Press release
Lucinity Wins Iceland's Knowledge Company Award for 2024
Reykjavik, Iceland - May 14, 2024 - Lucinity has been awarded as Iceland's Knowledge Company for 2024 [https://lucinity.com/blog/lucinity-wins-icelands-knowledge-company-award-for-2024], recognizing its unique AI innovations in financial services. Focused on acknowledging impactful and innovative technology, the 2024 Bekkingarverolaun (FVH) award [https://www.fvh.is/%C3%BEekkingarverdlaun?ref=lucinity.ghost.io] was awarded by the President of Iceland to Lucinity.
Image: https://www.getnews.info/uploads/bc371bd1a16e3de14381941e86fb7cd1.png
Icelandic President Guoni Th. Johannesson presenting the FVH Knowledge Award to Guomundur Kristjansson, Founder and CEO of Lucinity
About the FVH Knowledge Award
The FVH Knowledge Award is an annual award given by the Association of Business Experts and Economists [https://www.fvh.is/?ref=lucinity.ghost.io] to companies that excel in technological innovation. Celebrated since 2000 under the patronage of the President of Iceland, Guoni Th. Johannesson, the award honors companies that achieve significant societal impact through their innovative solutions.
This year, the 2024 FVH Knowledge Award focused on awarding the development and implementation of AI technologies that yield measurable and lasting benefits for society. Previous recipients of the FVH Knowledge Award include notable Icelandic companies such as Marel, Islandsbanki, Ossur, CCP, Icelandair, The Blue Lagoon, Kerecis, and Creditinfo, illustrating the award's prestigious legacy.
Alongside Lucinity, a recognition award was presented to Dala.Care [https://dala.care/?ref=lucinity.ghost.io], which has built a suite of applications designed to support caregivers and care providers.
Image: https://www.getnews.info/uploads/d9f5079df2e3149e427ea703cba2c027.png
Lucinity Team at the FVH Knowledge Award Ceremony
Lucinity's Achievement
The Association of Business and Economists (FVH) elaborated that Lucinity stood out due to its focus on taking the ingenuity and creativity of humans and empowering them through the use of AI and automation. This is because Lucinity has been working on software solutions that allow banks and FinTech to investigate and fight financial crimes more effectively with the help of AI solutions, primarily the Luci copilot.
Luci is a generative AI solution for financial institutions which made its debut in June 2023. Luci is tailored to the world of financial crime investigations and works with data in a secure environment. Luci manages to harness the power of technology and deliver results in human language for employees who can then make faster and more informed decisions. Lucinity's solution provides its customers with increased productivity and can save them approximately 5 hours a day on data gathering and analysis. Money laundering and other financial crimes account for an estimated 2-5% of global GDP each year. The legal requirements on financial institutions to curb these crimes are considerable, and Lucinity's solutions play a major role in addressing this challenge.
Lucinity's Founder and CEO, Guomundur Kristjansson, comments: "We're very proud to receive this recognition in our home base of Iceland. The vibrant environment here is rich with talent and innovation, truly making it a hub for technological advancement. This award strengthens our commitment to continue advancing AI solutions in the financial space."
Image: https://www.getnews.info/uploads/0626276595fc703f3af7d0ff164d0f4b.png
About Lucinity
Founded in 2018 and headquartered in Reykjavik, Iceland, Lucinity is a leader in applying artificial intelligence to the financial sector, specifically targeting solutions for financial crime investigations. The company operates with a pioneering approach that integrates generative AI with human expertise, aiming to enhance the efficiency and effectiveness of financial crime risk and compliance teams.
Through its flagship product, the Luci copilot, Lucinity transforms complicated, risk-relevant data into actionable insights, empowering financial institutions to detect, investigate, and prevent illicit financial activities more efficiently. Overall, Lucinity's software platform is distinctive in its use of augmented intelligence to streamline anti-money laundering (AML) operations. The solutions provided are scalable, streamlined, and cost-effective, addressing key challenges in financial crime compliance by reducing false positives and operational inefficiencies commonly associated with legacy systems.
Learn more about Lucinity and its solutions at lucinity.com
About FVH
The Association of Business and Economics Graduates (FVH) is an Icelandic association of university graduates in the field of business and economics. It also welcomes individuals who share an interest in these fields.
Its primary objective is to encourage ongoing education in business and economics, facilitate discussions on issues and research in the field, and to provide members with practical information on matters that can further advance their careers. Furthermore, the Association is a platform to foster connections and relationships among professionals in these sectors.
Bekkingardagurinn (e. The Knowledge Day) is an annual ceremony that celebrates achievements within a specific theme. During the event, companies that have demonstrated excellence in relation to the chosen subject are awarded for their success. Additionally, a noteworthy businessperson or economist is celebrated for an exceptional performance in the preceding year. The President of Iceland is the patron of the Icelandic Knowledge Award.
Learn more about FVH at https://www.fvh.is/
Media Contact
Company Name: Lucinity
Contact Person: Celina Pablo, Senior Marketing Manager
Email: Send Email [http://www.universalpressrelease.com/?pr=lucinity-wins-icelands-knowledge-company-award-for-2024]
Country: Ireland
Website: https://lucinity.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lucinity Wins Iceland's Knowledge Company Award for 2024 here
News-ID: 3496556 • Views: …
More Releases from Getnews
Inspire Ambitions Unveils New Report Showing Graduate Expectation Gap in the UAE …
Inspire Ambitions launches "The 2025 Graduate Expectation Gap Report," highlighting disconnects between student career expectations and workplace realities.
