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HomeBankingindó: Selects Lucinity for modern financial crime prevention

indó: Selects Lucinity for modern financial crime prevention

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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

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