# Elucidate — core site content

> The core pages of https://elucidate.co as Markdown, in one file: products, solutions, company and resources. Each page is wrapped in a <doc> element whose url attribute is its canonical address; append .md to that address to fetch the page on its own.

Blog posts and press releases are not included. They are listed at https://elucidate.co/blog.md and https://elucidate.co/press-media.md, and each is available as Markdown. Site index: https://elucidate.co/llms.txt. How to fetch pages as Markdown: https://elucidate.co/for-agents.md

Generated 2026-10-19 · 27 pages

<doc title="Elucidate — The Agentic Risk Platform for financial crime" url="https://elucidate.co/" markdown="https://elucidate.co/index.md" description="Elucidate is the agentic risk platform for compliance, operations, and strategy teams. Autonomous agents, composable modules, and independent risk benchmarks — built for the next decade of financial crime compliance.">
The Agentic Risk Platform

# Compliance, autonomous by design.

Elucidate unifies your risk data, deploys autonomous agents on top of it, and decides — at the speed of payments. Built for compliance, operations, and strategy teams in regulated finance.

[Request a demo](https://elucidate.co/#book-a-demo) [Meet Eli, our agent](https://elucidate.co/eli)

ISO 27001 ISO 42001

Elucidate · live Agents · 24/7

Processing **1.2M** transactions / day **< 12ms** avg response

**1.2M** transactions screened today **347** entities monitored in real time **99.7%** screening accuracy **5** continents covered **4,291** alerts resolved this week **<0.1%** false positive rate **ISO 42001** certified AI management **38** sanctions lists integrated **SWIFT & ISO 20022** native

Three products. One agentic platform.

## Built for the next decade of financial-crime compliance.

Each product runs on the same risk data — and talks to your stack via a single API. Adopt one, or all three.

Autonomous Agent

### [Eli · Compliance Agent](https://elucidate.co/eli)

Your compliance never sleeps.

Eli investigates, screens, and decides — across SWIFT, ISO 20022, and your case management.

-   Real-time transaction screening & monitoring
-   Adverse media triage and CDD reports
-   Hidden ownership & nesting detection

Meet Eli

Composable Modules

### [Risk Module Builder](https://elucidate.co/modular-ecosystem)

Build the model your bank actually needs.

10+ composable modules — from Data Completeness to Entity Resolution — assembled into a single, interoperable risk engine.

-   Compose, configure, and ship in under 4 weeks
-   10+ composable modules, API-first
-   Integrates with your KYC, fraud & TM stack

Explore the modules

Portfolio Decisioning

### [Portfolio Assessment](https://elucidate.co/portfolio-assessment-tool)

Redefine risk, with precision.

A portfolio-wide lens on counterparty risk — backed by a financial-crime risk benchmark built under our ISO 42001-certified AI management system.

-   Benchmark counterparties across 9 risk themes
-   Auto-generated PDF risk profile reports
-   Surface profit-potential clients with confidence

See the tool

Platform capabilities

## Twelve tools. One shared brain.

Each tool ships as a callable capability the agents can compose — and as an API your team can drive directly.

01

### Entity Extraction

Identify the real parties behind every transaction, document, and watchlist.

02

### Sanctions Screening

38 sanctions lists, watchlists, and adverse-media corpora, applied in real time.

03

### Network Analysis

Resolve ownership chains, detect nesting and layering, surface hidden connectors.

04

### Risk Scoring

9-theme financial-crime risk benchmark, run under an ISO 42001-certified AI management system.

05

### Anomaly Detection

Flag transactions and cluster behaviour that deviate from learned norms.

06

### Document Parsing

Extract structured signal from KYC packs, MT/MX messages, and case files.

07

### Narrative Generation

Draft SARs, CDD reports, and analyst-ready disposition notes — auditable by design.

08

### Geo-mapping

Trace cross-border flows across 142 jurisdictions and corridor-level risk profiles.

09

### PEP Screening

Politically-exposed-person detection across global registries, refreshed continuously.

10

### Fingerprinting

Deduplicate entities and surface aliases with confidence-scored fingerprint matching.

11

### Pattern Matching

Catch known typologies — smurfing, layering, structured deposits — before they settle.

12

### Clustering

Group counterparties and transaction flows by behavioural similarity, in real time.

Built for every team in the loop

## One platform. Three perspectives.

From the analyst's desk to the boardroom — Elucidate gives every team the view they need on the same data.

For / Risk & Compliance

### [Automate the work. Defend the file.](https://elucidate.co/for-risk-compliance)

A 360° view of financial-crime risk across counterparties and transactions — built so audit and supervision actually believe you.

-   Automated KYB, KYC, and ongoing due diligence
-   Scored across 9 financial-crime risk themes
-   Governed by an ISO 42001-certified AI management system

See the workflow

For / Tech & Operations

### [Hit your throughput. Keep compliance close.](https://elucidate.co/for-operations)

Compose your own data model with the Risk Module Builder. Plug it into the systems you already run, on the API your engineers actually like.

-   10+ composable risk modules
-   API-first, with native KYC and TM integrations
-   Time-to-value under four weeks

See the modules

For / Strategy & Revenue

### [Find growth where others see only risk.](https://elucidate.co/for-strategy-revenue)

Use portfolio-grade risk decisioning to grow into markets, products, and counterparties your peers can't underwrite.

-   Identify profit-potential clients with confidence
-   Instant PDF risk-profile reports
-   Share the same data with risk & ops

See the strategy view

Trusted across 5 continents

Elucidate is used by banks, payment institutions, and correspondent networks to safely process billions in payments — with risk-decision confidence.

![Raiffeisen Bank International](https://elucidate.co/images/Raiffeisen_Bank_International_logo-grey.svg) ![Sparkasse](https://elucidate.co/images/sparkasse-vector-logo-grey.svg) ![Afreximbank](https://elucidate.co/images/afreximbank-logo.svg) ![Ecobank](https://elucidate.co/images/Ecobank_Logo-grey.svg) ![Wells Fargo](https://elucidate.co/images/Wells_Fargo_Logo_2020-grey.svg)

Why Elucidate

## The data tool built by the people who used to need it.

Our founder was Head of Financial Crime Compliance at Standard Chartered. Elucidate exists because no off-the-shelf tool gave him the structure, transparency, or regulatory standing he needed. We built one that does — and then put autonomous agents on top of it.

[Read the founding story](https://elucidate.co/about)

1,200+

Data points analyzed per bank report

17+

External data sources feeding the model

12+

Leading market integrations

100tps

For higher payment volumes24 / 7 · across regions

In their own words

## What our customers actually say.

Elucidate enriches our internal analyses with additional external data-based assessments. This raises the discussion with our clients to a new qualitatively and quantitatively improved level and makes our compliance framework even more robust.

Valerie Brunner

Member of the Management Board, Raiffeisen Bank International

By deploying data analysis at scale for preliminary and ongoing risk analysis, we can lower respondent acquisition and maintenance costs to a point that more commercial relationships are commercially feasible.

Francesco Miccoli

Former Head of Correspondent Banking, Standard Chartered

With Elucidate, you gain a comprehensive 360-degree view, allowing you to dive deep into the database — the output of which remains unalterable.

