Our Insights

Webinar: "Banks spend 250B USD on AML while only catching 1% of the proceeds from money-laundering which amounts to over 2.5 trillion USD every year. How can we move the needle and help banks protect themselves through the use of technology?"

Actual AML professionals explain why it’s so hard to shine light on financial crime, in their own words.

We take a close look at fintechs operating specifically with blockchain technologies, as they face unique challenges.

The work beckons, and financial crime never sleeps. You will, however, be able to rest easier in 2022 with Lucinity watching over your money.

Modern entrepreneurs want to revolutionize their industries. Their objective is to upend the market by introducing a superior product or service and gain scale quickly. The fintech industry is certainly no exception for this. 2021 has been a banner y

Imagine if 90% percent of incoming projects or messages at your workplace were “false alarms” generated by your email or collaboration software.

How can we significantly increase the productivity in AML compliance, beat criminals who are gaming the international financial system at their own game, and use intelligent compliance systems to create a competitive advantage for innovative fintechs

We are extremely proud and grateful for the recognition. This is a testament to the teams’ relentless effort towards Making Money Good.

It is with great excitement that we announce Lucinity’s strategic partnership with EY Netherlands and Microsoft to Make Money Good.

Our founder & CEO GK co-hosted a webinar with Tanya Ziv, the Chief Compliance Officer of Currencycloud. The panel was moderated by the brilliant Sam Sheen, a veteran in the compliance space. In the panel, GK and Tanya discussed the future of AML – Ho

Lucinity’s CEO, GK, covered an important topic in The Financial IT, addressing the importance of pushing technology to the frontline as the chief weapon against money launderers. Despite industry efforts to fight financial crimes, he argues that the

In a recent article in The Fintech Times GK, our CEO, and Justin Bercich, our Head of AI call for a unified approach that helps bridge the gap between financial institutions and regulators in the US and across the globe. They argue that disconnected

We typically think of technology as the opposite of human emotions — something cold, based on machines and algorithms. But technology helps make our lives better in countless ways, and it’s time to investigate its human side, as strange as it may see

Happy days! Lucinity is nominated as a finalist at the Impact Shakers Awards. The award celebrates businesses that make it their mission to empower people and contribute to sustainable economic growth. It is truly an honor to be featured amongst impa

GK, the CEO Of Lucinity, discusses Human AI, Outdated AML, and Crypto’s Impact on Money Laundering in a RegTech Global interview. RegTech Global is the news website covering technology, artificial intelligence with a specific focus on Telecommunicati

It’s fascinating to follow the advancement of AI. What started as sci-fi material and became a vague buzz term is now a practical tool that improves our lives in countless ways. By 2030, 80% of today’s emerging technologies will include AI capabiliti

We are thrilled to see Theresa Bercich, our Head of Product Management, on The Women in FinTech Powerlist 2020 by Innovate Finance. The Powerlist shines a spotlight on the women leading innovation in financial services across a broad range of roles.

To mark International Women’s Day, minister Áslaug Arna Sigurbjörnsdóttir and Lucinity’s Theresa Bercich are calling on women in the banking sector, in government, and in finance media to end the $2 trillion business of money laundering that dispropo

11:FS shines a spotlight on the best and the brightest in the tech and financial services industry to try and understand what gets them going, growing and what they think the future of the industry will look like. Our very own Justin Bercich had a vi

Lucinity’s new Head of Legal and Compliance, Daníel Pálmason, shares his experience of becoming the company’s first customer and the decision to join our team. “I recently joined Lucinity as Head of Legal and Compliance, but my journey with the compa

It is with great excitement that we announce our strategic partnership with Neo4j and their Aura enterprise team, bringing together SaaS experience to investigative graphs and knowledge graphs. At Lucinity, we have always believed that holding data i

This content series examines different angles of the FinCEN anti-money laundering ANPRM released in September 2020. If you didn’t get a chance to read the first and second parts, we suggest starting there. The FinCEN anti-money laundering ANPRM notic

Security is at the heart of Lucinity’s culture and manifests in the hiring process, employee onboarding, training, and company events. That’s why we’re extremely proud to announce that we have successfully passed the ISO 27001 certification audit, on

In this content series, we examine different angles of the FinCEN anti-money laundering ANPRM released in September 2020. If you didn’t get a chance to read the first part, go right ahead.  When FinCEN published the latest ANPRM, we were excited to

Today marks the next stepping stone in Lucinity’s growth curve as two heavyweights join the team. Daníel Pálmason is joining Lucinity as the Head of Legal and Compliance, and Jeremy Doyle is our new Global Head of Sales. Warm welcomes to a friend of

