indó: Selects Lucinity for modern financial crime prevention
- indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software
- Established in 2018, is the first neobank to operate in Iceland. It was created to restore faith in the banking system
- The company received its Icelandic banking license in February 2022, the first new license issued in more than 30 years
- It is looking to emulate the success and significant international growth of challenger banks in the UK and Nordics
- The announcement comes during a busy period of expansion in Iceland for Lucinity, which now serves more than a quarter
- Lucinity’s AML platform leverages artificial intelligence (AI) to augment human expertise, allowing compliance teams
