Use Cases
Fund Managers
Fund managers use Lucra to screen investors, run due diligence on investees and verify bank accounts on outgoing payments.
Compliance completed correctly, with minimal effort
Lucra delivers all the essential tools you need to effortlessly meet your anti-money laundering and KYC obligations on LPs, investees and major counterparties.
AI-driven AML screening capabilities
Lucra has partnered with best-in-class data providers who leverage AI to screen for global sanctions, adverse media and PEP status. All in real-time.
Always monitoring in the background
Avoid costly KYC and AML refreshes with monitoring capabilities that work quietly in the background, alerting you every time there is a change.
Adjust screening settings for different risk profiles
Risk screening is never a one-size-fits-all exercise. Configure how you screen for PEPs, adverse media and fuzzy logic to ensure you've adequately screened for your risks.
A single source of truth for reporting and audit
Check results, screening settings, notes and observations, and an audit timeline of user action and activity. All neatly delivered in a single report.
Protecting fund money
Detect and prevent fraudsters stealing LP and operational funds on proceed distributions and supplier payments.
Real-time trusted-source data
Lucra harnesses open banking to source bank account information directly from a payee's bank.
Superior confirmation of payee
First test of fraud is to actually see the full name on the account. Understand exactly who you are paying and if it matches the payee.
Transaction activity that matches payee profile
Second test of fraud is to determine how old an account is and whether its activity levels match the economic profile of the payee. Lucra delivers this with analysed transaction data.
100% correct payment details
Don't worry about fat finger errors. Lucra pulls the account number, sort code and IBAN directly from the bank. So what you see is 100% correct.