Miguel Attard

Head of Compliance & AML, Sparkasse Bank Malta

Ready when you are

## See the platform and the agent in 30 minutes.

Walk through the modules, watch Eli investigate a live case, and bring your hardest counterparty — we'll score it on the call.

[Request a demo](https://elucidate.co/demo-request) [Meet Eli first](https://elucidate.co/eli)

No card · No commitment · 30-min walkthrough
</doc>

<doc title="Eli – Autonomous Compliance Agent | Elucidate" url="https://elucidate.co/eli" markdown="https://elucidate.co/eli.md" description="Eli is Elucidate's autonomous compliance agent. Real-time transaction screening, adverse media triage, ownership-chain detection and risk decisioning governed by an ISO 42001-certified AI management system.">
Introducing

# Meet Eli. Your compliance never sleeps.

An autonomous compliance agent built on Elucidate's risk intelligence. Eli investigates, screens, and decides, so your team focuses on what matters.

-   Real-time transaction screening and monitoring across SWIFT and ISO 20022
-   Autonomous adverse media monitoring and triage
-   Automated detection of hidden structures, nesting, layering, and opaque ownership
-   Risk decisioning governed by an ISO 42001-certified AI management system

[Request access](https://elucidate.co/demo-request)

Eli

Compliance Agent

● Active

ISO 27001 ISO 42001
</doc>

<doc title="Modular Ecosystem" url="https://elucidate.co/modular-ecosystem" markdown="https://elucidate.co/modular-ecosystem.md">
Risk Module Builder

# A unified view of risk, composed module by module.

Use our Risk Module Builder to create a data model tailored to your needs, providing a unified view of risk across transactions, customers, and your institution. It seamlessly connects with the software and systems you already use, for enhanced risk analysis. Each module functions independently, or you can combine multiple modules to build a fully integrated analysis system.

-   Stand each module up independently, or compose them into one stack
-   Plugs into the data systems and software you already run
-   A single, transparent view of risk across transactions, customers, and institutions

[Talk to risk engineering](https://elucidate.co/contact) [Explore the modules](https://elucidate.co/modular-ecosystem#modules)

Live module mesh

// How it works

## Six risk modules. One stack.

Each module is self-contained and addresses a different facet of risk. Pick one for a focused capability, or wire several together into a fully integrated analysis system — on top of the data and tools you already run.

01

[Data Completeness](https://elucidate.co/modular-ecosystem#mod-data-completeness)

A verified, accurate data foundation — the bedrock of every other module.

VIEW MODULE →

02

[Coherence Assessment](https://elucidate.co/modular-ecosystem#mod-coherence-assessment)

Validates that what your clients say and do hangs together — consistency as a risk signal.

VIEW MODULE →

03

[Prohibited Activities](https://elucidate.co/modular-ecosystem#mod-prohibited-activities)

Scans transactions and behaviour for activity that breaches regulatory standards.

VIEW MODULE →

04

[Investigative Analysis](https://elucidate.co/modular-ecosystem#mod-investigative-analysis)

Surfaces patterns in historic transactional behaviour to sharpen predictive accuracy.

VIEW MODULE →

05

[Risk Quantification](https://elucidate.co/modular-ecosystem#mod-risk-quantification)

Synthesizes diverse risk indicators into a single, comparable numerical score.

VIEW MODULE →

06

[FI Assessment](https://elucidate.co/modular-ecosystem#mod-fi-assessment)

Portfolio-level risk scoring for banking relationships, aligned with industry standards.

VIEW MODULE →

01Data quality

### Data Completeness

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Read more](https://elucidate.co/data-completness)

![Data Completeness module](https://elucidate.co/images/elucidate-web-data-completeness_1.avif)

02Consistency

### Coherence Assessment

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Read more](https://elucidate.co/coherence-assessment)

![Coherence Assessment module](https://elucidate.co/images/elucidate-web-coherence-assessment-2_1.avif)

03Compliance guardrails

### Prohibited Activities

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Read more](https://elucidate.co/high-risk-activities)

![Prohibited Activities module](https://elucidate.co/images/elucidate-web-prohibited-activities_1.avif)

04Behavioural patterns

### Investigative Analysis

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Read more](https://elucidate.co/investigative-analysis)

![Investigative Analysis module](https://elucidate.co/images/elucidate-web-investigative-analysis-2_1.avif)

05Scoring

### Risk Quantification

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

[Read more](https://elucidate.co/risk-quantification)

![Risk Quantification module](https://elucidate.co/images/elucidate-web-risk-quantification_1.avif)

06Portfolio

### FI Assessment

Our Portfolio Assessment tool is an integral component of the Risk Module Builder, offering refined risk scoring and insightful portfolio evaluations, to help you navigate banking relationships with greater clarity. Align your risk assessments with industry standards.

[Read more](https://elucidate.co/portfolio-assessment-tool)

![FI Assessment module](https://elucidate.co/images/Resources-5.png)

// Let's build

## Interested? Let's discuss.

Walk us through your risk model, the systems you already run, and the modules you want first. We'll show you how the Risk Module Builder fits.

[Chat with us](https://elucidate.co/contact)
</doc>

<doc title="Ratings - Credit-risk approach for financial crime" url="https://elucidate.co/ratings" markdown="https://elucidate.co/ratings.md" description="Elucidate Ratings applies data-driven analysis to build financial crime risk profiles and standardized scoring for financial institutions.">
# Adopt the credit-risk approach for financial crime risk

Elucidate Ratings applies data-driven analysis to build financial crime risk profiles and standardized scoring for financial institutions.

Think of the credit-risk approach you know, but for FIs.

[Request Demo](https://elucidate.co/portfolio-assessment-tool)

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.

Trusted by

Independent 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’s AI management system is certified to ISO/IEC 42001, the international standard for managing AI responsibly.

+

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](https://elucidate.co/contact)

”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.



Ongoing monitoring

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



Reduced friction

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



Consistent compliance

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



Competitive analysis

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



Zoom-in and out

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



Automated processes

Boost productivity replacing manual processes and analysis with automation



Market segmentation

Instant overview and understanding of markets or segments to identify outliers



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.



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



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

[Solutions for Network Banks](https://elucidate.co/portfolio-assessment-tool)

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.



Identify root factors contributing to underperformance on specific key risks



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

[Solutions for Domestic Banks](https://elucidate.co/portfolio-assessment-tool)

EFI: OUR SCORING ENGINE

A financial crime risk benchmark governed by an ISO 42001-certified AI management system

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.



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.



INDEPENDENT

Every institution is scored on the same data-driven methodology, so you can trust the impartiality and accuracy of the EFI's scores.



RELIABLE

Our ISO 42001-certified AI management system sets governance controls over how the scoring models are built, monitored and changed.



