Press release
2024 Knowledge Company Award Goes to Lucinity in Iceland
Reykjavik, Iceland - May 15, 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=2024-knowledge-company-award-goes-to-lucinity-in-iceland]
Country: Iceland
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 2024 Knowledge Company Award Goes to Lucinity in Iceland here
News-ID: 3498175 • Views: …
More Releases from Getnews
Black Friday Extravaganza Begins, EKOUAER and Arshiner Unveil Heartwarming Appar …
Image: https://www.globalnewslines.com/uploads/2025/11/38ebdbb3ff6a95220cfed9ce6c4a0795.jpg
As November draws to a close, the annual shopping extravaganza - Black Friday, officially kicks off. This year, two well-known brands in the home apparel sector, EKOUAER and Arshiner, jointly take "emotional healing" as their theme and present a shopping experience that combines both quality and warmth. The event runs from November 20th to December 1st, with both brands offering limited-time discounts of up to 50% simultaneously, helping consumers…
Landscaping Services in Sewell, NJ: Miller's Landscaping Builds a Reputation for …
Image: https://www.globalnewslines.com/uploads/2025/11/1764293152.jpg
Miller's Landscaping brings years of specialized experience and hands-on expertise to complex landscaping and hardscaping projects across South Jersey, ensuring durable and high-quality results.
A second-generation, family-owned business providing specialized landscaping services in Sewell, NJ [https://millerslandscapingllc.com/], Miller's Landscaping has established a reputation for durability and meticulous attention to detail. The Williamstown-based company offers value for money through competitively priced services, focusing on a comprehensive suite of creative outdoor solutions delivered…
Piano Movers of Houston Expands Service Area Beyond Houston Proper
Image: https://www.globalnewslines.com/uploads/2025/11/1764292001.jpg
For more than fifteen years, Piano Movers of Houston has been serving customers in the Houston area and beyond. Now, the piano moving and storage business is serving a wider customer base with the same high-quality methods and equipment.
Piano Movers of Houston and Gordon Bolton are pleased to announce that the company is expanding its service area to include moves to and from a wider range of destinations. The…
Why More Cat Owners Are Turning to Toilet Training - and the Portland Startup Re …
For generations, the litter box has been an unchallenged part of indoor cat ownership: dusty, necessary, and tolerated. Most owners never questioned it, even as litter took over closets, produced daily cleanup routines, and added to household waste. But a quiet shift is happening. As more people prioritize sustainability, behavior-based training, and cleaner homes, interest in cat toilet training is growing - and one Portland startup believes the real barrier…
More Releases for Luci
Luci Magnet Welcomes Korean Delegation for Magnet Technology Collaboration
On September 2, 2024, Shandong Luci Industrial Technology Co., Ltd. (Luci Magnet [https://www.lucimagnets.com/]) warmly welcomed a delegation of clients from South Korea. This visit aimed to deepen cooperation between the two countries in the field of magnetic technology and propel technological innovation and market expansion.
At the welcoming ceremony, Mr. Zhang Wei, Chairman of Luci Magnet, first extended a warm welcome to the Korean delegation. He recounted the company's achievements in…
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…
