REYKJAVIK, Iceland SY LONDON, 23 June 2022 / PRNewswire/ – Lucinitycreator of AI-enabled anti-money laundering (AML) software program, has partnered with a fraud administration firm. SEON to combine real-time fraud prevention capabilities into AML compliance software program.

Lucinity’s AML answer makes use of synthetic intelligence (AI) to assist human imaginative and prescient, offering better effectivity and outcomes for compliance professionals.

SEON’s fraud prevention options will now be out there via the Lucinity platform, offering prospects with compliance providers in any respect dangers from gross sales monitoring to actual -time fraud detection and prevention.

Founded in 2017, SEON has served greater than 5,000 prospects worldwide and is rising quickly. The answer simplifies fraud administration by verifying buyer info and flagging fraud inside seconds. SEON gives real-time bank card fee monitoring, utilizing pre-defined and predictable guidelines designed to watch bank card transactions in stage. This permits SEON to detect unlawful habits via mental property (IP), system identification and social media monitoring.

By integrating SEON knowledge in actual time into Lucinity’s AML software program, the collaboration will break down limitations to quiet areas in AML and fraud. to think about threat and habits basically. Compliance professionals can now mix their doubtlessly harmful actions into one platform and hyperlink cash laundering and fraud circumstances. Intuitive graphics will give customers the flexibility to make selections effectively and shortly. This permits the fraud investigator to simply accept or reject the transaction inside Lucinity’s AML answer and make contact with the fee regulator to cease the fraudulent transaction.

Jimmy FongSEON’s Chief Commercial Officer commented: “As we see the rising battle between cash laundering and on-line fraud, it makes excellent sense for a compliance chief like Lucinity to broaden its providers with these options. combating SEON’s fraud. I am unable to wait to see the way it may also help its prospects break down limitations to knowledge silos. “

“One of Lucinity’s core values ​​is shared intelligence. It means taking part in to one another’s strengths to attain better targets, which is precisely what we attempt to do at SEON,” the assertion added. Jeremy DoyleVP of enterprise and collaboration at Lucinity. “We really consider that integrating AML commerce controls and fraud prevention is the subsequent pure step in combating monetary crime in a simpler means.”

About Lucinity:
About SEON:

About Lucinity

Lucinity is an anti-money laundering (AML) software program developer on a mission to make good cash. Lucinity goals to unravel productiveness and effectivity points for monetary establishments via its enterprise ‘Human AI’ method, a device that mixes next-generation AI with of human information and talent.

Through using AI, AML software program learns from all interactions and continues to enhance indefinitely, offering extra error detection and saving time. This is on high of the best-in-class interface and picture viewing that places the person first. Professionals can expertise Lucinity’s AML compliant options, together with commerce monitoring, via a free demo atmosphere out there.

Lucinity operates worldwide, with headquarters in Reykjavík, and serves shoppers starting from Tier-1 banks to FinTechs. To be taught extra, go to

About SEON

SEON is fraud prevention for aspiring manufacturers like Revolut, NuBank, and Afterpay to thrive within the digital world. With a 14-day free trial, fast set up, and fee choices, SEON is an easy and trendy approach to struggle fraud. Combining social signaling with a digital footprint, it makes use of absolutely legible machine studying to establish rising fraud threats for the neobanks, crypto, eCommerce, BNPL, and Web 3.0 platforms. SEON has served greater than 5,000 retailers and reviewed 1 billion transactions, saving its prospects greater than 50 million euros in fraudulent exchanges. Global-focused firms function places of work there Austin (TX), Budapest, LONDON, Jakartaand SINGAPORE.
SEON prevents fraud with unbeatable pace, scale, depth and breadth. Learn the best way to cheat and discover out what your earnings could be


SOURCE Lucinity


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