Great news! The Icelandic Technology Development Fund (TDF) has promoted Lucinity to its honors grant after the team’s pitch to the grant committee. We are incredibly proud of this achievement as the TDF is very selective with the award.
The TDF awards the honors grant on a project basis. We will invest the grant money towards continuous learning and collaboration, helping banks in the Lucinity network learn from each other without sharing data. Doing so helps us create a dynamic defense mechanism against money laundering that continually improves our customers’ capabilities.
These are celebratory times at Lucinity as our initial product releases have fared well, and our customer base keeps growing. The honors grant is an essential boost to our operations and will help us achieve our mission of transforming AML through Augmented Intelligence.