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Use Cases

Professional Services

Lawyers, fund managers and accountants use Lucra to keep their firms compliant and defended against fraudulent transactions.

Safeguarding outbound payments

Protect firm and client money against socially engineered scams and payment errors by accessing accurate and verifiable bank data from payment recipients.

Real-time trusted-source data

Lucra harnesses open banking to source bank account information directly from a recipient'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 recipient.

Transaction activity that matches payee profile

Second test of fraud is to lift the veil on a bank account's usage and age to see whether its activity levels match the economic profile of the recipient.

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.

Ultra secure protection of personal data

  • Bank data securely transferred via encrypted open banking APIs

  • Bank data never stored by Lucra

  • All PII securely stored in UK and EU databases

  • All data is encrypted at rest (AES-256) and in transit (TLS 1.2+)

Simple and easy to use

With no app downloads or file uploads required, payment recipients can easily share their bank information with minimal effort.

Pricing that conserves cash

Lucra offers flexible and transparent pricing for all its plans. Start and stop any time you want.

Effortlessly demonstrate AML compliance

Effortlessly maintain compliance with anti-money laundering obligations with Lucra's automated screening and monitoring capabilities.

Screen all payees for AML risks

Client or beneficiary, Lucra lets you validate IDs and screen for global sanctions, adverse media and PEP status. All in real-time.

Maintain 24/7/365 monitoring

Fulfill obligations to monitor clients and beneficiaries with monitoring capabilities that work quietly in the background, alerting you every time there is a change.

Adjust screening settings for different risk profiles

Conduct matter risk assessments according to their specific risk profile, by configuring how you screen for PEPs, adverse media and fuzzy logic.

A single source of truth for reporting and audit

Bank, ID and AML information, results of checks, screening settings, notes and observations, and an audit timeline of user action and activity. All neatly delivered in a single report.

Works for any transcation

Flexible and configurable to be deployed on any transaction, at any point in your process.

M&A

Fund inception and deployments

Conveyancing

Outsourced accountancy

Probate distributions

Supplier payments

Any high-value outbound payment

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