TRANSPARENT

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

[Download the Whitepaper](https://elucidate.co/portfolio-assessment-tool)

Insights

[Compliance](https://elucidate.co/category/compliance)

[Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory)

The data behind the Elucidate Bank & Firm Directory—Swift's BIC directory, GLEIF and 22 regulator registers—how we standardise and link it, what it does not show, and why an identification layer is only useful if it is current.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Sep 28, 2026

 ·

8

 min read

[Banks](https://elucidate.co/category/banks)

[When a bank's answers disagree with itself: internal inconsistencies in the Wolfsberg CBDDQ](https://elucidate.co/blog/internal-inconsistencies-wolfsberg-cbddq-where-risk-hides)

Internal inconsistencies in the Wolfsberg CBDDQ are not clerical errors — they are signals. We explain why contradictory answers hide risk pockets, and how to catch them at scale.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Jun 26, 2026

 ·

6

 min read

[Compliance](https://elucidate.co/category/compliance)

[Elucidate Partners with Ankura to Transform Financial Crime Compliance Through AI-Powered Risk Intelligence](https://elucidate.co/blog/elucidate-partners-with-ankura-to-transform-financial-crime-compliance-through-ai-powered-risk-intelligence)

Elucidate announces a strategic alliance with Ankura, combining our AI-driven risk platform with their compliance expertise to deliver real-time intelligence and enhanced detection capabilities for financial crime prevention.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Nov 7, 2025

 ·

3

 min read

Discover a better way to manage your correspondent network

Access new markets and generate more business opportunities with trusted banking relationships.

[Evaluate risk across your network](https://elucidate.co/demo-request)
</doc>

<doc title="Risk Pricing - Risk based fees for cross-border" url="https://elucidate.co/payments-scoring" markdown="https://elucidate.co/payments-scoring.md" description="Elucidate's Risk Pricing introduces a new business model to determine the cost of bank's service fees based on the potential of financial crime risk.">
# Modern Slavery Act Agreement

## Elucidate GmbH is committed to preventing modern slavery and human trafficking in our business operations and supply chains.

This statement outlines the areas of focus for assessing and addressing  these risks:

1\. Our Business and Supply Chains  
2\. Policies and Governance  
3\. Risk Assessment and Due Diligence

This statement is made pursuant to Section 54(1) of the UK Modern Slavery Act 2015 and has been approved by the Managing Directors (Geschäftsführer).

Other statements and resources

[Compliance](https://elucidate.co/category/compliance)

[Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory)

The data behind the Elucidate Bank & Firm Directory—Swift's BIC directory, GLEIF and 22 regulator registers—how we standardise and link it, what it does not show, and why an identification layer is only useful if it is current.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Sep 28, 2026

 ·

8

 min read

[Banks](https://elucidate.co/category/banks)

[When a bank's answers disagree with itself: internal inconsistencies in the Wolfsberg CBDDQ](https://elucidate.co/blog/internal-inconsistencies-wolfsberg-cbddq-where-risk-hides)

Internal inconsistencies in the Wolfsberg CBDDQ are not clerical errors — they are signals. We explain why contradictory answers hide risk pockets, and how to catch them at scale.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Jun 26, 2026

 ·

6

 min read

[Compliance](https://elucidate.co/category/compliance)

[Elucidate Partners with Ankura to Transform Financial Crime Compliance Through AI-Powered Risk Intelligence](https://elucidate.co/blog/elucidate-partners-with-ankura-to-transform-financial-crime-compliance-through-ai-powered-risk-intelligence)

Elucidate announces a strategic alliance with Ankura, combining our AI-driven risk platform with their compliance expertise to deliver real-time intelligence and enhanced detection capabilities for financial crime prevention.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Nov 7, 2025

 ·

3

 min read
</doc>

<doc title="Portfolio Assessment Tool - Redefine Risk with Precision" url="https://elucidate.co/portfolio-assessment-tool" markdown="https://elucidate.co/portfolio-assessment-tool.md" description="Harness the rigor of credit-risk modeling for a cutting-edge approach to financial crime risk with our Portfolio Assessment Tool.">
Elucidate Financial Crime Index

# Redefine risk with precision.

Harness the rigor of credit-risk modeling for a cutting-edge approach to financial crime risk. Our Portfolio Assessment Tool translates complex data into definitive risk profiles and scores — setting a new standard for financial institution assessment.

[Request a demo](https://elucidate.co/demo-request) [Explore the ratings](https://elucidate.co/ratings)

ISO 42001 Certified Credit-risk methodology Portfolio-wide scoring

![Portfolio Assessment Tool preview — EFI Score 68/100 with per-theme breakdowns](https://elucidate.co/images/Ratings-main-product-rendering.svg)

[Elucidate — product demo](https://www.youtube.com/embed/NnDP5qtw0r4)

The approach

## Refined risk scoring for financial portfolios.

Harness the rigor of credit risk modeling in your risk-management operations with our Portfolio Assessment Tool — applying a data-driven approach to distill comprehensive risk profiles and uniform scores for the financial entities in your portfolio.

Think credit-risk precision — for financial institutions.

Insightful portfolio evaluation

## A harmonised risk language across your portfolio.

Navigate banking relationships with unprecedented clarity using our data-driven risk assessments. The Portfolio Assessment Tool equips you with a harmonised risk language and facilitates collaboration across teams — helping you define your risk appetite and benchmark your processes against the industry norm.

01 · Clarity

Data-driven risk assessments

Navigate banking relationships with confidence — every counterparty profiled against the same model.

02 · Collaboration

A harmonised risk language

Risk, ops and front office work from the same scores, definitions and thresholds.

03 · Benchmarking

Set your risk appetite against the market

Compare your portfolio to the industry norm to ground decisions in data, not anecdote.

[Elitza Kavrakova — Raiffeisen Bank International](https://www.youtube.com/embed/Ci0d_2OFOlw)

Customer story

Elitza Kavrakova, Group Head Institutional Clients at Raiffeisen Bank International AG, shares her experience working with the Portfolio Assessment Tool.

Elitza Kavrakova

Group Head Institutional Clients · Raiffeisen Bank International AG

![Raiffeisen Bank International](https://elucidate.co/images/Raiffeisen_Bank_International_logo.svg)

Capabilities

## Built on an independent risk benchmark.

Four capabilities that turn raw transactional data into the risk decisions your institution can defend — to regulators, counterparties and your own committees.

Capability / 01

### Benchmarked risk scoring engine

Drive your risk assessments with a scoring engine built on a confluence of detailed data analysis and advanced machine learning. Elucidate's AI management system is certified to ISO/IEC 42001, the international standard for managing AI responsibly.

-   Command trust with transparent, substantiated risk scores.
-   Mitigate decision-making risk through external benchmarking.
-   Keep scores current with dynamic scoring updates.

ISO 42001 Certified

Capability / 02

### Dynamic risk reporting

Craft monthly risk narratives that capture the essence of your financial portfolio's health. Our reports bridge institutional analysis with operational insights, arming you with a robust evaluation tool.

-   Transform raw transactional data into actionable intelligence.
-   Pinpoint and prioritise areas for operational enhancement.
-   Track organisational or portfolio evolution to inform strategy.

Capability / 03

### Competitive analytics & market positioning

Equip your teams with analytical tools that turn data into deep market insights — enriching decision-making from front-line business development through compliance oversight.

-   Define risk appetite with market-informed data insights.
-   Identify business opportunities matched to your portfolio's risk profile.
-   Develop commercial strategies in tandem with your risk benchmarks.

Capability / 04

### Seamless reporting integration

Access Elucidate's risk scores and analyses in formats that integrate cleanly with your operational ecosystem.

-   Navigate reports through our web platform for instant insights.
-   Integrate analysis directly into your systems via API.
-   Customise and extend analyses with CSV exports.
-   Present and share findings with structured PDF reports.

Interested?

