DeFi Daily News
Saturday, May 17, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

Lucinity and Knights Analytics Collaborate to Improve Financial Crime Compliance Using AI – Finovate

David Penn by David Penn
August 13, 2024
in DeFi
0 0
0
Lucinity and Knights Analytics Collaborate to Improve Financial Crime Compliance Using AI – Finovate
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

Financial crime compliance platform Lucinity announced a strategic partnership with AI data management company Knights Analytics.

The partnership will bring advanced AI-powered data management capabilities to bear to fight financial crime.

Lucinity made its Finovate debut at FinovateSpring 2023 in San Francisco.

Lucinity has forged a strategic partnership with Knights Analytics, bringing advanced AI data management capabilities to its financial crime compliance platform.

The integration will enable Lucinity customers to consolidate, standardize, and reconcile their data within Lucinity’s unified Case Management system. The strategic partnership will also introduce additional ways to deploy Generative AI capabilities, including entity resolution, network analysis, and automated data extraction from documents. Users can also engage with their data via Lucinity’s AI copilot Luci, which offers actionable insights that are both intuitive and fully explainable.

“We are thrilled to simplify the ability to integrate more data within Lucinity’s platform,” Knights Analytics CEO Alex Ridden said. “Combining our data matching and entity resolution solutions with Lucinity ensures financial institutions make the most of their data. Financial institutions these days are sitting on a wealth of information that they don’t utilize effectively.”

Knights Analytics helps companies extract insights from large and siloed datasets. The firm specializes in combining graph analytics and AI, transforming structured and unstructured data into a high-quality, unified data layer. Leveraging innovations in data linkage and entity resolution technologies, Knights Analytics enables businesses to build a solid data foundation from which they can accelerate business processes and derive actionable insights.

“Partnering with Knights Analytics will take the Luci AI copilot to the next level by enhancing data accuracy, reducing manual analysis, and increasing the reliability of financial crime investigations through advanced data linkage and profile analysis,” Lucinity CEO Guðmundur Kristjánsson said. “This integration will unlock new use cases like on-demand entity resolution, enabling AI-driven automations and insights to streamline case investigations.”

Lucinity made its Finovate debut last year at FinovateSpring 2023. At the conference, the Reykjavik, Iceland-based company demonstrated its AI-powered copilot, Luci. Luci can conduct internet searches, background checks, fraud detection, sanctions screening, and more. This ability to manage and streamline tedious and time-consuming tasks enables compliance professionals to focus their decision-making on more complex issues.

Lucinity was founded in 2018. The company has raised more than $25 million in funding, according to Crunchbase. Keen Venture Partners and Experian are among the firm’s investors. Last month, Lucinity won the 2024 ICA Award for Innovation in Financial Crime Prevention for its Luci copilot. The company has also received accolades in recent months from Chartis Research and Microsoft, which named Lucinity one of its partners of the year for both its technological innovation and its commitment to “significant social impact and growth.”

Read our profile of Lucinity from earlier this year.

Photo by Vlada Karpovich

Views: 75

Related

Looking for more trending news articles like this? Check out DeFi Daily News.

Conclusion:

As Lucinity and Knights Analytics join forces, the fight against financial crime gains a powerful ally in advanced AI data management. This partnership signifies a new chapter in leveraging technology to safeguard financial institutions and their data. Through innovative solutions and strategic integration, Luci AI is poised to revolutionize financial crime investigations, providing accuracy, efficiency, and reliability in combating illicit activities. With a strong foundation built on collaboration and expertise, the future of financial crime compliance looks brighter and more secure than ever before.



Source link

Tags: AnalyticsCollaborateCompliancecrimefinancialFinovateimproveKnightsLucinity
ShareTweetShare
Previous Post

“Having Tua At His Best Is 2nd Only To Bringing A Super Bowl Win To Miami” Mike McDaniel

Next Post

Ampil: Keeping Tabs on the Tropical Storm

Next Post
Ampil: Keeping Tabs on the Tropical Storm

Ampil: Keeping Tabs on the Tropical Storm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

April 6, 2025
rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

April 29, 2025
Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

June 27, 2024
Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

July 18, 2024
Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

August 27, 2024
China’s Plan to Destroy the Dollar (And It’s Kind of Working)

China’s Plan to Destroy the Dollar (And It’s Kind of Working)

April 14, 2025
rewrite this title Jimmy Butler makes his feelings on Warriors very clear

rewrite this title Jimmy Butler makes his feelings on Warriors very clear

May 17, 2025
rewrite this title Guess Who: xAI Blames a ‘Rogue Employee’ for ‘White Genocide’ Grok Posts – Decrypt

rewrite this title Guess Who: xAI Blames a ‘Rogue Employee’ for ‘White Genocide’ Grok Posts – Decrypt

May 17, 2025
rewrite this title Autonomous AI agents create new job opportunities

rewrite this title Autonomous AI agents create new job opportunities

May 17, 2025
rewrite this title 50+ Frugal Screen-Free Activities for Kids

rewrite this title 50+ Frugal Screen-Free Activities for Kids

May 17, 2025
rewrite this title with good SEO Shiba Inu 1,000-Day Consolidation To End In 400% Pop To New All-Time Highs – Analyst | Bitcoinist.com

rewrite this title with good SEO Shiba Inu 1,000-Day Consolidation To End In 400% Pop To New All-Time Highs – Analyst | Bitcoinist.com

May 17, 2025
rewrite this title and make it good for SEOYou don’t need a big screen to prove yourself, shares DIVINE in an exclusive meet-and-greet session

rewrite this title and make it good for SEOYou don’t need a big screen to prove yourself, shares DIVINE in an exclusive meet-and-greet session

May 17, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.