning experts, just released a blog on Lucinity.

The honors grant is an essential boost to our operations and will help us achieve our mission of transforming AML through Augmented Intelligence.

We are delighted to welcome our latest customer, Kvika.

In today’s world, machine learning and rule-based approaches are used widely across industry sectors for the purpose of  making  decisions based on the inference of data.

Henry Dreifus, a founding member of Preceptor Capital, joins Lucinity as an observing board member.

We are thrilled to announce Yaron Morgenstern as Lucinity’s newest board member.

We at Lucinity are incredibly thrilled to welcome Anush Vasudevan to the team.

In November 2018, we set the goal of solving the current gap in the Anti-Money Laundering (AML) transaction monitoring market. Today, we are incredibly proud to tell you that we have closed a US $2M seed funding round.

Lucinity uses Augmented Intelligence techniques to bridge the gap between humans and computers.

Our mission is to revolutionize firms’ capabilities in their fight against money laundering.