## Let’s discuss your portfolio.

A 30-minute walk-through of the Portfolio Assessment Tool against a sample of your institution's data. No slides — the product itself.

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

— or read more · [See the Ratings](https://elucidate.co/ratings) · [For Risk & Compliance](https://elucidate.co/for-risk-compliance)
</doc>

<doc title="Risk Quantification" url="https://elucidate.co/risk-quantification" markdown="https://elucidate.co/risk-quantification.md">
# Risk Quantification

The Risk Quantification Module turns risk into clarity, transforming complex datasets into precise, actionable risk scores so you can accurately align your risk appetite. This tool enables institutions to navigate the uncertain waters of financial operations with confidence and strategic foresight.

[Request more information](https://elucidate.co/portfolio-assessment-tool)

Key benefits



Advanced Risk Scoring

Leverage cutting-edge algorithms to synthesize diverse data inputs — such as transaction histories, volumes, and behavioral patterns — into comprehensive risk scores that could uncover potential vulnerabilities.



Tailored Thresholds for Risk Appetite

Customize the module to align with your institution’s specific risk preferences, ensuring that every operational decision is aligned with your overarching risk appetite.



Strategic Decision Support

Armed with quantifiable risk insights, your institution can prioritize actions, allocate resources more effectively, and make informed decisions that balance opportunity against risk.

[Elucidate’s Risk Module Builder](https://elucidate.co/modular-ecosystem)

[Data Completeness](https://elucidate.co/data-completness)

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Coherence Assessment](https://elucidate.co/coherence-assessment)

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Prohibited Activities](https://elucidate.co/high-risk-activities)

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Investigative Analysis](https://elucidate.co/investigative-analysis)

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Risk Quantification](https://elucidate.co/risk-quantification)

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

The Risk Quantification Module empowers your institution to act proactively

Based on precise, data-driven insights. Equip your team with the tools to quantify risk and turn risk management into a strategic advantage.

[Explore Risk Quantification with Elucidate](https://elucidate.co/demo-request)
</doc>

<doc title="Investigative Analysis" url="https://elucidate.co/investigative-analysis" markdown="https://elucidate.co/investigative-analysis.md">
# Investigative Analysis

The Investigative Analysis module revolutionizes how financial institutions investigate and understand their transactional landscapes. At the heart of this innovative tool is a GenAI layer, transforming data analysis into an interactive, dynamic dialogue between you and the intelligence that powers your financial insights.

[Request more information](https://elucidate.co/portfolio-assessment-tool)

Key benefits



Conversational Intelligence

Directly engage with our sophisticated GenAI system to navigate through your data. Whether pinpointing dormant accounts or revealing obscure transactional connections, the module's conversational interface allows you to articulate investigative queries in natural language, making complex data analysis as simple as asking a question.



Intelligent Question Framing

Beyond answering queries, our GenAI proactively assists in shaping your investigative questions, ensuring that each inquiry is precisely tailored to uncover the most relevant insights.



Customizable Analytical Models

Dive into the depth of your data without ever touching a line of code. With access to a no-code regression model, you can define the parameters of your investigation, from identifying risk exposure to spotting emerging trends, all through intuitive text prompts.

[Elucidate’s Risk Module Builder](https://elucidate.co/modular-ecosystem)

[Data Completeness](https://elucidate.co/data-completness)

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Coherence Assessment](https://elucidate.co/coherence-assessment)

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Prohibited Activities](https://elucidate.co/high-risk-activities)

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Investigative Analysis](https://elucidate.co/investigative-analysis)

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Risk Quantification](https://elucidate.co/risk-quantification)

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

Leverage the module's ability

To sift through extensive databases, applying machine learning models to extract patterns and insights that inform your strategic decisions.

[Explore Investigative  Analysis with Elucidate](https://elucidate.co/demo-request)
</doc>

<doc title="Elucidate for Risk and Compliance" url="https://elucidate.co/for-risk-compliance" markdown="https://elucidate.co/for-risk-compliance.md" description="Customize your financial crime compliance process with our Risk Module Builder, to align with your institution's risk appetite, detect prohibited activities faster, and confidently speak the language of regulators.">
_Elucidate for Risk and Compliance_

# Where Compliance teams go to build their unified risk data story and safeguard their institution

_Customize your financial crime compliance process with our Risk Module Builder, to align with your institution's risk appetite, detect prohibited activities faster, and confidently speak the language of regulators._

[Build your risk data story](https://elucidate.co/for-risk-compliance#book-a-demo)

## Start your journey to risk decision confidence and compliance efficiency

#### Drive increases in risk detection

Safely process more risk-free transactions and avoid regulatory pressure with data confidence

#### <4 weeks, time to value

Spot and remediate risks faster by getting up and running with  Elucidate in under a month

#### Reduce the percentage of false positives in your system

Safely onboard more good-fit customers, with risk decision confidence

## How Risk and Compliance Teams Use Elucidate It’s as easy as:

Step - 1

Step - 2

Step - 3

Upload your transaction and customer data

Overcome data overload and multiple silos by uploading your client and transaction data easily via batch or using our API into Elucidate.

Build your own data model

Choose the modules most suited to your needs to build your customized model: from Data Completeness, designed to verify the accuracy of your transaction data, to Activity Checks, which scans and flags transactions that contravene regulatory standards.

View your outputs in the way you want to see it

Our API integrates seamlessly with your existing tools, helping you interpret the data to support better-quality decision-making.

See your data in the way you want to see it, whether directly into your own CRM or productivity software, or via 3rd party builds, you so can get reliably from data to decisions, and process more transactions that enhance your business growth.

## Get from data to decisions faster with your customized data model

### Customize your risk management process to your institution’s risk appetite

With Elucidate’s Risk Module Builder, pick the most relevant modules and incrementally link the modules most critical to your immediate data needs. With over 10 core modules designed for seamless integration and scalability, you can ensure your risk strategies are as dynamic as the challenges you face.

### Integrate your Risk Management data into your existing systems for greater efficiency

Our interoperable Risk Module Builder easily plugs into your existing tools and systems via our API so you can focus on analyzing risk, rather than on operationalizing data siloes. Finally see the data in the exact way that your institution wants to see it, so you can make informed and clear decisions on the institution, customer, and transaction level.

### Enrich your decision-making with real-time, standardized Risk Scoring

Choose our Risk Scoring module, and translate complex and disparate data into definitive risk profiles and scores, to better define your risk appetite, streamline transaction monitoring, and speak the language of regulators, with a risk benchmark run under our ISO 42001-certified AI management system.

### Leverage intuitive exception management

Easily identify transactions or duplications that deviate from normal patterns of expected behavior and review, allow, or disallow them in the system.

[Learn more about our Risk Module Builder](https://elucidate.co/demo-request)

## The modules designed for Risk and Compliance teams

FI Assessment

Risk Scoring

Activity Checks

Entity Resolution

Or learn more about the many different Elucidate modules, designed to help you build the data model for you.

[Learn More](https://elucidate.co/modular-ecosystem)

_Elucidate has helped companies across 5 continents safely process billions in payments, with risk decision confidence_

TRUSTED BY

## How Raiffeisen Bank uses Elucidate to assess their risk exposure and enhance portfolio decision-making

[Elitza Kavrakova Interview](https://www.youtube.com/embed/Ci0d_2OFOlw?rel=0&controls=1&autoplay=0&mute=0&start=2)

## Enterprise-grade security and compliance

Your data is safe with us. We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance, and human resources, meaning your data is securely transmitted and stored. Your details remain protected under our data processing agreement.

