Lucinity

Learn more about the benefits, challenges, and considerations for implementing AI copilots for financial compliance, as well as Lucinity's approach to leveraging generative AI for financial crime operations

Learn how to effectively plan and implement compliance workflow automation using the best workflow automation software.

Explore how AI copilots for AML are transforming anti-money laundering frameworks. Learn about best practices, common challenges, and how to effectively integrate AI solutions in AML compliance.

In this blog, Lucinity's technology team shares the measures taken to ensure the security of Luci, our GenAI Copilot for financial services. It highlights our use of Azure and Azure OpenAI for creating a secure, scalable, and privacy-focused infrastructure

Explore the role of Gen AI in financial scams, its advanced fraud detection capabilities, and the necessary security measures to prevent misuse.

Explore how AI copilots transform AML compliance with enhanced detection, operational efficiency, and cost reduction. Discover real-world applications and future trends linked to AI copilots for AML compliance.

Learn how AI copilots for Fincrime prevention are upgrading financial crime prevention by enhancing detection accuracy, reducing investigation times, and streamlining compliance processes.

Discover the power of a generative AI copilot for case management - enhancing efficiency, reducing costs, and ensuring thorough, auditable reviews in financial crime prevention.

Explore efficient strategies for compliance teams to enhance AML investigations using AI. Learn about advanced tools and techniques to streamline financial crime prevention.

Lucinity won the 2024 ICA Award for Innovation in Financial Crime Prevention for its exceptional AI innovations, particularly the Luci copilot. Luci's generative AI significantly enhances operational efficiency, earning recognition for excellence in compliance and financial crime prevention.

Lucinity's Luci Copilot has been highlighted in a recent Financial Times Banking Risk & Regulation article on the use of AI copilots to alleviate the pressures faced by compliance teams in banks.

Lucinity's AI Innovation has been recognized at the Microsoft Global Partner Awards 2024. In collaboration with Microsoft, Lucinity has developed Luci, the GenAI copilot for financial crime operations.

Lucinity has been named in the AIFinTech100 list for 2024, recognizing its innovative AI solutions in financial services. Notably, its Generative AI copilot, Luci, significantly reduces investigation times and enhances efficiencies for financial institutions.

Explore effective strategies for reducing compliance costs through automation. Learn about compliance costs, their impact, and how technology can reduce the cost of compliance processes while improving regulatory compliance.

Lucinity launches a new AI copilot plugin that is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications

Lucinity wins the Microsoft Partner Awards for 2024, taking home Partner of the Year - Iceland and the Sustainability and Social Impact awards. Leveraging Microsoft Azure, Lucinity continues to lead in financial crime prevention with innovative AI solutions and significant societal contributions.

Discover how Generative AI is redefining financial crime prevention with advanced predictive modeling, anomaly detection, and adaptability to combat fraud effectively.

Explore the fundamental features of fraud management software to look for to safeguard your organization against sophisticated fraud schemes.

Discover the top 5 ways to cut compliance costs for small businesses, enabling reinvestment in growth and job creation while maintaining regulatory adherence.

Discover the essentials of AML Case Management, how it strengthens financial institutions against crime, and the latest challenges and solutions in maintaining anti-money laundering compliance.

Dive into how Automated AML Workflows can transform your organization's compliance processes, boosting efficiency and accuracy. Learn how Lucinity's innovative solutions are paving the way for streamlined AML operations.

Find out how to optimize your AML compliance with modern anti money laundering monitoring systems. Learn how to streamline compliance processes, improve efficiency, and enhance financial crime operations with Lucinity's comprehensive guide and AML software.

Lucinity has won the FVH Knowledge Award for 2024, awarded by the President of Iceland to Lucinity for its unique innovations in AI.

Discover key strategies to enhance your sanctions screening program, ensuring AML and sanctions compliance and minimizing risks in financial operations.

Discover how Anti-Money Laundering Services adapt to new regulations and transform compliance.

Explore the transformation of AML transaction monitoring, understanding its progression from manual checks and then purely rule-based approaches to sophisticated AI and machine learning-based solutions like Lucinity.

In this blog, we summarise the OFSI’s disclosure powers and FCA review of sanctions programs, and what these updates mean for your organization’s sanctions program.

Understand the AML investigation process and discover how global anti-money laundering compliance teams can streamline their operations with AI. Learn more about AML compliance workflow with Lucinity.

Learn what a Suspicious Activity Report (SARs) is, its crucial role in detecting financial crimes, and tips to streamline SAR filing.

Lucinity's innovative approach to artificial intelligence within the financial sector has been recognized in a recent Financial Times article about good governance co-existing with innovation.

Explore how AI transforms AML Surveillance, enhancing compliance and mitigating risks in the evolving financial sector. Discover AI's role in AML now.

Explore how AI reshapes Anti-Money Laundering Compliance, enhancing detection and efficiency in combating financial crimes for better integrity.

Explore the basics of Anti-Money Laundering (AML) and AML Compliance, designed to protect the financial system and prevent crimes. Know More

Explore the crucial role of public-private partnerships in financial crime prevention. Understand their advantages, challenges, and global impact through real-world examples.

