Elucidate Blog

Managing financial crime risk operations is no easy task. Disconnected systems, inefficient processes, and outdated data workflows often hinder decision-making and growth. In this article, we outline five key strategies to streamline your data systems and empower your teams to work smarter.

Elucidate team

Financial Crime

Streamlining risk ops: tools for today’s challenges

Outdated systems and fragmented workflows are more than just inefficiencies – they’re barriers to resilience and growth. This blog examines the current approaches to risk and data operations and identifies why many systems fall short.

Elucidate team

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Financial Crime

Scaling risk reporting while driving growth

For operations teams in financial institutions, scaling risk reporting isn’t just about meeting regulatory requirements – it’s about ensuring operational efficiency and supporting strategic growth. This blog explores how to integrate risk data, automate repetitive tasks, and implement scalable, modular solutions that streamline operations.

Elucidate team

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Banks

Enhancing Risk Assessment with Elucidate's Real-Time Risk Scoring System in ISO 20022 Transactions

In this article, we explore how Elucidate’s real-time risk scoring system leverages the ISO 20022 standard to bolster risk assessment in payment transactions. Discover how integrating comprehensive, ISO-compliant data can transform your approach to transaction risk analysis and enhance the accuracy of your data and risk operations.

Elucidate team

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Compliance

Pricing financial crime risk

The shift from manual to automated, data-driven risk assessment is expected to transform how banks manage and price financial crime risk, promoting fairer practices and stronger standards across the industry.

Elucidate team

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Network management

What are the risks and limitations of the correspondent banking system?

In this article, we discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships.

Elucidate team

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Compliance

Why a de-risking strategy increases your institution's risk

De-risking emerged as an unintended result of banks with limited alternatives to new regulations. Technology is the strongest ally to fix this.

Elucidate team

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Banks

What the sanctions on Russia mean for financial institutions

Announcing sanctions is one thing, ensuring that banks are putting them in place effectively is another challenge altogether. What can banks expect?

Elucidate team

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Financial Crime

What the Danske Bank scandal can teach us about financial crime risk management in correspondent banking

Danske Bank recently pleaded guilty to charges of money laundering. This scandal has significant implications for financial crime risk management.

Elucidate team

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Financial Crime

Unlocking the Power of the Network: Rethinking the Financial Crime Risk Framework

The current framework for managing AML risk is underperforming despite the investments being made in terms of raw compliance spend.

Elucidate team

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Governance

We found over thirty new or expanded tasks the EU AMLA will be asked to take on

The new AMLA is facing a growing list of expectations. How could the private sector help strengthen standards in the EU?

Elucidate team

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Financial Crime

Trust and transparency for a fairer financial ecosystem in the MENA region

Last month, our CEO Shane Riedel moderated a panel discussion at the 2nd MENA RegTech Virtual Executive Boardroom Conference.

Elucidate team

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