Oracle to integrate Lucinity’s AI tech to strengthen FCCM portfolio

By Parth Prabhudesai

IT services company Oracle has secured rights to Lucinity’s AI-native case investigation and management technology in a bid to strengthen its financial crime and compliance management (FCCM) portfolio. Oracle’s broad, enterprise-grade FCCM portfolio helps financial institutions manage financial crime operations, compliance obligations, and risk at scale.

Integration with Lucinity’s technology would further enhance Oracle’s FCCM portfolio with a new generation of AI agent-driven capabilities by embedding Lucinity’s AI-native investigation capabilities into the Oracle AI Investigator platform, enhancing investigator workflows while extending the value of customers’ existing investments.

These AI agent capabilities would be delivered through a unified, enterprise grade platform to enable financial institutions to innovate more easily by reducing integration complexity, strengthening governance, and enabling automation within the systems they already use.

“Financial institutions want to modernise compliance operations with intelligent automation, but they do not want added complexity from disconnected tools,” said Jason Wynne, senior vice president, finance, risk, and compliance product development, Oracle Financial Services. “By embedding AI agent-driven capabilities into our industry-leading case management and investigation workflows, we can simplify processes through automation, reduce change management burdens, and help customers innovate within their existing Oracle AI Investigator platform while improving efficiency, insights, and response to financial crime risks.” he noted.

Calling Oracle the “right platform to bring human-AI-centric investigation capabilities”, Gudmundur Kristjansson, founder and executive chairman, Lucinity said “The platform was built to transform how investigators work, not by replacing them, but by giving them agent-driven execution that surfaces the right context, at the right time.”

These capabilities are expected to be available for use on the Oracle FCCM platform within the next 12 months.