Lucinity Partners With Itera to Streamline Compliance Solutions Across the Nordics and the UK

Lucinity and Itera are partnering to simplify compliance operations for financial institutions through tailored implementation, advisory, and continuous support services.

September 15th, 2025, Reykjavik, Iceland - Lucinity and Itera, a Nordic consulting- and technology firm, have formed a strategic partnership to deliver modern compliance operations for financial institutions across the Nordic region and the United Kingdom. This collaboration combines Lucinity’s AI-driven compliance platform with Itera’s regional expertise, implementation capabilities, and ongoing service model to improve operational efficiency in financial crime compliance.

Through this partnership, Itera will lead onboarding, integration and ongoing support to ensure that financial institutions gain full value from Lucinity’s platform. By combining Itera’s proven delivery framework with Lucinity’s automation-driven technology, the alliance addresses common adoption challenges. It eliminates delays, misaligned processes and user friction with a unified end-to-end implementation and support model.

The role of Itera spans all phases from solution planning to integration and change management, ensuring Lucinity’s system aligns with existing workflows. Lucinity, in turn, provides the product and technology backbone, including:

• A centralized Case Manager for managing investigations and alerts
• Luci, the AI Agent that accelerates analysis, summarizes cases, and visualizes transactional data and the Luci AI Agent Plugin
• Configurable detection engines for AML and fraud monitoring
• Automated regulatory reporting tools tailored to jurisdictional needs
• Customer 360 for AI-powered customer insights 

Lucinity chose to partner with Itera for its deep familiarity with regulated industries and its practical, execution-focused approach. Itera’s blend of design, development and analytics is ideally suited to integrate complex systems in financial environments. Their regional footprint and cultural fluency ensure that financial institutions receive localized service without sacrificing quality or speed.

Gudmundur Kristjansson, CEO of Lucinity, said, “This partnership aligns with our commitment to making financial crime compliance scalable, efficient, and fully embedded in day-to-day operations. Itera brings executional depth and regional trust that accelerates how institutions adopt and benefit from our platform”.

Stefan Astroza, Head of Financial Services at Itera, said, “Lucinity's platform is exceptionally well-designed for financial compliance. Together we can deliver a complete value chain, from advisory to support, for institutions serious about compliance modernization.”

About Itera

Itera is a dynamic team of business advisors, designers, and technologists. The company has operated in the banking, insurance, and financial services sectors for over three decades. Working from offices in the Nordics and Central and Eastern Europe, they serve customers globally. Itera’s integrated service model ensures clients receive both technical solutions and strategic guidance. Learn more at itera.com

About Lucinity

Lucinity is a SaaS company headquartered in Reykjavik, Iceland, delivering AI-powered financial crime compliance solutions. The company’s product suite includes a centralized Case Manager, Customer 360 insights, and Luci, a GenAI-powered co-pilot for investigators. Lucinity works with financial institutions globally, including Pleo, Currencycloud, Arion Bank, and Trustly, to streamline and automate AML and fraud investigations.

Learn more about Lucinity at lucinity.com

Media ContactCelina PabloPR Manager, Lucinitycelina@lucinity.com