Lucinity introduces a generative AI-powered financial crime compliance copilot

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Lucinity has introduced a generative AI-powered ‘copilot’ designed to enhance the efficiency of financial crime compliance teams.

The AI SaaS company with headquarters in Iceland and a focus on financial crime compliance, was founded by a former Citigroup compliance tech expert. The company’s latest copilot, Luci, assists compliance teams in streamlining their work, decreasing the amount of time spent on decision-making, and improving overall efficiency by transforming complex data into understandable insights in real-time.

The business claimed that trials with Visa-owned Currencycloud and Arion Bank had already been conducted using its proprietary technology, which was built on top of Microsoft’s Azure OpenAI.

Read More: Lucinity unveils generative AI-powered financial crime compliance copilot

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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