Elucidate Blog

Managing financial crime risk operations is no easy task. Disconnected systems, inefficient processes, and outdated data workflows often hinder decision-making and growth. In this article, we outline five key strategies to streamline your data systems and empower your teams to work smarter.

Elucidate team

Financial Crime

Streamlining risk ops: tools for today’s challenges

Outdated systems and fragmented workflows are more than just inefficiencies – they’re barriers to resilience and growth. This blog examines the current approaches to risk and data operations and identifies why many systems fall short.

Elucidate team

min read

Financial Crime

Scaling risk reporting while driving growth

For operations teams in financial institutions, scaling risk reporting isn’t just about meeting regulatory requirements – it’s about ensuring operational efficiency and supporting strategic growth. This blog explores how to integrate risk data, automate repetitive tasks, and implement scalable, modular solutions that streamline operations.

Elucidate team

min read

Financial Crime

How financial crime scandals reveal the need for risk monitoring tech

Leaks and whistleblowers have become a usual method by which many large-scale financial crime events are uncovered. What can we learn from this?

Elucidate team

min read

Integrating modern tech into your control framework

Within the banking and risk management industry, new tech should be viewed as an augmentation to improve team function and efficiency.

Elucidate team

min read

Financial Crime

How poor financial crime risk management can be a career killer

Without a right strategy and technology to support it, executives and Board Members put themselves at risk of being found liable for financial crime.

Elucidate team

min read

FinTech

How COVID-19 exposed the need for innovation in correspondent banking

Times of crisis often lead to an odd mix of tragedy and innovation, and the global COVID-19 pandemic has been no exception.

Elucidate team

min read

Regulators

FATF reports on technology & AML: what we’ve learned (and what we’re missing)

FATF has launched two new reports looking at the use of technology for anti-money laundering purposes. What does this mean for the industry?

Elucidate team

min read

Compliance

Here is a better way to manage your bank's exposure to the Pandora Papers leak

Can compliance teams really be expected to go through 11.9 million Pandora Papers' files by themselves?

Elucidate team

min read

Financial Crime

Here’s how the EU can enlist the private sector to tackle financial crime

EU has a critical window of opportunity to put in place innovative yet feasible solutions to strengthen Europe’s protections against financial crime.

Elucidate team

min read

Regulators

Germany's FATF mutual evaluation report: a case for better data and analytics

The FATF has released their assessment of Germany's AML/CFT efforts, a 324 page report, which calls for a more unified data and analytics approach.

Elucidate team

min read

Financial Crime

Financial Crime is Financial Risk. Why is it not managed as such?

Banks don't view the work of compliance departments as providing financial value but rather as a “cost center”. This view can be a big mistake.

Elucidate team

min read