One platform, countless benefits
Our blockchain-enabled platform delivers a risk management solution tailored to the needs of our users.
Risk Pricing
By establishing an industry baseline, the EFI enables pricing of financial crime risk.
Standardisation
The EFI creates an industry baseline for measuring financial crime risk and determining risk appetites.
Automated Self-Assessment
The EFI automates and digitises the regulatory requirement for ongoing financial crime assessment, producing superior results at lower cost.
Information Sharing
The EFI derives insights from across the user base to identify unexpected or emerging risks, whilst maintaining strict data protection standards. We refer to this as “crowdsourcing of risk events.”
Intuitive Reporting
The EFI visualises financial crime risk on an ongoing basis, enabling users to determine if investment in controls is resulting in lower risk levels.
Counterparty Confidence
The EFI allows counterparties to build trust through sharing of results. EFI results automate due diligence on transactions and counterparties.
EFI
One platform, countless benefits
Our blockchain-enabled platform delivers a risk management solution tailored to the user’s needs.
Standardisation

The EFI creates an industry baseline for measuring financial crime risk and determining risk appetites.

Automated Self-Assessment

The EFI automates and digitises the regulatory requirement for ongoing financial crime assessment, producing superior results at lower cost.

Counterparty Confidence

The EFI allows counterparties to build trust through sharing of results. EFI results automate due diligence on transactions and counterparties.

Intuitive Reporting

The EFI visualises financial crime risk on an ongoing basis, enabling users to determine if investment in controls is resulting in lower risk levels.

Information Sharing

The EFI derives insights from across the user base to identify unexpected or emerging risks, whilst maintaining strict data protection standards. We refer to this as “crowdsourcing of risk events.”

Risk Pricing

By establishing an industry baseline, the EFI enables pricing of financial crime risk.

The answer is in the data
Our proprietary risk model uses all available data to score and predict financial crime risk across the range of risk themes.
DATA SOURCES
   Customer Data
   Transactions
   Employee Data
   Employee Training
   Product Report
   Sanctions Screening
   Vendors
   Transaction Screening
EFI
analyses user data and interfaces with external and proprietary data sources to assess and score financial crime risk
RISK THEMES
•    Culture and employee conduct
   Geographic footprint
   Bribery and corruption
   Customer portfolio
   Organisational reputation
   Products and channels
   Governance framework
   Transactional activity
   Sanctions
We use data to monitor FinCrime risk and to optimise risk management as well as compliance via automation.
We enable risk management decisions to be fact-based.
We automate the monitoring of FinCrime controls and their effectiveness at mitigating inherent risks.
We use data to create a feedback loop that enables senior management to see the impact of their decisions quickly.
Risk themes
  • Culture and employee conduct
  • Geographic footprint
  • Bribery and corruption
  • Customer portfolio
  • Organisational reputation
  • Products and channels
  • Governance framework
  • Transactional activity
  • Sanctions
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FAQ
What is the Elucidate FinCrime Index (EFI)?
How does the EFI differ from the status quo?
Does the EFI replace transaction monitoring or sanctions screening?
Why does the EFI revise scores monthly?
Where can I find information on the EFI model?
Who can use the EFI platform?
How can my institution subscribe to the platform?
How can I become a user of the platform?
What data is needed to run the EFI?
Do we need to provide all data for the EFI to function?
Can I use my own methodology?
Can you produce bespoke reports?
Can the platform be integrated with my internal systems?
Can the platform be customised?
How is the data provided to the platform?
What security protocols are in place?
Is data encrypted?
What is “fingerprinting”?
Where and how is data stored?
Is my data shared with third parties?
Browser support
How many entities are using the EFI?
How can I know which of my counterparties are using the EFI?
Can I share my results with my counterparties?
Can I request my counterparties to be assessed and scored?
Will correspondent banks accept the EFI results?
Are correspondent banks using the EFI?
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