”Elucidate enriches our internal analyses with additional external data-based assessments. This raises the discussion with our clients to a new qualitatively and quantitatively improved level and makes our compliance framework even more robust.”

Valerie Brunner

Member of the Management Board at Raiffeisen Bank International

“By \[working with Elucidate to\] deploy data analysis at scale for preliminary and ongoing risk analysis, we can lower respondent acquisition and maintenance costs to a point that more commercial relationships are commercially feasible.”

Francesco Miccoli

Former Head of Correspondent Banking

“Using Elucidate helped us to gain access to a major European correspondent bank to open a cash account. As an independent financial crime risk assessment framework, Elucidate was extremely helpful as correspondent banks favour external,  
independent assessment of risk exposure"

George Apyrou

Head of Operations

"With Elucidate, you gain a comprehensive 360-degree view, allowing you to dive deep into the database, the output of which remains unalterable."

Miguel Attard

Head of Compliance & AML at Sparkasse Bank Malta

# About Elucidate

### +1200

Data points analyzed per bank report

### +17

Data sources feeding our model

### 12+

Leading market integrations

### \>100tps 24/7

For fast and secure payment processing

## Resources for Risk and Compliance Teams

![diagram on risk monitor](https://elucidate.co/images/Resources-1_720.jpg)

Discover how you compare against others in the market with Elucidate’s free Risk Monitor.

[See where my institution ranks](https://monitor.elucidate.co/)

![risk score label](https://elucidate.co/images/Resources-2_720.jpg)

Get more precision with your financial intelligence. Read how transparent scoring can help avoid the opportunity cost that often comes with premature de-risking, and pulling out of markets.

[Read it now](https://elucidate.co/blog/correspondent-banking-how-transparent-benchmarking-can-avoid-unnecessary-de-risking-and-maximise-opportunities)

![risk graph](https://elucidate.co/images/Resources-3_720.jpg)

Data can give regional banks a voice in the market; and unlock some lucrative opportunities. Read how below.

[Read it now](https://elucidate.co/blog/empowering-respondent-banks-in-the-fight-against-financial-crime)

## Book a demo of our Risk Module Builder for risk decision confidence:
</doc>

<doc title="Elucidate for Technology and Operations" url="https://elucidate.co/for-operations" markdown="https://elucidate.co/for-operations.md" description="Meet your process targets without compromising on compliance. With Elucidate’s Risk Module Builder, create the most efficient transaction monitoring and processing tool, designed for safer payments growth and scalability.">
_Elucidate for Technology and Operations_

# Where Operations teams go to build their most efficient risk management models

_Meet your process targets without compromising on compliance. With Elucidate’s Risk Module Builder, create the most efficient transaction monitoring and processing tool, designed for safer payments growth and scalability._

[Build your data model](https://elucidate.co/demo-request)

## Get the most out of your existing data and tools to build efficient risk models

#### Drive increases in risk detection

Safely process more risk-free transactions and speak the language of your compliance team

#### <4 weeks for time to value

Detect and remediate risks faster by getting up and running with Elucidate in under a month

#### Reduce the percentage of false positives in your system

Safely onboard good-fit customers, with risk decision confidence

## How Tech and Ops teams use Elucidate It’s as easy as:

Step - 1

Step - 2

Step - 3

Upload your transaction and customer data

Overcome manual data processes, by uploading your client and transaction data easily into Elucidate, either via batch or using our API.

![upload data step](https://elucidate.co/images/Operations-_-Step-1-_-Visual-2.jpg)

Build your own data model

Choose the modules most suited to your needs to build your customized model: from Data Completeness, designed to verify the accuracy of your transaction data, to Activity Checks, which scans and flags transactions that contravene regulatory standards.

![Risk module builder](https://elucidate.co/images/Operations-_-Step-2-_-Visual-3.jpg)

View your outputs in the way you want to see it

Our API integrates seamlessly with your existing tools, helping you interpret the data to rapidly support better quality decision-making. See your data on your own terms; whether directly in your CRM or productivity software or via 3rd-party builds, so you can safely process more transactions that enhance your business growth.

Operational Targets

## Meet operational targets, backed by robust data.

Four capabilities that turn your data into decisions — without the trade-offs between efficiency, compliance, and growth.

Capability / 01

### Build a data model that scales with your growth.

With Elucidate's Risk Module Builder, shape your framework to your institution's evolving needs. Over 10 core modules — engineered for seamless integration and scalability — keep your risk strategies as dynamic as the challenges you face.

-   10+ composable core modules
-   Time-to-value under four weeks
-   API-first; integrates with your stack

Capability / 02

### Never compromise on operational delivery.

Avoid trade-offs between efficiency, compliance, and growth. With your risk appetite clearly defined in your own data model, you can hit ambitious process targets and stay supported by compliance.

Capability / 03

### Real-time, standardized Risk Scoring.

Translate disparate data into definitive risk profiles and scores. Elucidate's Risk Scoring runs under an ISO 42001-certified AI management system.

ISO 42001 Certified

Capability / 04

### A single source of truth for risk efficiency.

Our interoperable Risk Module Builder plugs into your existing tools via API — so you can focus on optimizing payment processing, not unsticking data siloes. See the data the way your institution needs to see it.

[Explore the Risk Module Builder](https://elucidate.co/modular-ecosystem)

Module Library

## The modules designed for Tech & Operations teams.

Mix and match the building blocks your team needs — assembled into a single, interoperable framework.

1.  01

    ### Data Completeness

    Verify the accuracy and integrity of every record before it enters your workflow.

2.  02

    ### Coherence

    Detect mismatches across customer, transaction, and counterparty data with statistical confidence.

3.  03

    ### Activity Checks

    Flag transactions that contravene regulatory standards in real time — no manual triage required.

4.  04

    ### Entity Resolution

    Untangle complex ownership structures and identify who you're really doing business with.

Or learn more about the many different Elucidate modules, designed to help you build the data model for you.

[Explore the Module Library](https://elucidate.co/modular-ecosystem)

_Elucidate has helped companies across 5 continents safely process billions in payments, with risk decision confidence_

TRUSTED BY

## How Raiffeisen Bank uses Elucidate to assess their risk exposure and enhance portfolio decision-making

[Elitza Kavrakova Interview](https://www.youtube.com/embed/Ci0d_2OFOlw?rel=0&controls=1&autoplay=0&mute=0&start=2)

## Enterprise-grade security and compliance

Your data is safe with us. We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance, and human resources, meaning your data is securely transmitted and stored. Your details remain protected under our data processing agreement.

”Elucidate enriches our internal analyses with additional external data-based assessments. This raises the discussion with our clients to a new qualitatively and quantitatively improved level and makes our compliance framework even more robust.”

Valerie Brunner

Member of the Management Board at Raiffeisen Bank International

“By \[working with Elucidate to\] deploy data analysis at scale for preliminary and ongoing risk analysis, we can lower respondent acquisition and maintenance costs to a point that more commercial relationships are commercially feasible.”

