Our core benchmark, the Elucidate FinCrime Index (EFI) leverages data-analysis and machine learning to score and price risk, providing a comparable and comprehensive view of a bank's own risk, as well as that of its counterparties.
Because managing financial crime risk is critical.
Our proprietary risk model uses all available data to score and predict financial crime risk across the range of risk themes.
Elucidate uses a bank's own data alongside public domain and proprietary data to run over 1200 discreet tests, which we refer to as eventualities.
Each eventuality is assessed for both impact and probability, with results driving ongoing model optimisation.
The assessment results in nine scores across a range of financial crime risk themes, enabling nuanced FinCrime risk management.
Standardised and transparent ratings create the right incentives for banks to stop financial crime.
We are subject to GDPR and therefore have a comprehensive compliance framework to adhere to the regulation.
We store data exclusively in the European Union in certified and secure facilities
Data is never shared without prior consent
We store data encrypted using 256 Bit Advanced Encryption Standard
We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance and human resources
We store data exclusively in the European Union in certified and secure facilities