Image: https://www.globalnewslines.com/uploads/2025/09/6f6df43eab6fb7f22996fcc669a39629.jpg
A new report released today by Inspire Ambitions [https://inspireambitions.com/], The 2025 Graduate Expectation Gap Report [https://inspireambitions.com/product/from-campus-to-career/], reveals that a significant majority of recent graduates in the UAE feel unprepared for the realities of today's workplace. The findings shed light on a widening divide between university preparation and the skills needed to succeed…
Future Electronics and Infineon to Host Free Webinar on Next-Generation Smart HM …
Image: https://www.globalnewslines.com/uploads/2025/09/1757697276.jpg
Future Electronics & Infineon's free webinar on Sept 25 to explore how PSOC Trademark Edge powers next-gen smart HMIs with AI, voice & gesture control.
Montreal, Canada - September 12, 2025 - Future Electronics, a leading global distributor of electronic components, is pleased to announce an upcoming free webinar hosted in collaboration with Infineon Technologies: Unlock Innovation with PSOC Trademark Edge for Next-Gen Smart HMIs.
The live session will take place…
RoadMap Advisors Enhances Sell-Side M&A Services for Middle Market Business Owne …
Image: https://www.globalnewslines.com/uploads/2025/09/1757662626.jpg
RoadMap Advisors, a Virginia-based consulting firm, has refined its sell-side M&A service offerings to provide greater process efficiency, buyer alignment, and transaction readiness for business owners seeking full or partial exits.
Vienna, VA - September 12, 2025 - RoadMap Advisors, a leading consulting firm in Tysons, VA [https://www.roadmapadvisors.com/], has announced the refinement of its sell-side mergers and acquisitions (M&A) services [https://www.roadmapadvisors.com/mergers-acquisitions/sell-side/], incorporating a structured, advisor-led process designed to help business…
MFE Insurance Responds to Industry Shift as Studios Turn to DICE Insurance for I …
Image: https://www.globalnewslines.com/uploads/2025/09/1757659532.jpg
MFE Insurance is offering custom DICE insurance policies for studios and filmmakers seeking to innovate their productions.
Los Angeles, CA - September 12, 2025 - As audience expectations continue to shift and demand for high-impact, visually memorable content rises, producers and production companies are pushing creative boundaries like never before. MFE Insurance, a national leader in entertainment, cannabis, and event insurance, [https://www.mfeinsurance.com/] is meeting that evolution head-on with customized DICE…
More Releases for Luci
New AI Copilot Plugin is a Breakthrough for Financial Institutions, Transforming …
Lucinity launches a new AI copilot plugin [https://lucinity.com/blog/lucinity-launches-copilot-plugin] that is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications
Image: https://www.getnews.info/uploads/965faab26c0a0d79d50c5928a15d8cce.png
A groundbreaking generative AI copilot plug-in [https://lucinity.com/luci-plugin?utm_source=PR&utm_medium=pressrelease&utm_campaign=CMPN-Luci-Copilot-Plugin], launched by Lucinity [https://lucinity.com/?utm_source=PR&utm_medium=pressrelease&utm_campaign=CMPN-Luci-Copilot-Plugin] at Money2020 Europe, delivers immediate ROI. The copilot plug-in is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system…
High Brightness LED Market is Going to Boom : Arena Luci Srl, Bridgelux, Cree
According to HTF Market Intelligence, the Global High Brightness LED market to witness a CAGR of 8.1% during forecast period of 2023-2028. The market is segmented by Global High Brightness LED Market Breakdown by Application (Consumer Electronics, General Lighting, Automotive, Back light, Mobile Devices, Signals, Others) by Type (6V, 12V, 24V) by Distribution Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The High Brightness…
3D Web Design Service Market Size & Analysis By 2022 -2029 -3D Web Vision, Neuma …
New Jersey, United States,- Mr Accuracy Reports published new research on Global 3D Web Design Service covering micro level of analysis by competitors and key business segments (2022-2029). The Global 3D Web Design Service explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative…
3D Web Design Service Market Biggest Innovation with Top Key Players -3D Web Vis …
The 3D Web Design Service report is an in-depth examination of the global 3D Web Design Service's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global 3D Web Design Service industry, as well as market segmentation, competition, and the macroeconomic climate. A complete 3D Web Design Service analysis takes into account a number of aspects, including a country's population…
3D Web Design Service Market: Emerging Industries, Remarkable Developments and K …
3D Web Design Service Market research reports provide a comprehensive overview of the global market size and share. 3D Web Design Service Market data reports also provide a 5 year pre-historic and forecast for the sector and include data on socio-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.
Request to View Sample Copy…
Dried Tomatoes Market to 2027 - Bella Sun Luci, Diba Food, Fine Dried Foods, Gar …
Dried tomatoes are red tomatoes which have undergone drying process, either sun-dried or being dehydrated which results in a chewy and sweet-flavored dried tomato. Drying is considered as the oldest preservation method which generally involves the process of removing the water from the fruit in the presence of the sun's energy over several days while leaving all the vitamins, minerals and flavor are intact in the fruit. Dried tomatoes are…
