Press and Media
Our team loves working with media to spotlight how we can use technology to rid the earth of financial crime and meaningfully impact our industry.

Contact to explore opportunities.
About the team
We are Elucidate
We are a group of 35 technology and anti-financial crime experts on a mission to rid the earth of financial crime through data and analytics that help financial institutions understand their risk profile and build stronger relationships with their banking partners. You can read more about us here.
Press releases
Every new update from us, from new product launches to new partnerships, can be found here.
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
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
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
Elucidate in the news
From Business insider to Nasdaq, you can find media coverage of Elucidate’s products and mission here.
Russian oligarchs anticipated sanctions months before the war and moved money through Hawala, an informal payment system, an expert says
Russian oligarchs appear to have anticipated sanctions months before the Ukraine war started. Insider spoke to Shane Riedel, a financial crime expert and CEO of Elucidate. He said oligarchs moved money through the informal payment system called Hawala.
Ordinary People Are Smuggling Millions for Drug Dealers
Tara Hanlon flew regularly to Dubai and described it as a “perfect life”. Then she got caught at Heathrow with £1.9m in vacuum-packed bags.
December 6, 2022
Elucidate establishes US headquarters in Miami
Berlin-based financial crime risk scoring company Elucidate has opened a new US office in Miami, Florida, strengthening its presence in the Americas.
January 6, 2022
Elucidate raises $8 million to help banks counter surging financial crime
Elucidate, a Berlin-based financial crime risk management platform, has raised $8 million in a funding round led by AV8 Ventures.
May 11, 2022
INSIGHT: Adopting a risk-based pricing approach to correspondent banking is key to curbing financial crime
Economic crime is on the rise globally. In the EU, law enforcement officials estimate that professional money launderers have a 99% success rate in running criminal profits through the existing financial system.
November 6, 2022
Witad Awards 2020: Operational risk management professional of the year
Sihem Mouelhi, COO of Elucidate, a Berlin-based startup founded in 2018 that describes itself as a digital financial crime risk rating agency, wins the operational risk management professional...
April 14, 2020
A List Of Fintech Firms Providing Free Technology During The Coronavirus Crisis
To help banks help their customers through these trying times, many fintech providers are extending free, discounted, or accelerated deployment offers to financial institutions.
March 23, 2020
June 23, 2020
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Download our press kit
If you are a member of the press and need more information, please contact our Communications Team at To access press releases before 2022, click here.

To download our press kit, which includes brand assets, logos and guidelines, click below.