Lucinity, an anti-money laundering (AML) software developer headquartered in Reykjavik, closed a $17 million Series-B investment round in July led by Keen Venture Partners and supported by Experian, the credit reporting company.
Lucinity also announced an agreement to provide know-your-business analysis and risk assessments to Experian, as well as a separate partnership with fraud prevention platform Seon.
Gudmundur Kristjánsson, who previously served as director of compliance surveillance technology at Citigroup and was director of product management at Nice Systems, building compliance systems for top-tier banks around the world, founded Lucinity in 2018 and is its chief executive.
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