FinTech LIVE Interview: Dan Dica, Lynx Tech

December 18, 2024

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Dan Dica, CEO of Lynx Tech

FinTech Magazine recaps its exclusive interview with Dan Dica, CEO of Lynx Tech

On 22 and 23 October, FinTech LIVE London Global Summit made its inaugural appearance at 155 Bishopsgate for a two-day hybrid event that explored the latest technologies and strategies shaping the fintech industry's future.

Throughout the two days, attendees had the opportunity to engage in a diverse agenda that explored some of our industry’s most prominent points of discussion, such as financial crime, B2B payments, fraud and digital banking.

Our event this year also marked the launch of the debut Global FinTech Awards. This prestigious award ceremony commemorated the incredible organisations, start-ups and individuals that are redefining the boundaries of innovation and excellence in our dynamic industry.

Across 18 categories, our award ceremony acted as a platform to recognise the importance of financial services to the success of businesses, celebrate the incredible achievements of our industry and help spark inspiration among those who wish to make a difference in the future.

Here, we recap our exclusive FinTech LIVE London interview with Dan Dica, CEO of Lynx Tech.

🎤At FinTech LIVE London 2024, Dan featured in our ‘Financial Services Forum’ alongside Steve Round, President and Co-founder of SaaScada, Bentzi Aviv, Global Head of Fintech solutions at Amdocs.

Talk us through some of the key points covered in your panel discussion, the ‘Financial Services Forum’.

“It was very interesting. I think the panel and the discussion were very constructive to have different points of view from different industries.

“But, we all agreed that the three key takeaways were to have real time in the banking sector, artificial intelligence and machine learning and collaboration between fintechs and banks.”

The Financial Services Forum at FinTech LIVE London 2024

Where does Lynx currently fit into the fintech space?

“We see collaboration today between fintechs and banks - mostly to solve the problem of separation of functions in tier one or traditional financial institutions where cybersecurity fraud and AML (anti-money laundering) functions don't quite share information the way they should.

“We're solving that problem by providing machine learning models that provide a 360 view of fraud, cyberattacks or money laundering activities across the channels within a financial institution. “

Looking forward, what are the aims for Lynx in the next 12-18 months?

“We’re enjoying tremendous success globally - we’re in a scale up phase of our growth and we are expanding globally at the moment.

“We launch operations in the UK, we have operations in America and we’re going in every continent.

“We see a lot of demand for our solutions, especially financial institutions, payment service providers and fintechs that are looking for money machine learning models that self-learn and detect unusual behaviour.

“We saw strong demand for our money mule solution because of the intensity of the fraud in the UK here.

“In the next five months, we foresee that we will grow even faster, expand to more markets and provide new solutions across the globe where the banks need to plug in solutions to capture more fraud and financial crime.”

Dan Dica, CEO of Lynx Tech