Elucidate
@ElucidateGmbH
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Elucidate is a financial crime risk management company enabling banks to benchmark and price FinCrime risk through risk assessment, data analysis and scoring.
Berlin, Germany
Joined October 2018
Elucidate is a proud sponsor of the Bank to Bank Forum in London today. We'll be on hand to showcase our Risk Pricing product for financial crime. Book a meeting below to learn more.👇 BAFT 2023 Europe
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Increased fees for higher money laundering risks: what is risk pricing for financial crime? 👇 https://t.co/1EvTgarBrl
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How to reduce your financial crime risk exposure with better transaction monitoring data 👇 Read the full article here:
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Join us in London for BAFT Europe 🇬🇧 We're proud to be a conference sponsor for The BAFT Europe: Bank to Bank Forum next week. Contact ana@elucidate.co to schedule a meeting and learn more about our risk ratings and risk pricing solutions.
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In this article, we discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships. 👇 https://t.co/HJLsfVeT05
elucidate.co
We discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships.
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In this article, we walk through what correspondent banks are looking for in their respondent partners, and in 5 steps, explain how to conduct a thorough correspondent due diligence process. 👇 https://t.co/9rmP6AIID6
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Speak the same language as your correspondents and generate new business. 👇 In our brand new guide, we help your institution avoid the pitfalls that respondent banks make when managing relationships with their correspondents. Download it below: https://t.co/6LQYoCsGYc
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Professional money launderers have a 99% success rate in running criminal profits through our existing banking system. 🌎 In @AmlIntelligence @shane_riedel explains why a risk-based pricing approach is key to curbing financial crime 👇 https://t.co/uQNJgd3oyR
amlintelligence.com
Elucidate's CEO & Founder explains why adopting a risk-based pricing approach to correspondent banking is key to curbing financial crime.
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Thanks to @Tracxn for featuring Elucidate on its list of Emerging Startups: Top Banking Tech Startups for 2022 🎉 We're excited to be leading the way with financial crime risk tech. Read the full list: https://t.co/ZLmvYf9EyM
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How can you get on the front foot with correspondent banks? We explain how you can gather reliable compliance data to inform your self-assessment of risk performance to build better correspondent banking relationships. 👇 https://t.co/9THu8OrufN
elucidate.co
Why more accurate compliance data helps prove yourself to correspondent banking partners
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We price risk in loans and mortgages, so why not financial crime? In a conversation with @Nasdaq @TradeTalks, our CEO @shane_riedel explains how risk-based pricing in financial crime shifts market incentives to systemically tackle the issue. Watch now: https://t.co/pUlMfnhbQP
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We are in Vienna today for the #EBAday! Drop by the Fintech Zone to see a live Elucidate report and learn how we are bringing transparency and effective compliance through network intelligence. #ebaday2022
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Lithuania's Center of Excellence in Anti-Money Laundering invited @maxheywood to speak about how reframing EWRA as a Zero Line of Defence can make an organisation’s Financial Crime Risk management more effective #riskmanagement #fincrime
elucidate.co
Lithuania's Center of Excellence in Anti-Money Laundering invited our Head of Public Sector to address the topic of Enterprise Wide Risk Assessments.
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In his recent interview with @businessinsider, our CEO @shane_riedel discussed how Elucidate detected a 10X increase in transactions involving shell companies in Russia right before the sanctions were imposed. https://t.co/6WHnxu2MfQ
businessinsider.com
In the months leading up to the attack, from November and especially in December, experts noticed an increase in transactions involving Russia.
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To learn more about what all the #RussiaSanctions mean for financial institutions, what can banks expect and how can they ensure these are being put in place check out our most recent article: https://t.co/g9gga38gzP
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Naturally, this presents new challenges to banks who will have to face, perhaps for the first time, the implementation of sanctions to a country so tied to the West and its economy.
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All the different sanctions which were worked on for years have been adopted against Russia in merely 2 weeks. Something that had not been seen before. #RussiaUkraine #RussiaSanctions
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#8 Oil & Gas Import Ban: US has announced a ban on Russian oil and other energy imports and UK will phase out imports of Russian oil and oil products by the end of 2022. #RussiaSanctions #RussiaUkraine #NATO
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#7 Transaction Bans: US, EU, UK have banned transactions with Russian Central Bank, Ministry of Finance, national wealth fund, to further squeeze the Russian economy. #RussiaSanctions #RussiaUkraine #G7 #NATO #EU
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#6 Economic relations restriction: Imposed in 2014, restrictions on economic relations with Crimea were extended to the non-government controlled areas of Donetsk and Luhansk. #RussiaSanctions #RussiaUkraine #NATO #EU
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