Lucinity Wins Silver in Best AML Transaction Monitoring Innovation at 2025 Fraud & AML Impact Awards
Lucinity has been awarded Silver for Best AML Transaction Monitoring Innovation at the 2025 Datos Insights Fraud & AML Impact Awards. Lucinity's Time Travel feature was recognized for helping compliance teams instantly test, optimize, and fine-tune AML detection.
Reykjavik, Iceland, August 20th, 2025 – Lucinity, a leading AI company focused on financial crime prevention, received the Silver Award for Best AML Transaction Monitoring Innovation in the 2025 Datos Insights Fraud & AML Impact Awards.
The Transaction Monitoring Innovation category highlights new solutions, innovations, or datasets that elevate risk-based AML transaction monitoring to detect suspicious activity indicating potential money laundering or terrorist financing.
Lucinity’s Time Travel feature within its Transaction Monitoring system was awarded for its ability to test, validate, and optimize detection rules using historical production data. Analysts can simulate scenarios instantly, forecast alert volumes, assess workload impact, and uncover missed threats, all without needing a testing environment or engineering support.
Unlike legacy AML systems, Time Travel provides no-code scenario testing directly within the platform. This eliminates data duplication, slow testing cycles, and IT dependence, giving compliance teams full control over detection performance. It shortens deployment time for scenarios and supports proactive risk tuning.
Financial institutions often face challenges in fine-tuning detection without real production data, leading to weak coverage and high false positives. Time Travel solves this by enabling instant scenario testing on production-grade transaction history with clear, actionable feedback.
“Our customers say that the Time Machine is in fact life changing. One of our customers reduced their false positives by 89%. That’s huge,” said Founder and CEO Guðmundur Kristjánsson. “One of our other customers previously needed to sync across 3 teams and took days to configure a new rule. Now, they are able to do this all on their own without needing any coding skills or technical support.”
The annual Fraud & AML Impact Awards are hosted by Datos Insights, the leading research and advisory partner to the banking, insurance, and securities industries. They recognize outstanding FinCrime technologies based on their level of innovation, competitive differentiation, market relevance, financial crime risk mitigation, tangible operational impact, scalability, ease of integration, and roadmap strength. Lucinity’s Time Travel product was recognized for delivering on all these dimensions.
Transaction Monitoring is part of Lucinity’s compliance suite, which also includes the Case Manager, Customer 360, Regulatory Reporting, and the Luci AI Agent, which is embedded into Lucinity’s platform or available as a plugin. Together, these tools help institutions speed up investigations, enhance detection, and improve consistency.
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.
Media Contact
Celina Pablo
Senior Marketing Manager
celina@lucinity.com
