Ep525: How a combined approach using AI and human intelligence can combat money laundering

Gudmundur Kristjansson [GK], Founder & CEO, Lucinity

With large-scale adoption of AI tools on the rise and accelerated by Covid-19, financial institutions are turning to automation to enhance their business processes, including financial crime compliance. To produce the best results for fighting financial crime, humans and AI must work together, according to Lucinity, reflecting a concept known as augmented intelligence or human AI – the use of technology to supplement and support human intelligence, with people remaining at the core of the decision-making process. Robin Amlôt of IBS Intelligence speaks to Gudmundur Kristjansson of Lucinity.