Lucinity and Experian to tackle financial crime

New solution will create a more actionable, productive, and dynamic approach to KYB and financial compliance.

Jeremy Doyle
2 min

Reykjavik and London, June 16, 2022Lucinity and Experian announced today that the companies have entered a strategic partnership to deliver next-generation ongoing Know Your Business (KYB) and compliance risk assessments.

This partnership will combine Experian’s financial crime data sources with Lucinity’s artificial intelligence (AI) and data visualizations to achieve a continuous view of changing risks in business relationships. Lucinity and Experian’s joint solution will help organizations make more informed decisions that will ultimately allow them to detect and prevent financial crime.

The partnership will bring Know Your Customer (KYC), risk, screening, and transaction monitoring data together into the Lucinity platform, allowing for KYB compliance processes to be more productive and efficient. It will enable organizations to carry out dynamic, event-based reviews based on material changes in activity and behaviour. In addition, the solution will provide users with a macro-view of compliance risk across their entire organization by comparing the risk profiles of different customers.

The number of cash-intensive businesses in the UK has tripled in the last 12 years; this brings with it fundamental challenges around effective anti-money laundering measures,” says James McGarva, Managing Director of Business Information at Experian. “This partnership with Lucinity will help financial institutions tackle financial crime more effectively and significantly reduce criminal activity within the UK economy.

The solution will help Experian customers break down the silos between different data sources, better contextualize information, and receive actionable information at their fingertips, all of which will drive greater productivity in their day-to-day work. Lucinity and Experian are now open for clients to join them on this journey to generate valuable business intelligence for their organization.

This exciting partnership is going to significantly accelerate innovation in perpetual monitoring of customer relationships,” says Jeremy Doyle, Lucinity’s VP of Enterprise and Partnerships. “We both see our core business strategies align and the companies become leading voices in this important area of anti-financial crime.

About Lucinity

Lucinity is an anti-money laundering (AML) software developer on a mission to Make Money Good. Lucinity aims to solve productivity and efficiency issues for financial institutions through the company’s ‘Human AI’ approach, a toolset that combines next-generation AI with human insights and expertise.

By leveraging AI, the AML software learns from every interaction and continues to improve indefinitely, providing fewer false positives and saving time. This is on top of its best-in-class interface and visualizations that put users first. Professionals can experience Lucinity’s AML compliance solution, including transaction monitoring, through a free demo environment available on

Lucinity operates globally, with headquarters in Reykjavík, and serves customers ranging from Tier-1 banks to FinTechs. To learn more, visit

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 20,600 people operating across 43 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at or visit our global content hub at our global news blog for the latest news and insights from the group.

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