Explore how these seven AML regulatory fines in history influenced the evolution of risk management frameworks and transformed financial regulations.

Lucinity has won the Chartis Research Award for Workflow Automation and has been recognized as one of the top 50 Financial Crime and Compliance companies (FCC50) for 2024 by Chartis Research.

Learn more about the Three Lines of Defense model in compliance and discover how the three lines coordinate for effective risk management and internal audit strategies.

Explore the key differences between SaaS and Legacy FinCrime Prevention Software. Understand how deployment flexibility, scalability, and advanced security measures of SaaS software offer a strategic edge in combating financial crimes.

Lucinity was featured in a Financial Times article that provides a deep dive into the increasing sophistication of AI tools used for fraud, such as voice cloning and deepfakes.

Learn more about what trade sanctions are, different types and examples of trade sanctions, and the impacts of trade sanctions

Explore the FRAML model, its applications in fraud and AML, the pros and cons, and how tools like Lucinity can bring together fraud and AML cases.

This blog offers a summary of the 7 FinCrime and Compliance Trends that FinCrime Prevention Teams must prepare for in 2024. Download the full report to learn more!

Learn more about the financial crime investigation process. Understand their levels, complexities, and challenges, and discover how Lucinity's solutions help streamline the process.

Discover the main Financial Intelligence Units (FIUs) across the globe and understand their role in financial crime prevention.

Explore the world of Generative AI with Lucinity's comprehensive guide. Uncover its impact on financial technology and discover the future of innovative, ethical AI solutions in finance.

Lucinity has partnered with Trustly to enhance its financial crime defenses using Lucinity's advanced technology. This collaboration is set to elevate security and compliance standards in the fintech sector, marking a significant stride in the ongoing battle against financial crime.

In a recent webinar co-hosted by Microsoft and Lucinity, industry experts gathered to discuss how to leverage Microsoft Azure OpenAI.

Lucinity has been recognized in the 2024 RegTech 100 list. The RegTech100 list highlights the most innovative businesses in the RegTech space that every financial institution must know about while developing compliance, risk, and digital transformation strategies.

In this blog, Lucinity summarizes key insights from its recent panel discussion at Sibos 2023 in Toronto. It delves into the ethical considerations and strategies for the responsible implementation of generative AI.

Lucinity has been included in a Gartner report titled "Enhance Banking Offerings With GenAI: Strategic Approaches for IT Tech Providers"

In this blog, Lucinity summarizes key insights from its recent panel discussion at Sibos 2023 in Toronto. This blog explores the shift from solo analysts to a "copilot" approach, where human expertise is augmented by generative AI.

Lucinity announced today that it has been recognized by Gartner as one of three Cool Vendors in a recent report, “Cool Vendors in Applying Generative AI to Banking.

Lucinity has been featured in a MarketWatch opinion article by Barry McCarthy, which discusses the transformative role of Artificial Intelligence in fighting financial crime and reducing costs for banks.

We recently had the pleasure of speaking with Jyske Bank TV during Nordic Fintech Week about the emerging challenges and solutions in financial crime prevention.

Lucinity is honored to announce that it has received the 2023 AML Impact Award for Best Financial Crime Investigation and Reporting Innovation presented by Datos Insights.

Lucinity has been prominently featured in a Financial Times article discussing how AI is utilized in financial services, examining its benefits and risks.

Even Peters, former VP of Growth Strategy at Datadog and Chief Commercial Officer at Dandy joins Lucinity as a Fractional Chief Business Officer. Evan will be responsible for driving growth results at Lucinity.

In this Payments Association Podcast, Lucinity and Starlex discuss the importance of data sharing, the challenges and solutions around data sharing, the importance of partnerships, and what we can do to facilitate better data sharing.

This case study showcases Lucinity's collaboration with Microsoft, using Open AI and Microsoft Azure for the secure development of the Luci copilot.

John McCarthy, former Payments Chief Compliance Officer at Airbnb, joins Lucinity's Growth Advisory Board, signifying a significant step in the company's growth journey.

Lucinity has been featured in an article by CNBC, highlighting the perspectives of banking and fintech executives on generative AI and the launch of the Luci copilot at Money 20/20 in Amsterdam.

From stopping human trafficking to dealing with artificial intelligence, Lucinity highlights four areas where the financial crime system could use major improvements.

Lucinity writes an article for the Payments Association on the new Consumer Duty rules published by the UK's Financial Conduct Authority (FCA), and its impact on payments companies.

"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."

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.

indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions.

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.

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.

Our Founder & CEO, Gudmundur Kristjansson (GK), was interviewed by Robin Amlôt for the IBS Intelligence podcast.

In a recent article by techhq.com, Lucinity's Expert in Financial Crime & Regulatory Transformation, Francisco Mainez, discussed the unique capabilities of Human AI.

We want to make all money good, not just fiat money!

These are exciting times for us who have a passion for better financial services.

If AML professionals get the right software to empower them, they can make financial crime harder and less profitable.

How can we significantly increase the productivity in AML compliance, and use intelligent compliance systems to create a competitive advantage?