Elucidate FinCrime Index logo

The industry's only regulated financial crime risk benchmark for financial institutions and regulators

We work alongside banks to provide a regulated, transparent, robust and data-based platform to manage financial crime risk internally and externally.

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.

Regulatory penalties have exceeded
$25 Billion
over the past 10 years.
Financial institutions spend
$1.5 Trillion
to combat financial crime.
Access to the global trade network is increasingly difficult as global institutions tighten rules around financial crime risk management.
Regulatory penalties have exceeded
$25 Billion
over the past 10 years.
Financial institutions spend
$1.5 Trillion
to combat financial crime.
Access to the global trade network is increasingly difficult as global institutions tighten rules around financial crime risk management.

How it works

Our proprietary risk model uses all available data to score and predict financial crime risk across the range of risk themes.

Sources

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.

Public data
Proprietary data
Wolfsberg CBDDQ
Institutional data
Hybrid of machine learning and expert-driven modelling

EFI Platform

Each eventuality is assessed for both impact and probability, with results driving ongoing model optimisation.

Employee Conduct
Geographic footprint
Bribery and  corruption
Customer portfolio
Organisational reputation
Products and channels
Governance framework
Transactional  activity
Sanctions

Scores

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.

Standardised and transparent ratings create the right incentives for banks to stop financial crime.

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GPDR

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

Encryption

We store data encrypted using 256 Bit Advanced Encryption Standard

ISO27001:2013

We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance and human resources

Transparency

We store data exclusively in the European Union in certified and secure facilities