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