Francesco Miccoli

Former Head of Correspondent Banking

“Using Elucidate helped us to gain access to a major European correspondent bank to open a cash account. As an independent financial crime risk assessment framework, Elucidate was extremely helpful as correspondent banks favour external,  
independent assessment of risk exposure"

George Apyrou

Head of Operations

"With Elucidate, you gain a comprehensive 360-degree view, allowing you to dive deep into the database, the output of which remains unalterable."

Miguel Attard

Head of Compliance & AML at Sparkasse Bank Malta

About / Elucidate

## Built by the team that knows what's at stake.

We're the only data tool in the market designed exclusively for risk, operations, and strategy teams combating financial crime — a no-code product customized to your specific challenges.

Our founder previously served as Head of Financial Crime Compliance at Standard Chartered Bank, and built Elucidate in response to the lack of structure and reliability in the risk and payments industry — so teams like yours can process payments faster, while confidently meeting operations targets and regulatory requirements.

[Read the founding story](https://elucidate.co/about) [Book a demo](https://elucidate.co/demo-request)

By the numbers

- **Data points per report:** 1,200+
- **Sources feeding the model:** 17+
- **Market integrations:** 12+
- **Throughput & uptime:** 100tps · 24/7

Audited & certified — ISO 27001:2013

Reading Room 03 articles

## Resources for Operations teams.

Hand-picked reads and tools to help your team turn data into decisions, faster.

01 / 03 Free Tool

![Elucidate Risk Monitor benchmark dashboard](https://elucidate.co/images/Resources-1_720.jpg)

### [Discover how you compare against others in the market.](https://monitor.elucidate.co/)

Benchmark your institution with Elucidate's free Risk Monitor — see exactly where you stand.

See where my institution ranks

02 / 03 Field Note

![Transparent benchmarking insights](https://elucidate.co/images/Resources-2_720.jpg)

### [How transparent benchmarking avoids unnecessary de-risking.](https://elucidate.co/blog/correspondent-banking-how-transparent-benchmarking-can-avoid-unnecessary-de-risking-and-maximise-opportunities)

Financial intelligence doesn't have to be challenging. Read how transparent scoring sharpens decisions.

Read it now

03 / 03 Field Note

![Empowering respondent banks](https://elucidate.co/images/Resources-3_720.jpg)

### [Giving regional banks a voice in the global market.](https://elucidate.co/blog/empowering-respondent-banks-in-the-fight-against-financial-crime)

Data can give regional banks a voice — and unlock lucrative opportunities. Here's how.

Read it now

## Book a demo of our Risk Module Builder for streamlined operations:
</doc>

<doc title="Elucidate for Strategy and Revenue" url="https://elucidate.co/for-strategy-revenue" markdown="https://elucidate.co/for-strategy-revenue.md" description="Outpace disruptors in the market with Elucidate’s AI-enabled Risk Module Builder, designed to streamline risk detection so you can focus on growth.">
_Elucidate for Revenue and Strategy_

# Identify your most profitable customers and drive more value from your products, while managing risk effectively

_Outpace disruptors in the market with Elucidate’s AI-enabled Risk Module Builder, designed to streamline risk detection so you can focus on growth._

[Build your data model](https://elucidate.co/modular-ecosystem)

## Drive more growth, without compromising risk management

#### Drive increases in risk detection

Meet evolving regulatory requirements, with streamlined risk detection, transaction monitoring, and intuitive exception management.

#### <4 weeks, time to value

Get up and running with Elucidate, and begin to drive value for your payments pipeline in weeks, not months.

#### Reduce the percentage of false positives in your system

Safely onboard more profitable and compliance-certified customers, to drive continued growth.

## Align your risk detection and client growth process in one workstream It’s as easy as:

Step - 1

Step - 2

Step - 3

Upload your transaction and customer data

Overcome manual data processes by uploading your client and transaction data easily into Elucidate, either via batch or using our API.

Build your own data model

Choose the modules most suited to your data needs to build your customized model: from Data Completeness, designed to verify the accuracy of your transaction data, to Activity Checks Activities, which scans and flags transactions that contravene regulatory standards.

View your outputs in the way you want to see it

Our API integrates seamlessly with your existing tools to rapidly support better quality decision-making. See your data on your terms; whether directly in your CRM or productivity software or via 3rd-party builds, you so can safely process more transactions that enhance your revenue potential.

## Meet expansion targets, backed by robust risk data

### Build the data model that can scale with your ambitious strategy

With Elucidate’s Risk Module Builder, pick the most relevant modules and incrementally link the modules most critical to your immediate data needs. With over 10 core modules designed for seamless integration and scalability, you can ensure your risk strategies are as dynamic as the challenges you face.

### Integrate your Risk Management data into your existing systems for greater efficiency

Our interoperable Risk Module Builder easily plugs into your existing tools and systems via our API so you can focus on analyzing risk, rather than on operationalizing data siloes. Finally see the data in the exact way that your institution wants to see it, so you can make informed and clear decisions on the institution, customer, and transaction level.

### Enrich your decision-making with real-time, standardized Risk Scoring

Translate complex and disparate data into definitive risk profiles and scores, to align with compliance’s set risk appetite, and streamline transaction monitoring. Elucidate’s Risk Scoring system runs under an ISO 42001-certified AI management system.

### A single source of truth for risk management efficiency

Our interoperable Risk Module Builder easily plugs into your existing tools and systems via our API so you can focus on scaling what’s working. Finally see the data in the exact way that your institution wants to see it, so you can make informed customer, transaction and pricing decisions.

[Learn more about our Risk Module Builder](https://elucidate.co/modular-ecosystem)

## The modules designed for Strategy and Revenue teams

FI Assessment

Risk Scoring

Or learn more about the many different Elucidate modules, designed to help you build the data model for you.

[Learn More](https://elucidate.co/modular-ecosystem)

_Elucidate has helped companies across 5 continents safely process billions in payments, with risk decision confidence_

TRUSTED BY

## How Raiffeisen Bank uses Elucidate to assess their risk exposure and enhance portfolio decision-making

[Elitza Kavrakova Interview](https://www.youtube.com/embed/Ci0d_2OFOlw?rel=0&controls=1&autoplay=0&mute=0&start=2)

## Enterprise-grade security and compliance

Your data is safe with us. We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance, and human resources, meaning your data is securely transmitted and stored. Your details remain protected under our data processing agreement.

”Elucidate enriches our internal analyses with additional external data-based assessments. This raises the discussion with our clients to a new qualitatively and quantitatively improved level and makes our compliance framework even more robust.”

Valerie Brunner

Member of the Management Board at Raiffeisen Bank International

“By \[working with Elucidate to\] deploy data analysis at scale for preliminary and ongoing risk analysis, we can lower respondent acquisition and maintenance costs to a point that more commercial relationships are commercially feasible.”

Francesco Miccoli

Former Head of Correspondent Banking

“Using Elucidate helped us to gain access to a major European correspondent bank to open a cash account. As an independent financial crime risk assessment framework, Elucidate was extremely helpful as correspondent banks favour external,  
independent assessment of risk exposure"

George Apyrou

Head of Operations

"With Elucidate, you gain a comprehensive 360-degree view, allowing you to dive deep into the database, the output of which remains unalterable."

