Elucidate - News, Articles & Research

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.

11 May 2022

Company announcement/people

Elucidate adds former head of FATF to advisory board

Elucidate, a leading financial crime risk platform, has announced that David Lewis will be joining its advisory board. Lewis’ appointment follows his move from Executive Secretary of the Financial Action Task Force (FATF) to global head of anti-money laundering (AML) advisory at Kroll.

10 February 2022

Company announcement/crime

Elucidate launches product for pricing financial crime risk

Elucidate, the financial crime risk scoring company, has launched a standardised, transparent product for pricing financial crime risk, which it says will provide fairness and comparability within the market.

19 January 2022

Company announcement/crime

Elucidate opens Miami HQ office

Elucidate, the financial crime risk scoring company, has today announced its expansion into the US market with a new office in Miami, as part of the company’s mission to establish itself as the global standard for benchmarking financial crime risk.

29 November 2021

Company announcement/inclusion

TenureX and Elucidate unite to tackle inefficiencies in correspondent banking

TenureX and Elucidate have announced a strategic partnership with a mission to increase financial inclusion worldwide and tackle the laborious and outdated approach taken by correspondent banks when onboarding respondent banks and managing the periodic review process of counterparties.

23 November 2021

Company announcement/crime

Fraugster and Elucidate team up to tackle financial crime

Fraugster, a German-Israeli AI company, and Elucidate, a financial crime risk scoring platform, today announce their collaboration to provide customers access to global sanctions list including individuals, corporates and countries to help merchants, payment companies and partners to meet regulatory requirements and compliance measures.

01 July 2021

Company announcement/crime

Elucidate launches open database on financial crime risk scores

Elucidate, the financial crime risk scoring platform, has launched the Elucidate FinCrime Risk Monitor (EFRM), an open database for scoring the financial crime risk vulnerability of financial institutions.

30 June 2021

News/crime

Financial crime detection startup Elucidate raises €2.5 million

Elucidate, the Berlin-based financial crime risk quantification agency, has raised €2.5 million in a pre-Series-A funding round led by Frontline Ventures.

09 March 2021

News/crime

Elucidate raises EUR2.5m for Financial Crime Index

Berlin-based financial crime risk quantification agency Elucidate has raised EUR2.5 million in a seed funding round led by Silicon Valley-based 11.2 Capital.

24 June 2020