Ratings - Credit-risk approach for financial crime

about ratings

Data-driven risk assessments for trusted banking relationships

Eliminate internal and external friction in relationships with a shared framework for risk analysis. Elucidate Ratings allows organizations and teams to speak a common language and collaborate more effectively.

Standardized ratings enable you to set clear risk tolerance levels across your network portfolio or assess your internal processes to compare yourself against the industry standard.

Regulated scoring engine

Our core intelligence engine leverages data analysis and machine learning to score financial crime risk, providing a comparable and comprehensive view of risk for Financial Institutions and Regulators.

Elucidate GmbH is an authorised Benchmark Administrator under the EU Benchmarking Regulation (BMR) on the ESMA register and is overseen by the Federal Financial Supervisory Authority (BaFin) in Germany.

Gain confidence by ensuring transparent and justifiable risk assessments

Reduce corporate and personal exposure on high risk decisions through external validation

Minimize the likelihood of regulatory actions with a continuously up-to-date analysis process

Monthly report with scores and analysis across 9 themes

Create comprehensive monthly risk reports for your own assessment or the banks in your portfolio. Discover insights at every level, from broad institutional overview to specific operational details.

Easily understandable insights obtained from transactional data instead of manual investigation and due diligence

Identify specific areas where your institution or portfolio is underperforming and prioritize them accordingly

Evaluate an organization's performance over time, whether it's a short or long period, to comprehend its progress

Industry comparison charts, filtering and segmentation

Equip your team with powerful visualizations, market insights, and data analysis. Increase efficiency in both front and back office operations enhancing spreadsheet capabilities with data analysis automation.

Establish a risk appetite for your institution based on data, and gain insight into risk appetites in the market

Identify business opportunities within segments and determine potential prospects based on market standards

Develop strategies for commercial growth that align with your bank's risk appetite and characteristics

Choose the format that better fits your current infrastructure

Access Elucidate's report and transactional analysis in the format that best suits your needs.

- Web-based app: Explore reports directly in your browser
- API: Integrate directly to your banking software
- CSV: Export results into your own spreadsheets for analysis
- PDF: Present structured and clear visualizations for decks and meetings

Need to improve your bank's risk profile?

Learn how our risk analysis can help.

Talk to our team

”With Elucidate you've actually got a full 360 view and you're going in depth into the database which you cannot manipulate.”

Miguel Attard

Head of Compliance & AML at Sparkasse Bank Malta

RISK MANAGEMENT

Analyze your institution or your client portfolio

Our Ratings product allows for comparison and analysis at all levels and stages, enabling you to enhance internal processes and controls, as well as evaluate and oversee your client portfolio.

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Ongoing monitoring

Enhance risk mitigation with ongoing monitoring for every bank's risk profile

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Reduced friction

Speak a common language and unify the risk framework for your teams and across institutions

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Consistent compliance

Ensure that your compliance procedures always meet or exceed industry standards.

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Competitive analysis

Compare yourself to others globally or in your region to understand your performance

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Zoom-in and out

Assess yourself on the operational level or obtain a company-wide perspective as needed.

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Automated processes

Boost productivity replacing manual processes and analysis with automation

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Market segmentation

Instant overview and understanding of markets or segments to identify outliers

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Data visualizations

Graphic interface for rapid data analysis and visual overview matrix of institution's risk per category

For Network Banks

Provide better guidance to your respondent banks with transparent, objective and clear risk appetite setting. Implement ongoing and timely communication with your clients and reduce risks in payment transactions across your portfolio.

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Build objective risk appetites at management level and implement it across your portfolio

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Develop commercial expansion plans that align with your bank's risk appetite

Solutions for Network Banks

For Domestic Banks

Access a transparent data source to understand market and correspondent bank risk appetites. Identify areas to target in order to meet specific risk appetites and delight your correspondent banking relationships.

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Identify root factors contributing to underperformance on specific key risks

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Understand risk appetites in the market and create effective improvements plans across teams

Solutions for Domestic Banks

EFI: OUR SCORING ENGINE

The first company subject to regulatory oversight for a financial crime risk benchmark

Our scoring engine, the Elucidate FinCrime Index (EFI), sets the standard for financial institutions to score and price the risks of money laundering, corruption, tax evasion, trafficking, terrorist financing and more.

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DEFENSIBLE

Nine scores across a range of risk categories, enable a nuanced FinCrime risk analysis utilizing more than 1200 data points and multiple data sources.

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INDEPENDENT

Thanks to external oversight and regulations, you can trust the the impartiality and accuracy of the EFI's scores.

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RELIABLE

Benchmarking regulation mitigates the risk of manipulation by addressing conflicts of interest, governance controls and the use of discretion in the process.

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TRANSPARENT

With a clear and documented methodology, you have detailed insights in how scores are calculated

Download the Whitepaper

Insights

Banks

Enhancing Risk Assessment with Elucidate's Real-Time Risk Scoring System in ISO 20022 Transactions

In this article, we explore how Elucidate’s real-time risk scoring system leverages the ISO 20022 standard to bolster risk assessment in payment transactions. Discover how integrating comprehensive, ISO-compliant data can transform your approach to transaction risk analysis and enhance the accuracy of your data and risk operations.

Risk

Elucidate team

May 29, 2024

min read

Network management

What are the risks and limitations of the correspondent banking system?

In this article, we discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships.

Banking

Financial Crime

Elucidate team

Feb 9, 2023

min read

Financial Crime

What the Danske Bank scandal can teach us about financial crime risk management in correspondent banking

Danske Bank recently pleaded guilty to charges of money laundering. This scandal has significant implications for financial crime risk management.