About Elucidate

On a mission to rid the earth of financial crime through better data and analytics for financial institutions
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What we do
Elucidate is the data and ratings company for financial crime risk.

We believe that with the right data, financial institutions can speak the same language as their correspondent banking partners, better analyze their risk profiles and so reduce financial crime risk in the market.

With a vision to rid the earth of financial crime, we’re on a mission to build effective technology for how public and private institutions make decisions and manage financial crime risk.

Our Story

While working at Standard Chartered Bank as Head of Financial Crime Compliance, Elucidate’s founder and CEO Shane Riedel experienced first-hand the struggle to effectively manage the risk associated with financial crime.

With no standardized framework, financial crime risk was evaluated and managed differently across institutions, leading to friction between banking partners and unnecessary de-risking, negatively impacting emerging markets. To add to this, although billions are spent globally to tackle financial crime, 2 to 5% of global GDP is laundered each year by criminals, often through legitimate financial networks.

That’s why in 2018 Shane and co-founder and CTO, Filipe Garcia, set out to build a solution to eliminate financial crime. Through enabling institutions to better use their own data, Elucidate aims to build stronger correspondent banking relationships through providing financial institutions with a common framework to remediate risk.

Our Advisors
The experience of Elucidate’s Advisors spans across financial crime risk management, industry-wide risk regulation, cutting edge tech and global sales,
Jeannette Lichner
Ex-Managing Director Bank of America and Non Executive Director at FCA
David Lewis
Ex-Executive Secretary at the FATF
Our community
Our expanding and diverse team is made up of banking and technology experts
24
People
20+
Nationalities
7
Working & Remote Locations
Culture
Our values
We’re very proud of our unique culture and diverse team, comprising of 20+ nationalities. We believe in the potential of everyone regardless of background, and are driven to work towards a fairer market.
Client Centricity
We always deliver on our commitments as promised, without exception, considering our client needs as paramount
Intellectual Rigour & Curiosity
We are transparent and always communicate with candor. We always apply the highest standards of thoughtfulness in our work.
Impact Driven
We work with an intent to make a positive and meaningful impact on personal development, clients, business, and community.
Inclusivity
We embrace the diversity of backgrounds and views, and believe in the intrinsic value that comes from varied perspectives working together to achieve rich outcomes.
Entrepreneurialism
We share the same goals, trust and support each other to achieve them. We change as the needs and markets change, and learn from failure.
Sounds like you?
Start your Elucidate career today.
FOR BANKS AND FIS
Discover our products
Establish, maintain and delight correspondent banking relationships, while generating revenue and reducing financial crime risk.
Ratings
Our platform provides data-driven risk analysis of financial crime risk profiles and standardized scoring for financial institutions
Visit Ratings Page
Payments Scoring
Elucidate's payments solutions introduces a new framework for monitoring exposure to financial crime.
Visit Payments Scoring Page
Want to learn more?
Schedule a call with our team of experts to get a comprehensive view of Elucidate’s products.