As we emerge from an unprecedented year that served to change the threat of fraud and also the way merchants and firms deal with it. As we approach 2021, flexibility and utilising new tech will be key in AML capabilities. Justin Bercich, Head of Arti

In this content series, we examine different angles of the FinCEN anti-money laundering ANPRM released in September 2020. When FinCEN published the latest ANPRM, we were excited to see them discuss the need for better risk assessment and management

The foundation of every relationship is trust. Intuitively, trust exists in our minds as a concept between humans, but we have also trusted machines for a long time – cars, airplanes, calculators, to name a few. Despite the exponential growth in inte

Words are powerful. When we set out to reshape a particular field, we should pay close attention to the narratives and semantics surrounding it. In the case of money laundering, much of the conversation was designed by the creators and promoters of l

Evolution brings us forward. We have come a long way from utilizing stones as rudimentary tools to reading this blog on the computer, tablet, or phone. At some point in our human history, we decided to create our progress, as evidenced in the Neolith

Justin Bercich, Head of AI at Lucinity discusses Lucnity’s pioneering role in building trust between Humans and Machines in a recent article with the International Banker. Justin covers a variety of topics, including how Lucinity has harnessed explai

Happy days at Lucinity! We have just been awarded the Newcomer of the Year award at the prestigious Nordic Startup Awards. In addition to this great honor, Lucinity was also celebrated as the Icelandic Startup of the Year and our very own GK as the I

In an article originally published on Corporate Compliance Insights, GK discusses whether there is reason to believe that we are close to another money-laundering crisis. The number of AML fines levied in the first half of 2020 outnumbered those for

Fintech Focus TV features interviews with the leading names in Financial Services Technology and covers a range of topics ranging from technology trends to founder stories and sales advice. Our very own GK had a virtual sit down with Toby Babb to dis

The FinCEN files have shown that it’s time for a change in AML. We must take a completely new approach in order to catch up with the speed of innovation in financial crime. Despite what you’ll read in news headlines, we can’t lay all of the blame for

Lucinity raises $6.1M to Make Money Good We just raised our Series-A of $6.1M to Make Money Good. The round was co-led by Karma Ventures and byFounders. We are thrilled to have them on board and look forward to a fruitful partnership. Crowberry Capit

Global financial crises and economic recessions are devastating to almost everyone. While communities’ worldwide band together during trying times, scientists collaborate and human compassion is on full display, some rotten apples take advantage of t

Brainpool, the worldwide network of leading Artificial Intelligence and Machine Learning experts, just released a blog on Lucinity. The blog sheds light on the immense amounts of laundered money and the disastrous crimes facilitated by it. Furthermor

Anti-money laundering efforts are an essential and vital part of maintaining trust in our financial system. Financial Institutions spend between 2-5% of their revenues on AML efforts. This number is only going to increase, and despite flooding money

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 awar

Only a few months after setting out on a mission to transform anti-money-laundering through augmented intelligence, we are delighted to welcome our latest customer, Kvika. Who is Kvika? Kvika is an Icelandic bank with operations in Iceland and the UK

In today’s world, machine learning and rule-based approaches are used widely across industry sectors for the purpose of  making  decisions based on the inference of data. So, where do we use what? There are some applications that lend themselves well

We are pleased to announce that Henry Dreifus, a founding member of Preceptor Capital, will be joining Lucinity as an observing board member. Mr. Dreifus is the founder of Dreifus Associates Limited (DAL), a card technology and systems development an

We are thrilled to announce Yaron Morgenstern as Lucinity’s newest board member. Yaron brings vast experience from a multitude of relevant fields such as product management, SaaS, go-to-market, and general management. He will be an active advisor rel

We at Lucinity are incredibly thrilled to welcome Anush Vasudevan to the team. As of today, Anush will lead the engineering and data science of our AML Augmented Intelligence platform. Bringing unique AML & AI execution experience Anush brings a uni

In November 2018, we set the goal of solving the current gap in the Anti-Money Laundering (AML) transaction monitoring market. Today, we are incredibly proud to tell you that we have closed a US $2M seed funding round, led by the Nordic Based VC Crow

The lack of cohesion in the artificial and the human intelligence operation is nowhere more evident than in AML monitoring and investigations. While there are multiple solutions and products that govern the monitoring world, with risk managers of fin

Our mission is to revolutionize firms’ capabilities in their fight against money laundering by empowering them with world-class technology and operational solutions to gain insights on consumer AML surveillance. We define “Lucinity” as the emergence