Former Amazon manager Hjörtur Líndal Stefánsson has been appointed as new chief technology officer of AML provider Lucinity
As new Lucinity CTO — a newly established role at the company — Stefánsson will oversee the firm’s technology and software strategy and help Lucinity grow and scale with its customers.
The new appointment will be responsible for the company’s long-term technology strategy and engineering team, with scalability and ease of integration regarding Lucinity’s compliance software being a priority.
Stefánsson returns to his native Iceland with 17 years of industry experience, six of which were spent in software development positions at Amazon — most recently as software development manager.
At Amazon, he led the team responsible for video advertisement delivery for all Amazon-owned & operated publishers, such as Prime Video, Twitch, and IMDB.
Prior to this, Stefánsson spent several years as a software engineer, for banking software company Meniga, and then video game company Ubisoft.
“I am thrilled to be joining the team at Lucinity. Lucinity has huge potential, and I am looking forward to using my experience to help the company grow at scale while making sure the product we’re offering and the technology behind it is of a high standard and well-designed for the needs and demands of our clients,” said new Lucinity CTO, Stefánsson.
Guðmundur Kristjánsson (GK), CEO and founder of Lucinity, commented: “Having someone with Hjörtur’s skillset join our team is going to be invaluable. His experience will help us grow and improve our technology by implementing structures and mechanisms to optimize our business offering.”
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Using AI to fight money laundering — Martin Rehak, founder and CEO of Resistant AI, discusses how artificial intelligence (AI) can lend itself towards the fight against money laundering.
Full confidence in anti-money laundering procedures yet to be reached — First AML research has found that over half (57 per cent) of UK financial services professionals are only ‘somewhat confident’ in their anti-money laundering procedures.
