Latest news with #Lucinity
Yahoo
2 days ago
- Business
- Yahoo
Lucinity Appoints Payoneer CCO and Goldman Sachs MD as Strategic Advisors
REYKJAVIK, Iceland, June 06, 2025 (GLOBE NEWSWIRE) -- Lucinity has expanded its Advisory Council with the appointment of industry leaders Micheal Sheehy, Chief Compliance Officer at Payoneer, and Konstantinos Rizakos, Managing Director of Compliance Engineering at Goldman Sachs. Both bring deep expertise to Lucinity from their experience in managing large compliance and technology programs across global financial institutions. Lucinity helps financial institutions detect and investigate financial crime faster and smarter using AI-powered tools. Its Advisory Council brings together industry leaders to guide the company's international expansion, go-to-market strategy, and customer-driven product innovation. Micheal brings over a decade of leadership across AML/CTF, payments compliance, and regulatory risk management. He has extensive experience leading global FCC/compliance operations in the U.S., Europe, and APAC. At Payoneer and throughout his career, he has built and scaled compliance programs, managed regulatory obligations across highly regulated markets, and implemented advanced RegTech solutions. His hands-on expertise with the U.S. Bank Secrecy Act, various EU AML directives, and multiple APAC regulatory frameworks will be instrumental in guiding Lucinity's strategy to serve clients operating globally. Konstantinos has been a leading figure in compliance technology for over twenty years, having run the Compliance application portfolios at Goldman Sachs, Citigroup, and Morgan Stanley. He has been an advocate of machine learning, workflow automation, and large-scale data platforms, and has driven their adoption in the industry as a whole. In the (new) age of AI, he plays an active role in AI product governance and in steering enterprise platforms, both through committee memberships and by launching an AI product management course at NYU Stern School of Business. Micheal and Konstantinos both bring a rare combination of regulatory expertise and technical depth that will help shape Lucinity's global strategy and platform evolution. Their expertise will help Lucinity deepen its impact: improving investigation efficiency, enhancing team productivity, and reducing the cost and complexity of compliance for financial institutions. "We brought in Micheal and Konstantinos because they've built and run compliance programs at the highest levels. They know what works, what breaks, and what it takes to scale. They understand where compliance is headed, and with their guidance, our product will be moving faster, getting better, and raising the bar for the industry," said Guðmundur Kristjánsson (GK), CEO and Founder of Lucinity. Lucinity's Advisory Council now includes: Ed Wilson - Former Partner at Venable LLP with legal expertise in cross-border financial law Tanya Ziv - Former CCO at Visa Cross-Border Solutions and Former COO at Yapily Frank Lawrence - VP and Head of Global Operations, Legal and Chief Compliance Officer at Facebook Payments John McCarthy - Former AML/Sanctions Officer at Airbnb with law enforcement expertise Micheal Sheehy - Chief Compliance Officer at Payoneer Konstantinos Rizakos - Managing Director of Compliance Engineering at Goldman Sachs As Lucinity continues to scale globally, the addition of Micheal and Konstantinos brings vital real-world insight to further align Lucinity's platform with the goals of global compliance leaders. Contact: Celina Pablo celina@ +354 792 4321
Yahoo
07-05-2025
- Business
- Yahoo
Lucinity and Creditinfo Partner to Integrate PEP Screening Seamlessly into AI Workflows
Lucinity REYKJAVIK, Iceland , May 07, 2025 (GLOBE NEWSWIRE) -- Lucinity, a global leader in AI-driven compliance software, has partnered with Creditinfo, a trusted and leading provider of credit and risk intelligence solutions, to integrate access to localized Know Your Customer (KYC) data from Creditinfo directly into Lucinity's end-to-end compliance platform. This strategic partnership enables financial institutions to automate KYC checks—including PEP screening, watchlist monitoring, reliability assessments, and UBO insights—across onboarding, ongoing monitoring, and investigations, all within a single, intuitive interface. Until now, many compliance teams have struggled with fragmented workflows when it comes to Know Your Customer (KYC) checks. They've had to rely on standalone systems, manually reconcile KYC data with their case investigations, and perform periodic re-checks without automation. Lucinity and Creditinfo are solving these challenges by embedding high-quality, localized KYC data from Creditinfo—including PEP screening, watchlist monitoring, reliability assessments, and UBO information—into Lucinity's holistic Case Management and Transaction Monitoring systems, powered by AI. Within Lucinity's AI workflows, KYC data becomes an actionable input—automatically adjusting risk scores, triggering alerts, and adapting recommendations as new information becomes available. Through the integration with Creditinfo's API, financial institutions can automate checks during onboarding, schedule periodic refreshes, and run on-demand lookups for counterparties. Key KYC indicators—such as PEP status—are also flagged directly in Case Management and Customer 360, helping analysts make better-informed decisions without switching between systems. Already offering real-time fraud detection through a partnership with Sift and real-time sanctions screening through Neterium and Facctum, Lucinity continues to build a network of integrations that simplify compliance while strengthening effectiveness. By consolidating tools that were previously siloed, Lucinity helps financial institutions cut costs, reduce context-switching, and focus on high-value investigations. Guðmundur Kristjánsson, founder and CEO of Lucinity, shared his perspective: 'We kept hearing the same story from our customers — they had great separate financial crime tools, but none of them were connected with each other. This integration with Creditinfo brings the data and workflow together so compliance teams can focus on analysis, not data gathering.' Creditinfo brings its strengths in reliable, frequently updated, and geographically relevant PEP data, with a special emphasis on regional accuracy in markets like Iceland with their proprietary Icelandic PEP database. This partnership reflects Creditinfo's growing role as an essential data provider in the global compliance ecosystem. Hrefna Ösp Sigfinnsdóttir, CEO of Creditinfo in Iceland, commented, 'We believe compliance shouldn't be complicated. By partnering with Lucinity, we're putting the right data exactly where it's needed.'
