Pleo, a Denmark-based company that offers smart payment cards for employees to purchase work-related products while keeping the organization in control of spending believes in making everyone feel valued at the workplace and all set to revolutionize business spending for advance-thinking teams everywhere.

Pleo has chosen Lucinity to provide Financial Crime Prevention abilities after a meticulous selection process. Since Pleo is on verge of acquisitions of new consumers across numerous industries throughout Europe and this is what made it partner Lucinity to get dynamic and modern-day transaction monitoring that can be scaled without impacting integrity and security of its anti-money laundering (AML) monitoring procedures.

Charlotte Lowry, Money Laundering Reporting Officer (MLRO) & Compliance Director, Pleo, stated, “Lucinity’s AI-powered AML software ultimately drives a more intelligent and actionable approach to AML monitoring, something we were looking for as we scale with a robust AML compliance risk foundation in place. The firm’s collaborative approach, coupled with a superior interface, was a huge driver to working together, and we look forward to partnering with them closely as we continue to grow.”

AML solution of Lucinity powered by artificial intelligence (AI) that offers next-level efficacy and productivity for compliance executives. Pleo’s expansion can now accelerate with integration-friendly API (application program interface) and scalable products of Lucinity.

Pleo to utilize entire AML compliance software of Lucinity that includes features like Actor Intelligence, Transaction Monitoring, SAR Manager, and Case Management to manage suspicious activity reports (SARs).

Guðdmundur Kristjánsson, Founder & CEO, Lucinity, included, “We believe that by transforming AML compliance and applying a smarter, more intelligent approach, we can have a significant positive impact on society. Pleo shares our vision for progressive and smart solutions for forward-thinking customers, and we are delighted to be working with them.” 

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