Oracle secures Lucinity tech for financial crime compliance

Oracle has acquired the technology assets of Lucinity, a fintech company specializing in AI-driven financial crime prevention. This strategic move bolsters Oracle's existing suite of financial services solutions by integrating advanced AI capabilities for combating fraud and money laundering. The acquisition is expected to enhance Oracle's offerings for banks and financial institutions seeking to improve their compliance and risk management frameworks. By leveraging Lucinity's expertise, Oracle aims to provide more robust and intelligent tools to protect against evolving financial crime threats.