Miguel Attard

Head of Compliance & AML at Sparkasse Bank Malta

# About Elucidate

### +1200

Data points analyzed per bank report

### +17

Data sources feeding our model

### 12+

Leading market integrations

### \>100tps 24/7

For processing higher payment volumes

## Book a demo of our Risk Module Builder for risk decision confidence:
</doc>

<doc title="Network Banks - Maximize your growth potential" url="https://elucidate.co/network-banks" markdown="https://elucidate.co/network-banks.md" description="Our products help you strengthen your portfolio of clients, maintain regulatory compliance, and manage risk effortlessly.">
# Network Banks - Maximize your growth potential

Network Banks

Maximize your growth potential and streamline your operations

Our products help you strengthen your portfolio of clients, maintain regulatory compliance, and manage risk effortlessly.

Easily assess and respond to regulatory and sanctions requirements for each client in your network, and incorporate transactional risk into your pricing strategy for a more comprehensive approach to risk management.

Trusted by

Ratings & Payments Scoring

Financial infrastructure for today's finance landscape

Elucidate's mission is to build the market infrastructure for how public and private institutions make decisions and manage financial crime risk.

Price transaction's risk into your products and services

With enhanced risk assessments and detailed reports for each of your clients you can gain a comprehensive understanding of the risk levels across your entire portfolio. Use these risk scores to differentiate pricing, creating a new revenue stream from your riskier clients.

Comply instantly with new regulations and sanctions

Direct your attention towards tasks that focus on growing your business, and rest easy knowing that your risk and compliance framework is constantly being updated to stay current with regulations and sanctions as they arise.

Obtain enhanced risk profiles for every client in your network

Achieve the confidence of enhanced due diligence with low effort and resources with automated processes. Turn every institution's analysis into an in-depth report, regardless of risk profile, with minimal effort and time investment from your team.

"At the moment we have a very good framework and our USD clearing partners refer to us as the blueprint for transparency and quality. A big contribution to this was delivered by Elucidate."

Christoph Lehner

Former Head of Group Compliance at Raiffeisen Bank

Our products

Elucidate provides Financial Institutions with two core products:  
Ratings and Payments Scoring

Ratings

Elucidate's Ratings product offers financial crime risk ratings, intelligence, and analytical tools to small, medium, and global banks.

Apply data-driven analysis to rate the financial crime risk profiles of banks through industry-wide standardized scoring,and bring the credit-risk approach to financial crime risk.



Industry-wide standardized scoring

Establish a uniform risk framework for your organization and compare the risk levels of different institutions within the industry.



Monthly reports with nine risk categories

Obtain regular, detailed insights in a user-friendly format into an institution's risks and weaknesses through the analysis of transactional data.



Comparison charts with filtering and segmentation

Assess and understand market risk appetites and align your business objectives accordingly.

[Learn more about Ratings](https://elucidate.co/portfolio-assessment-tool)

Insights

[Compliance](https://elucidate.co/category/compliance)

[Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory)

The data behind the Elucidate Bank & Firm Directory—Swift's BIC directory, GLEIF and 22 regulator registers—how we standardise and link it, what it does not show, and why an identification layer is only useful if it is current.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Sep 28, 2026

 ·

8

 min read

[Banks](https://elucidate.co/category/banks)

[When a bank's answers disagree with itself: internal inconsistencies in the Wolfsberg CBDDQ](https://elucidate.co/blog/internal-inconsistencies-wolfsberg-cbddq-where-risk-hides)

Internal inconsistencies in the Wolfsberg CBDDQ are not clerical errors — they are signals. We explain why contradictory answers hide risk pockets, and how to catch them at scale.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Jun 26, 2026

 ·

6

 min read

[Compliance](https://elucidate.co/category/compliance)

[Elucidate Partners with Ankura to Transform Financial Crime Compliance Through AI-Powered Risk Intelligence](https://elucidate.co/blog/elucidate-partners-with-ankura-to-transform-financial-crime-compliance-through-ai-powered-risk-intelligence)

Elucidate announces a strategic alliance with Ankura, combining our AI-driven risk platform with their compliance expertise to deliver real-time intelligence and enhanced detection capabilities for financial crime prevention.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Nov 7, 2025

 ·

3

 min read

Transform your partner network into your driver for growth

Speak with our team to understand the impact of data-driven risk analysis on the quality of your portfolio, revenue generation and growth strategy.

[Schedule a call](https://elucidate.co/demo-request)
</doc>

<doc title="Domestic Banks - Control your risk narrative and gain access to new markets" url="https://elucidate.co/domestic-banks" markdown="https://elucidate.co/domestic-banks.md" description="Our products help you understand risk appetites in the market, compare yourself against other players to position yourself competitively and create strategies to grow your business through new partnerships. Gain insights into industry standards and streamline compliance processes to optimize your team and resources.">
# Domestic Banks - Control your risk narrative and gain access to new markets

Domestic Banks

Control your risk narrative and gain access to new markets

Our products help you understand risk appetites in the market, compare yourself against other players to position yourself competitively and create strategies to grow your business through new partnerships.

Gain insights into industry standards and streamline compliance processes to optimize your team and resources.

Trusted by

Ratings & Payments Scoring

Financial infrastructure for today's finance landscape

Elucidate's mission is to build the market infrastructure for how public and private institutions make decisions and manage financial crime risk.

Build and strengthen correspondent relationships

Ensure current relationships with continuous risk assessment of your institution, avoid de-risking and build new partnerships. Thanks to insights of market risk appetites and a holistic view of your risk profile, you can allocate resources to your most urgent key indicators.

Automate your EWRA

Transform your Enterprise Wide Risk Assessments (EWRA) from an irregular, box ticking and resource intensive activity into a continuous, automated and data-driven process that strengthens your organization and provides actionable insights.

Comply instantly with new regulations and sanctions

Direct your attention towards tasks that focus on growing your business, and rest easy knowing that your risk and compliance framework is constantly being updated to stay current with regulations and sanctions as they arise.

Streamline your KYC and accelerate new sales

Simplify the exchange of information during assessments, both for yourself and your counterparts. Save time and resources and start moving projects faster.

"At the moment we have a very good framework and our USD clearing partners refer to us as the blueprint for transparency and quality. A big contribution to this was delivered by Elucidate."

Christoph Lehner

Former Head of Group Compliance at Raiffeisen Bank

Our products

Elucidate provides Financial Institutions with two core products:  
Ratings and Payments Scoring

Ratings

Elucidate's Ratings product offers financial crime risk ratings, intelligence, and analytical tools to small, medium, and global banks.

Apply data-driven analysis to rate the financial crime risk profiles of banks through industry-wide standardized scoring,and bring the credit-risk approach to financial crime risk.



Industry-wide standardized scoring

Establish a uniform risk framework for your organization and compare the risk levels of different institutions within the industry.



Monthly reports with nine risk categories

Obtain regular, detailed insights in a user-friendly format into an institution's risks and weaknesses through the analysis of transactional data.



Comparison charts with filtering and segmentation

Assess and understand market risk appetites and align your business objectives accordingly.

