Press releases
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.
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
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.
Elucidate in the news
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.
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.
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.
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.
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...
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.
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