Shane Riedel
@shane_riedel
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Tech founder @ElucidateGmbH | ex-Goldman | ex-UN
Berlin, Germany
Joined June 2018
No decrease in productivity: we found no decrease in outputs. To the contrary, we noticed that employees were able to better organise their work to fit into the four days working week schedule.
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We measured the results of this change using metrics from @asana , @gitlab , @factorialhr and @pipedrive. A few observations from our experience:
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It started as a summer experiment for the months of June, July and August but - as we quickly realised that we achieved promising results for both employees and the company - we decided to implement it indefinitely.
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In less than 10 days since its invasion of Ukraine, Russia has become the most sanctioned country in the world. The numerous sanctions NATO and its allies have announced against Putin’s country target entities and individuals alike. #UkraineWar #RussiaSanctions
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As a start up founder who left banking to build a new and better approach to reducing financial crime, it is fantastically validating to be joined at @ElucidateGmbH on this journey by @dlonaml (ex-@FATF, ex-@hmtreasury, current visionary). 💪💪💪
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This week banks from all around the world are getting together for @Sibos 2021... 🏦🌐 The perfect time to share our Financial Crime Risk Global Ranking and see how the 100 largest banks compare on financial crime management:
elucidate.co
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
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The #PandoraLeaks has sent yet another shockwave through the banking and financial industry. Read how Elucidate leverages #DataScience and Machine Learning to help you mitigate your risk of exposure against offshore companies. #FinCrime
https://t.co/6dDCIVaDzk
elucidate.co
Can compliance teams really be expected to go through 11.9 million Pandora Papers' files by themselves?
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“...As a citizen you’re worried about climate change, Covid, food prices – corruption is still seen as one issue out of many” @maxheywood our Head of Public Sector is quoted in this @Independent article on the #PandoraLeaks
https://t.co/4X571k5Xeb"
independent.co.uk
The revelations are eye-catching, but the test will be whether they lead to major reform, writes Borzou Daragahi
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Thanks @LBA_Banking for inviting us to the Adverse Media Screening event! Our Senior Data Scientist, Anji Bandyopadhyay, shared how contextualised adverse media is critical to a robust financial crime risk scoring model. Learning how we do it: https://t.co/c6z1WC9cUu
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We are very proud to share that @ssihemmm, our CPO, has been chosen for the 2021 @money2020 RiseUp Europe Academy. The business leadership landscape is changing and we are delighted to have our C-Level be a part of evolution.
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The European Commission is proposing a single, harmonised supervisory assessment methodology for banks in the EU. Does this sound familiar? Read more about the Commission's proposal and how our approach fits right into the EU's future methodology:
elucidate.co
How a proposal for a single, harmonised supervisory assessment methodology for banks in the EU can change everything.
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Looking for your new source of insights on governance, risk and compliance? Our new blog is now live! 📰 Visit https://t.co/OxVfw0i4ha and learn how we are bringing innovation and transparency around financial crime risk. PS: Don't forget to subscribe to the newsletter 📬
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Last Friday @MaxHeywood lead a panel around Perspectives on data management and beneficial ownership at the @CoE_EU_HF and @CoeEapPCF Conference on Advancing Beneficial Ownership Transparency. Thanks to the +100 participants that attended!
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The FinCrime Risk Monitor is now live! 🎉 See how your bank ranks on Governance, Risk and Compliance in the largest public database for financial crime risk scores on the planet. Check your bank and compare it amongst +17000 others. https://t.co/cv06x0UB9L
#regtech #Banking
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We are really happy to welcome Ben Arber to the Elucidate team. He joins us from HSBC. Ben will be leading the charge into the Americas, with a particular focus on the US. As we focus on further strengthening recognition of our #benchmark, the Elucida… https://t.co/rH4YMNuTcX
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Our Head of Public Sector Policy @maxheywood joined a @UN discussion today on Corruption and International Investments to discuss ways for using technology to assess cross-border risks of corruption and financial crime. Thanks @UNODC and @UNCTAD for inviting us to participate!
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Why financial crime risk metrics have the potential to transform anti-money laundering. A thread 👇
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We are excited to announce we have earned our ISO 27001:2013 certification covering our data security, technology, legal compliance and human resources. Find out more about how we put security first here:
elucidate.co
The certification was granted after meeting the requirements for establishing, implementing, and maintaining an information security management system (ISMS) as required by the International Organi...
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Many thanks #FATF and @MarkusPleyer for convening this unique event bridging the privacy, anti-money laundering and technology communities. @ElucidateGmbh’s new case study showing how data can be used to tackle financial crime risk across borders is at
medium.com
A case study on how quantification of FinCrime risk allows a more productive approach to management of correspondent banking relationships
#Digitaltransformation & #responsibleinnovation is high on the #FATF agenda. In yesterday’s roundtable event, we gathered great insights from key stakeholders on how to promote a more technology enabling environment in anti-moneylaundering and achieve greater effectiveness.
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We signed our €2.5MM Pre-Series A financing round! We are happy for the support and confidence from our partners @Frontlinevc, SeedX, @apex_vc, BiG, and our angel investors in building the Moody’s of financial crime risk. Read the press release here:
elucidate.co
Elucidate’s regulated benchmark enables industry leading financial institutions and regulators to score, manage and price FinCrime risk
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