Lucinity Featured in Everest Group’s Report on Digital Identity Solutions Supporting Financial Crime and Compliance
Lucinity has been recognized as one of just 12 providers featured in Everest Group’s 2025 report, Digital Identity Solutions: The Tech Engine Driving Financial Crime and Compliance (FCC).
Reykjavík, Iceland – April 29th, 2025 – Lucinity, an innovative provider of SaaS solutions for financial crime compliance, has been featured in the Everest Group’s March 2025 market report titled Digital Identity Solutions: The Tech Engine Driving Financial Crime and Compliance (FCC). The report examines how digital identity solutions are shaping fraud prevention, regulatory compliance, and operational efficiency across the global banking and financial services sector.
Produced by Everest Group, an international global research and advisory firm, the report highlights current innovations, regulatory challenges, and the application of technologies like AI and decentralized identity systems in the banking and financial industry. It aims to provide strategic guidance to banks, financial institutions, and solution providers operating in an increasingly regulated and digitized market.
According to the report, “The market has evolved from manual verification to AI-driven personalization, driven by advances in technology, security demands, and compliance requirements.” It explores how digital identity is becoming a foundational element in fraud prevention, Know Your Customer (KYC), Anti-Money Laundering (AML), and broader compliance strategies. Lucinity is listed among several specialized participants contributing to this digital shift.
Lucinity’s platform is designed for system-agnostic integration, enabling financial institutions to modernize compliance operations without overhauling existing infrastructures. Its key offerings include the AI-powered Case Manager, which unifies all alerts and compliance signals, and Luci, an AI agent that enhances investigations by summarizing cases, visualizing money flows, and supporting report creation. With Luci’s Plugin, institutions can instantly apply Luci’s capabilities across CRM systems, Excel sheets, and third-party applications with zero integration time. The platform’s configurability and seamless integrations mean that customers can modernize operations without system overhauls or long deployment cycles.
The report’s focus on technologies like AI-based risk detection, automation, and real-time decisioning aligns with Lucinity’s strategic vision. By combining workflow automation, explainable AI, and a user-centric design, Lucinity delivers measurable improvements in case review speed and consistency—reducing average investigation times from 2.5 hours to under 30 minutes.
“Being included in this report affirms the growing relevance of our AI-powered solutions in the financial crime space,” said Gudmundur Kristjansson, CEO and Founder of Lucinity. “Financial institutions today face increasing pressure to achieve consistency, reduce costs, and deliver fast, secure compliance operations. Our goal is to empower them with technology that is fast to implement, intuitive to use, and effective across diverse systems.”
About Lucinity
Lucinity is a global SaaS company that specializes in AI-driven solutions for financial crime compliance. With a strong focus on user experience, configurability, and cost efficiency, Lucinity empowers financial institutions to conduct faster, more consistent, and auditable investigations. Through the fusion of generative AI and human oversight, Lucinity helps organizations achieve regulatory adherence, operational effectiveness, and long-term risk mitigation.
Learn more at www.lucinity.com
About Everest Group
Everest Group is a leading global research firm focused on strategic IT, business services, engineering services, and sourcing. For over 30 years, Everest Group has helped organizations drive transformation and achieve breakthrough performance by delivering actionable insights, market intelligence, and advisory services. The firm’s fact-based research spans across industries and geographies, empowering business leaders to make confident decisions and create sustainable value. With a reputation for trusted expertise and a client-first approach, Everest Group partners with enterprises, service providers, and investors to navigate today’s dynamic market environment and unlock new growth opportunities.
Learn more at www.everestgrp.com.
Media Contact
Celina Pablo
Senior Marketing Manager, Lucinity
celina@lucinity.com
