Guides & Downloads
Discover a wealth of knowledge on Lucinity's Guides & Downloads page, featuring a selection of downloadable white papers, reports, case studies, and infographics from our fincrime prevention experts.
Seven Compliance and FinCrime Trends for 2024
Generative AI, Industrialization of Fraud, Organized Crime Groups, Sanctions, and more
As financial institutions prepare for 2024, Lucinity highlights seven pivotal trends that are reshaping the industry. With rapid technological evolution and complex geopolitical shifts, the risk landscape for financial crime is becoming increasingly intricate. This report provides an in-depth analysis of emerging threats and suggests innovative strategies required for effective FinCrime prevention.
Infographic: Seven Compliance and FinCrime Trends for 2024
Preparing for the Future of Financial Crime Prevention
This infographic on Compliance and FinCrime Trends for 2024 succinctly outlines seven key developments in the industry. It emphasizes the rise of generative AI, AML and sanctions convergence, and the industrialization of fraud. Additionally, it points out stricter financial crime regulation, cyber-enabled economic crime, and the rise of economic crime groups (OCGs). This compact yet comprehensive visual guide offers essential insights for FinCrime prevention professionals.
Infographic: Lucinity Solution Overview
Challenges for FinCrime Prevention Team Leaders
This infographic provides an overview of common challenges faced by FinCrime prevention team leaders. It showcases how Lucinity's solutions are uniquely positioned to tackle these issues, optimizing operations and improving decision-making processes.
Infographic: Build vs. Buy
The Compliance Software Crossroads
When upgrading your financial crime prevention software, it is important to choose the right approach for your organization. Financial institutions face a critical decision: to purchase a ready- made, off-the-shelf solution or develop a bespoke system in-house.
This infographic compares the pros and cons of each approach, starting with the motivations behind updating compliance technology.
Infographic: SaaS vs. Legacy
Choosing the Right FinCrime Prevention Software
This infographic compares SaaS (Software as a Service) and traditional Legacy FinCrime Prevention Software, highlighting their features, adaptability, and effectiveness against financial crime. Discover the key considerations to keep in mind when moving from legacy to SaaS software.
Infographic: Rip-and-Replace vs. Upgrade-and-Embrace
Upgrading Your Compliance Software
In the era of digital transformation, financial institutions face a crucial decision: overhaul their legacy systems (Rip-and-Replace) or enhance them (Upgrade- and-Embrace). With a 70% failure rate in digital transformations, it is important to choose the right approach. This infographic compares these two strategies, offering insights to help you upgrade your compliance software in the most efficient manner.
Infographic: Demistifying Financial Intelligence Units (FIUs)
Overview of FIUs' Role, Skills, and Tools
This infographic demystifies FIUs, offering a clear view of their role, how they collaborate with reporting entities, law enforcement, and government bodies, and the specialized skills and tools analysts within FIUs utilize to investigate financial crime.
Infographic: Generative AI Glossary
An Introduction for FinCrime Prevention Professionals
Generative AI is transforming financial technology, extending its reach from technology teams to broader strategic applications in finance, compliance, and customer service. McKinsey & Company highlights this trend, noting the potential for AI to unlock up to $1 trillion in additional value annually for global banking.
This infographic lists some core concepts and technologies to familiarize finance professionals with the landscape of Generative AI, and some ethical considerations of using Generative AI.
Infographic: A Guide to Global FIUs
Key FIUs Around the Globe
Financial Intelligence Units (FIUs) are specialized government agencies focused on receiving, analyzing, and disseminating information related to money laundering, terrorist financing, and economic offenses. Their crucial role in global financial regulation involves collaborating through networks like the Egmont Group, uniting 170 FIUs worldwide. The infographic highlights the purpose of FIUs and the global system of FIUs.
Infographic: SARs Reimagined
How Generative AI is Shaping Financial Intelligence
The infographic highlights how generative AI and copilots are transforming Suspicious Activity Reporting, making the process more consistent and efficient, and enabling compliance teams to generate higher-quality reports.
Currencycloud Q&A
Behind the Scenes with Billy Pinder: A Conversation on Currencycloud's Collaboration with Lucinity
Get firsthand insights from Billy himself! In this Q&A document, Lucinity engages in a candid conversation with Billy Pinder, Head of Transaction Monitoring at Currencycloud, shedding light on his experiences collaborating with the Lucinity team. Discover the invaluable benefits reaped from harnessing Actor Intelligence and delve into the remarkable journey of Currencycloud as it continues to optimize its FinCrime prevention endeavors. Download the document to gain deeper insights into this enlightening discussion.
Microsoft & Lucinity Case Study
Lucinity Employs Microsoft Azure OpenAI to Revolutionize Anti-Money Laundering Measures
This study between Lucinity and Microsoft explores their collaborative use of Azure OpenAI to enhance anti-money laundering strategies. Lucinity, leveraging this technology, significantly improves efficiency in financial crime analysis, integrating customer data to create detailed profiles. This method boosts the speed and accuracy of identifying suspicious activities, demonstrating a notable advancement in financial crime prevention.
Project Aurora Report
The power of data, technology, and collaboration to combat money laundering across institutions and borders
This comprehensive report produced by the Bank of International Settlements (BIS) Nordic Innovation Hub and Lucinity explores the power of data, technology, and collaboration to combat cross-border money laundering. The report expands on the array of technologies employed in the project's proof of concept, including synthetic data generation, machine learning techniques, privacy-enhancing technologies, as well as collaborative analysis and learning methodologies.
Humans ❤️ Intelligence Whitepaper
Empowering Financial Crime Prevention Teams through Augmented Intelligence
Artificial Intelligence is a more accurate, time-saving tool when used in conjunction with human cognition. Also known as Human AI, augmented intelligence, or contextual intelligence, this winning combination effectively fights financial crime and increases profitability.
Download our white paper to gain insights into:
- How financial institutions are using augmented intelligence to reduce operating costs by 28%
- How to minimize false positive fatigue while increasing productivity by 40%
- Defining best practices for Human AI setups that increase reporting accuracy and reduce compliance burnout
7 Compliance & FinCrime Trends for 2023
AI, UBOs, Crypto and Digital Assets, Crime-as-a-Service, Compliance as a Partner
Lucinity delves into the evolving landscape of financial crime and compliance, shaped significantly by rising geopolitical tensions among global powers like the United States, Russia, and China. These dynamics are set to strongly influence the compliance agenda in 2023, heralding an era of increased regulatory scrutiny and tightening measures. Our expert analysis outlines the anticipated key trends for the coming year, offering a forward-looking perspective for financial crime prevention professionals.
