Press releases

PRESS
Elucidate raises $8 million to help banks counter surging financial crime
The funding comes at a critical time for the financial sector currently facing a dramatic increase in financial crime caused by the pandemic and exacerbated by growing instability in Eastern Europe.
March 22, 2023
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PRESS
Financial crime expert David Lewis joins the board at Elucidate
Lewis is a leading advocate for more effective action at a global level to tackle money laundering and has spoken widely about the importance of and pressing need for reform
March 22, 2023
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PRESS
Elucidate launches industry-first product for pricing financial crime risk
Elucidate worked alongside Standard Chartered Bank to build this framework, which uses machine learning technology coupled with a bank’s own data to create a numerical financial crime risk score.
March 22, 2023
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PRESS
TenureX and Elucidate partner to increase financial inclusion worldwide
Both companies share the vision that everyone in emerging markets deserves the right to participate in global financial markets and have united to tackle the outdated framework in corresponding banking
February 10, 2023
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PRESS
Raiffeisen Bank International partners with Elucidate to deploy standardised financial crime benchmarking
RBI deploys Elucidate’s financial crime risk quantification technology using automation and machine learning to remain ahead of financial crime
February 10, 2023
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PRESS
ING Group, Commerzbank, and Nordea lead financial crime risk global ranking
Elucidate's FinCrime Risk Monitor (EFRM) ranking is based on the company's open database for scoring the financial crime risk vulnerability of financial institutions
February 10, 2023
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PRESS
Elucidate raises €2.5 million to further develop its Financial Crime Index
Silicon Valley-based 11.2 Capital leads seed funding into the expansion of the Index’s quantification and prediction capabilities
February 10, 2023
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PRESS
Elucidate welcomes Michael McVicker as Head of Business Development for the Americas
Former Leading Banker at HSBC and Standard Chartered Bank takes charge of Elucidate’s market coverage for the Americas
February 10, 2023
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PRESS
Fraugster and Elucidate announce partnership to tackle Financial Crime
Integration will provide customers with access to global sanction lists
February 10, 2023
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PRESS
Financial crime risk scoring platform Elucidate earns ISO 27001 Security Certification
The certification was granted after meeting the requirements for establishing, implementing, and maintaining an information security management system (ISMS) as required by the International Organization for Standardization (ISO)
February 10, 2023
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PRESS
Elucidate schließt €2.5 Millionen Finanzierungsrunde ab, um das Moodys der Risikobewertung von Finanzkriminalität zu werden
Finanzierungsrunde angeführt von Frontline Ventures zusammen mit SeedX Liechtenstein, APEX Ventures und Big Start Ventures
February 10, 2023
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PRESS
Elucidate raises €2.5m financing round to build the Moody’s of financial crime risk
Elucidate’s regulated benchmark enables industry leading financial institutions and regulators to score, manage and price FinCrime risk
February 10, 2023
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PRESS
Elucidate launches open database of financial crime risk scores in the banking industry
The Elucidate FinCrime Risk Monitor (EFRM) is an open database for scoring the financial crime risk vulnerability of financial institutions
February 10, 2023
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 min read
PRESS
Elucidate named to 'Inclusive Fintech 50' cohort for 2021
The Inclusive Fintech 50 recognises fintechs driving innovation in underserved segments and is sponsored by Visa, MetLife Foundation, Jersey Overseas Aid and Comic Relief
February 10, 2023
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 min read
PRESS
Elucidate joins Berlin Group’s openFinance Advisory Group & Board
Elucidate, the financial crime risk management platform, has joined the Berlin Group’s openFinance Advisory Group & Board, an initiative set up to standardise and shape the evolution of openFinance adoption.
February 10, 2023
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PRESS
The Elucidate FinCrime Index becomes the market’s first regulated financial crime risk benchmark
A critical step taken in establishing the standard for measuring and analysing financial crime risk
February 10, 2023
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PRESS
Elucidate expands global presence with Miami office to bring financial crime benchmark to US market
Former HSBC Head of Financial Crime Compliance, Ben Arber, will head up US business development. Elucidate employs more than 35 people across Europe and has raised €5.7M in funding to date
February 10, 2023
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PRESS
As it joins the plug and play accelerator programme, Elucidate introduces its Advisory Board
Elucidate would like to welcome its new Advisory Board members, and is pleased to announce its selection for Plug and Play’s prestigious FinTech accelerator
February 10, 2023
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 min read
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