Tag: Lucinity

As global compliance regulations tighten, sanctions screening has become an essential pillar of every AML strategy. Financial institutions, FinTechs, and multinational corporations are under increasing...

A New Era for Anti-Money Laundering For years, anti-money laundering efforts have struggled to keep pace with the very crimes they aim to prevent. Traditional...

Lucinity, an AI software company focusing on financial crime operations, has entered into a strategic partnership with Knights Analytics, a leader in AI-driven data solutions.

The BIS Innovation Hub has found that a number of key tech developments have proven to be superior for detecting money laundering networks.

indó, an Icelandic neobank, has selected Lucinity to use its AML compliance software such as its transaction monitoring and case manager solutions.

Icelandic bank Arion Bank will implement the software of RegTech platform Lucinity to bolster its defences against money laundering.

Lucinity, which supplies banks with productivity tools to fight financial crime, has closed its Series B funding round on $17m.

As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.

In its mission to rebuild trust in the banking industry, Icelandic neobank indó has signed a partnership with Lucinity to bolster its anti-money laundering (AML) defences.