---
title: "About Elucidate"
description: "On a mission to rid the earth of financial crime through better data and analytics for financial institutions."
url: https://elucidate.co/about
---

Vol. 01 · The Elucidate Story Berlin — London — Singapore

About Elucidate

# We are Elucidate.

Practice **Financial crime risk**

Founded **Berlin, 2018**

Certification **ISO 42001**

A dedicated collective of technology and data science experts committed to safeguarding the integrity of financial systems worldwide.

2bn+

Payments analysed annually

ISO 42001

Certified AI management system

9

Themes scored across every counterparty

<4wks

Median time-to-value for new customers

Mission

Risk & Data Ops, reimagined for the regulated era.

Our expertise lies in deploying AI and machine learning algorithms to enhance data and risk management workflows, empowering financial institutions to improve their operational frameworks.

Our strategic insight fosters robust relationships with banking partners who instill trust in their operations. We invite you to discover our innovative approach to integrated Risk and Data Ops today.

![The Elucidate team at work.](https://elucidate.co/images/about-team-web_1.avif)

Plate · 01 The Elucidate team

IFounder Story

## From the inside of a bank to the Moody’s of financial crime risk.

Shane Riedel, CEO and co-founder of Elucidate, shares his journey from leading financial crime compliance in banking to innovating in financial crime risk management. He underscores the need for systemic solutions akin to a Moody’s for financial crime risk — a vision that led to the creation of Elucidate.

[Elucidate — Founder's story](https://www.youtube.com/embed/CC2BjWSWH1A)

Watch · Shane Riedel, Co-Founder & CEO

Journey of Elucidate

## A model everyone can read the same way.

Elucidate developed a financial crime risk model that institutions can benchmark against one another, now governed by an ISO 42001-certified AI management system — with a vision to analyse over two billion payments in 2024 for detailed risk assessments.

2018

Founded in Berlin

Out of a frustration with manual, opaque risk methodologies inside the banks themselves.

2020

EFRS framework launched

A scorecard for financial crime risk, designed to be benchmarkable across institutions.

2024

2 bn payments scored

Customers span major banks, sovereign wealth funds, payment providers and crypto.

Today

Agentic risk platform

Composable modules and autonomous agents, governed by an ISO 42001-certified AI management system.

[Elucidate — Journey of Elucidate](https://www.youtube.com/embed/3TP3tuo7rAw)

Watch · How the platform was built

IIThe Build

## The shortest path from data to a defensible risk decision.

From the first scorecard to the benchmark of today — how Elucidate built a financial-crime risk model that banks, regulators, and counterparties can all read the same way.

The People

## Leadership & advisors.

A small team with deep roots in banking, regulation, and engineering — backed by a board of advisors whose careers span financial crime risk, industry-wide regulation, cutting-edge tech, and global sales.

Shane Riedel

[LinkedIn](https://www.linkedin.com/in/shane-riedel/)

Co-Founder & CEO

Filipe Garcia

[LinkedIn](https://www.linkedin.com/in/filipecgarcia/)

Co-Founder & CTO

Advisory Board

Veterans of regulation, banking, and global compliance.

Jeannette Lichner

Ex-Managing Director, Bank of America. Non-Executive Director at the FCA.

[LinkedIn ↗](https://www.linkedin.com/in/jeannette-lichner-293a9b6/)

David Lewis

Ex-Executive Secretary at the FATF.

[LinkedIn ↗](https://www.linkedin.com/in/davidjwlewis/)

IIICustomers

## Banks. Sovereigns. Payments. Crypto.

Elucidate’s financial crime risk solutions, originally designed for banks, now serve a broad spectrum of clients — major banks, sovereign wealth funds, payment providers, and crypto exchanges — all united in managing financial crime risk under global regulations.

[Elucidate — Our customers](https://www.youtube.com/embed/l-1lXcY4mEU)

Watch · Who Elucidate works with

[Elucidate — Why our customers love us](https://www.youtube.com/embed/v6OVolbNqUo)

Watch · Why customers stay

IVThe ROI

## Not just safer. Faster, and more commercial.

Elucidate replaces manual methodologies and extensive reporting with efficient, data-driven risk assessment — fostering commercial growth through trust and transparency in financial partnerships. Customers celebrate not just risk management, but the commercial opportunities Elucidate unlocks.

VPartnership

## Work with us.

Partner with Elucidate: elevate risk management with AI-driven insights and unlock global growth opportunities. Together, we’ll pave the way for seamless expansion and inclusivity.

[Elucidate — Work with us](https://www.youtube.com/embed/2Ex2E8HTctI)

Watch · How partnerships start

Next step

## Want to see the platform in motion?

Schedule a call with our team of experts to get a comprehensive view of Elucidate’s products — and what they could do for your institution.

[Talk to our team](https://elucidate.co/demo-request)

— Or read more · [Meet Eli](https://elucidate.co/eli) · [See the ratings](https://elucidate.co/ratings)