Lucinity and Consortix Partner to Deliver Full-Service Compliance Transformations

Reykjavik, Iceland & Budapest, Hungary – June 27th, 2025 – Lucinity and Consortix have announced a strategic partnership to deliver a complete compliance solution for financial institutions across Europe. Lucinity’s AI-driven investigation and monitoring tools, combined with Consortix’s deep expertise in implementing and supporting financial crime systems, are solving a persistent industry challenge. Together, they’re closing the gap between regulatory requirements, advanced compliance technology, and the real-world demands of deploying and operating it effectively.

Together, Lucinity and Consortix are offering a comprehensive solution that combines powerful AI technology with full implementation and change management services. Lucinity delivers the core platform—spanning transaction monitoring, watchlist screening, customer 360, customer due diligence, case management, regulatory reporting, and workflow automation—while Consortix provides configuration, onboarding, and integration services tailored to each customer. Together, the two companies cover the end-to-end transformation journey that spans software deployment, user adoption, and post-delivery support.

At the core of Lucinity’s platform is a set of tools designed to increase the speed, consistency, and quality of compliance and investigation work. The Case Manager provides a unified workspace for investigations, while Customer 360 offers a complete view of customers and entities to support decision-making. Luci, Lucinity’s AI Agent, helps analysts research, summarize, and document investigations. Configurable scenarios and risk engines allow for flexible AML, fraud, and KYC detection logic, and built-in regulatory reporting tools automate jurisdiction-specific filings.

Consortix complements these capabilities with deep regulatory knowledge and a strong track record in delivering successful financial crime transformations. Their services span AML, KYC, customer due diligence, transaction monitoring, and regulatory reporting. Consortix takes a modular approach to solution design — selecting the best-fit tools for each case and delivering them in a flexible, yet packaged way. The Lucinity partnership reflects this strategy. It brings together advanced technology with hands-on implementation expertise. This allows institutions to move fast while staying open to future evolution. They manage the full lifecycle of implementation and support—from onboarding and configuration to change management and long-term partnership.

This partnership is especially beneficial for financial institutions seeking to innovate without taking on the risks of fragmented vendor ecosystems or unsupported deployments. With a presence in key regions including the Nordics, the Baltics, the UK, and Central-Europe, Lucinity and Consortix provide local expertise backed by enterprise-ready solutions.

“Our customers shouldn’t have to choose between doing their jobs and managing technology,” said Guðmundur Kristjánsson, CEO of Lucinity. “Too often, teams are pulled off critical work to implement or fix systems that were supposed to help them. This partnership lets us handle the tech so our customers can focus on fighting financial crime.” 

Tamás Sváb, CEO of Consortix, added, “We’ve supported compliance transformations  for over a decade, and Lucinity’s platform has recently stood out. Its configurability and use of agentic AI align with where the industry is going—and what customers need right now. We’re excited to bring it into our offering to help more clients strengthen their capabilities with the right tools. ”

The partnership gives institutions a clear path to more efficient, scalable compliance operations—combining advanced technology with the support needed to deploy and maintain it effectively.

About Lucinity

Lucinity is a Reykjavík-based software company founded in 2018. It helps banks, fintechs, and payment companies fight financial crime with greater speed and efficiency. Lucinity’s FinCrime operating system includes Case Manager, Customer 360, Transaction Monitoring, Regulatory Reporting, and the AI Agent Luci—working together to reduce investigation time from hours to minutes.

The platform is user-friendly, configurable, and self-serve, helping compliance teams improve productivity, cut costs, and make auditable, explainable decisions. Lucinity’s customers include Visa, Trustly, Tandem Bank, Finshark, Titan FX, and Arion Bank. Lucinity also invests in AI innovation through Lucinity Labs, which holds patents in federated learning and PII encryption.

About Consortix

Consortix is a trusted compliance technology and advisory partner, helping financial institutions navigate complex regulatory environments with confidence. With deep expertise in AML, KYC, customer due diligence, transaction monitoring, and regulatory reporting, Consortix delivers end-to-end services that span technology selection, onboarding, integration, and ongoing support. The company partners with leading software providers to offer tailored solutions that align with each institution’s regulatory obligations and operational needs. With a strong presence across Europe and a proven track record in delivering successful compliance transformations, Consortix enables its clients to modernize their compliance operations and respond effectively to regulatory change.

Media Contact

Celina Pablo
celina@lucinity.com
Head of Marketing 

Gábor Farkas
gabor.farkas@consortix.com
Head of Marketing