Generative AI

Discover how generative AI is transforming compliance in financial services. Explore the opportunities, risks, and growing legal framework surrounding AI adoption in compliance functions.

The long-standing build vs. buy debate in financial services often leaves banks stuck between the high costs and risks of building their own AI systems and FinCrime Copilot, and the inflexibility of off-the-shelf solutions—but what if we told you you could have both?

Discover the top 10 GenAI tools revolutionizing FinCrime prevention and make an informed choice.

In this blog, we highlight some key research on GenAI published by Accenture and BCG, on how banks can implement GenAI for productivity gains and cost savings.

Learn more about the benefits, challenges, and considerations for implementing AI copilots for financial compliance, as well as Lucinity's approach to leveraging generative AI for financial crime operations

Explore the role of Gen AI in financial scams, its advanced fraud detection capabilities, and the necessary security measures to prevent misuse.

Lucinity's Luci Copilot has been highlighted in a recent Financial Times Banking Risk & Regulation article on the use of AI copilots to alleviate the pressures faced by compliance teams in banks.

Discover how Generative AI is redefining financial crime prevention with advanced predictive modeling, anomaly detection, and adaptability to combat fraud effectively.

Lucinity was featured in a Financial Times article that provides a deep dive into the increasing sophistication of AI tools used for fraud, such as voice cloning and deepfakes.

Explore the world of Generative AI with Lucinity's comprehensive guide. Uncover its impact on financial technology and discover the future of innovative, ethical AI solutions in finance.

In a recent webinar co-hosted by Microsoft and Lucinity, industry experts gathered to discuss how to leverage Microsoft Azure OpenAI.

In this blog, Lucinity summarizes key insights from its recent panel discussion at Sibos 2023 in Toronto. It delves into the ethical considerations and strategies for the responsible implementation of generative AI.

Today marks Lucinity's 5th anniversary. As I reflect on our journey, from our modest start in Reykjavik to making an impact worldwide, it's clear that passion, determination, and a spirit of innovation have been our constants.

In this blog, Lucinity summarizes key insights from its recent panel discussion at Sibos 2023 in Toronto. This blog explores the shift from solo analysts to a "copilot" approach, where human expertise is augmented by generative AI.

What a month for Lucinity! Reconigzed as one of three Cool Vendors™ by Gartner®, winner at the Datos Impact Awards, and now part of Microsoft's Azure Marketplace. These milestones underscore our leadership in financial crime prevention, all powered by our AI copilot, Luci.

The blog highlights how generative AI and copilots are transforming Suspicious Activity Reporting, making it more consistent and efficient, and generating higher-quality reports.

Lucinity's Founder and CEO provides a response to Oliver Wyman's blog on chatGPT and the compliance function, highlighting the practical applications and limitations of Generative AI in FinCrime Prevention.

This blog explores financial intelligence units (FIUs), covering 4 models and highlighting the crucial role of advanced analytics and privacy-enhancing technologies in supporting FIUs.

Luci's transformative potential empowers analysts to work more efficiently by providing context-specific information, reducing data analysis time, and boosting productivity for compliance professionals.

Lucinity has been featured in an article by CNBC, highlighting the perspectives of banking and fintech executives on generative AI and the launch of the Luci copilot at Money 20/20 in Amsterdam.

Today, I'm excited to share a deeply personal milestone, one that's been five years in the making: the launch of Luci. It's not just an AI tool—it's a game-changer, moving financial crime prevention from a process that took hours to one that takes minutes.

Lucinity explores Generative AI such as chatGPT offers exciting opportunities for Financial Institutions, particularly in the field of Financial Crime and compliance investigations.

The AML industry is being transformed by the marriage of human intelligence and technology through augmented intelligence and generative AI. These technologies are making compliance teams faster and more efficient with a significant ROI.