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 Disconnected systems, inefficient processes, and outdated data workflows often hinder decision-making and growth.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Outdated systems and fragmented workflows are more than just inefficiencies – they’re barriers to resilience and growth.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

Network management

Empowering respondent banks in the fight against financial crime

All too often, highly capable respondent banks are left disempowered by the industry's commonplace top-down financial crime risk management practices.

Elucidate team

min read

Financial Crime

Correspondent banking: when is digital technology truly transformative in tackling financial crime?

“Digital transformation” is a banking buzzword. But when is it truly effective in the fight against financial crime? We explain what you need to know.

Elucidate team

min read

Financial Crime

Correspondent banking: how transparent benchmarking can avoid unnecessary de-risking and maximise opportunities

De-risking can often be one of the first responses to working with banks in high risk categories. But does it have to be?

Elucidate team

min read

Compliance

Benchmarking financial crime risk for individual firms

The standard AML toolkit is being put under the spotlight. What is the missing piece of the anti-money laundering puzzle?

Elucidate team

min read

Compliance

Applying the rating agency model to financial crime

In looking towards the future of the financial industry, it may be useful to look to the past, and the evolution of the credit risk industry

Elucidate team

min read

Banks

A technology-driven approach to managing sanctions risk for financial institutions

The current sanctions landscape is incredibly fast-moving, showing little sign of slowing down. Using innovative tools can help firms navigate it.

Elucidate team

min read

Financial Crime

A probabilistic approach to outcomes in the anti-financial crime

When it comes to preventing financial crime, today’s banking industry is stuck in a cycle of endless investments, and limited returns.

Elucidate team

min read

Financial Crime

3 SupTech milestones to look out for until 2023 and why they will matter

"When did criminals start to realise the best way to steal millions was to just make their transactions very very boringly complicated."

Elucidate team

min read

Financial Crime

5 reasons why the global anti-money laundering (AML) system is failing financial institutions

99% of money laundering proceeds remains in criminal hands - here are the key reasons why global AML/CFT controls are not working.

Elucidate team

min read