[Learn more about Ratings](https://elucidate.co/portfolio-assessment-tool)

Insights

[Compliance](https://elucidate.co/category/compliance)

[Beyond the BIC: why we built one directory for banks and regulated payment firms](https://elucidate.co/blog/beyond-the-bic-bank-and-firm-directory)

The data behind the Elucidate Bank & Firm Directory—Swift's BIC directory, GLEIF and 22 regulator registers—how we standardise and link it, what it does not show, and why an identification layer is only useful if it is current.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Sep 28, 2026

 ·

8

 min read

[Banks](https://elucidate.co/category/banks)

[When a bank's answers disagree with itself: internal inconsistencies in the Wolfsberg CBDDQ](https://elucidate.co/blog/internal-inconsistencies-wolfsberg-cbddq-where-risk-hides)

Internal inconsistencies in the Wolfsberg CBDDQ are not clerical errors — they are signals. We explain why contradictory answers hide risk pockets, and how to catch them at scale.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Jun 26, 2026

 ·

6

 min read

[Compliance](https://elucidate.co/category/compliance)

[Elucidate Partners with Ankura to Transform Financial Crime Compliance Through AI-Powered Risk Intelligence](https://elucidate.co/blog/elucidate-partners-with-ankura-to-transform-financial-crime-compliance-through-ai-powered-risk-intelligence)

Elucidate announces a strategic alliance with Ankura, combining our AI-driven risk platform with their compliance expertise to deliver real-time intelligence and enhanced detection capabilities for financial crime prevention.

![Elucidate team](https://elucidate.co/images/cms/63d7c2cb253d780626735f5e_60d6050854e1752fb3126319_Author_Elucidate%402x.png)

Nov 7, 2025

 ·

3

 min read

Transform your partner network into your driver for growth

Speak with our team to understand the impact of data-driven risk analysis on the quality of your portfolio, revenue generation and growth strategy.

[Schedule a call](https://elucidate.co/demo-request)
</doc>

<doc title="Elucidate - Download our whitepaper summary" url="https://elucidate.co/whitepaper" markdown="https://elucidate.co/whitepaper.md" description="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.">
# Download our whitepaper summary

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.

The EFI uses institutions’ data to assess the effectiveness of the financial crime risk management controls and their proportionality to inherent risks identified.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

EFI: OUR SCORING ENGINE

A financial crime risk benchmark governed by an ISO 42001-certified AI management system

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.



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.



INDEPENDENT

Every institution is scored on the same data-driven methodology, so you can trust the impartiality and accuracy of the EFI's scores.



RELIABLE

Our ISO 42001-certified AI management system sets governance controls over how the scoring models are built, monitored and changed.



TRANSPARENT

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

<doc title="Rethinking the financial crime risk framework" url="https://elucidate.co/resources/rethinking-the-financial-crime-risk-framework" markdown="https://elucidate.co/resources/rethinking-the-financial-crime-risk-framework.md" description="In absence of standardised effectiveness measurements that lead to different institutions citing different statistics when assessing the impact of their efforts, there is a growing need for robust AML/KYC defences to face the rising levels of financial crime.">
# Rethinking theFinancial Crime Risk Framework

Network intelligence for transparent and effective compliance.

Financial institutions spend globally over US$200 billion on financial crime compliance every year. However, despite the increasing sums of money being allocated and the efforts of global law enforcement, the existing framework for managing AML is grossly underperforming.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

What you will find inside the paper

An open and transparent approach to financial crime risk

To address the challenges presented by the existing flawed AML framework, a new approach is needed.

An approach that provides a way for financial crime risk to be benchmarked in an open way to leverage the network of correspondent banking relationships.



Why current framework  is not working

In-depth analysis of the problems with the current risk-based approach to combat money laundering and terrorist finance activity.



Our data drive engine for better risk processing

How Elucidate's engine, a new data driven approach to managing financial crime risk makes it possible.



A new network based approach

The benefits of migrating to a network based approach moving from bilateral to interconnected relationships.



Uncover the power of your network

How to leverage and maximize the network of correspondent banking relationships.
</doc>

<doc title="[Case study] Effective Risk Management Without De-Risking" url="https://elucidate.co/resources/effective-risk-management-without-de-risking" markdown="https://elucidate.co/resources/effective-risk-management-without-de-risking.md" description="Explore a real-life case study of how we leveraged our client’s data to manage risk, without terminating or restricting any relationships. Learn how you can maximize your risk management effectiveness in correspondent banking, without additional work or costs.">
# Effective Risk Management Without De-Risking

How to leverage your data to better manage risk.

Explore a real-life case study of how we leveraged our client’s data to manage risk, without terminating or restricting any relationships.

Learn how you can maximize your risk management effectiveness in correspondent banking, without additional work or costs.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

Case study details:

**  
Client’s Problem:**  
Our client’s bank provides currency access from European and American clearance markets where its banking activity links to various high-risk legal frameworks and legal standards, especially in the US.

Accompanied with manual screening processes and rapidly changing regulations and restrictions, our client needed help with its compliance framework.

**Our Challenge:**  
Improve our client’s compliance framework without imposing any limitations on its relationships with US institutions.

**Our Solution:**  
Download our case study to find out how we improved the risk management system that not only aligned its internal business functions but also incurred no additional workload or costs to its respondent partners.

[Download Case Study](https://elucidate.co/portfolio-assessment-tool)
</doc>

<doc title="Benchmarking Financial Crime Risk For Individual Firms" url="https://elucidate.co/resources/benchmarking-financial-crime-risk-for-individual-firms" markdown="https://elucidate.co/resources/benchmarking-financial-crime-risk-for-individual-firms.md" description="Benchmarking Financial Crime Risk For Individual Firms: The missing piece of the anti-money laundering puzzle? Despite strengthened regulation and sustained efforts by financial institutions, anti-money laundering outcomes are not being achieved. Because of this, the standard anti-money laundering toolkit itself is being put under the spotlight.">
# Benchmarking Financial Crime Risk For Individual Firms

The missing piece of the anti-money laundering puzzle?

Despite strengthened regulation and sustained efforts by financial institutions, anti-money laundering outcomes are not being achieved. Because of this, the standard anti-money laundering toolkit itself is being put under the spotlight.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

What you will find inside the paper

The missing piece for the AML puzzle

Absence of reliable metrics for financial crime risk means that decision-makers within firms can face misaligned or competing incentive structures. As a result, immediate business priorities can override financial crime risk concerns.



Better approach

Enabling a more focused, outcome-based approach to financial crime risk



Improving processes

Implementing a continuous improvement process in control effectiveness and business management



Leverage data

Taking full advantage of the data already held by your organisation



Alignment of incentives

Achieving alignment of individual incentives with financial crime risk
</doc>

<doc title="Sanctions and war: the impact to financial institutions in a complex landscape" url="https://elucidate.co/resources/managing-sanctions-risk-e-book-download" markdown="https://elucidate.co/resources/managing-sanctions-risk-e-book-download.md" description="Sanctions against FIs continue to grow. Download this e-book to factor sanctions into your current AML programmes and manage sanctions risk effectively.">
# Sanctions and War: the impact to financial institutions in a complex landscape

A guide to managing relationships and reducing risk.

On the 24th of February 2022, Russia invaded Ukraine, wreaking havoc on the nation and its people, whilst broader repercussions have been felt globally, including seismic changes in inflation and supply chain disruptions.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

What you will find inside the ebook

E-book overview: managing sanctions risk

The current sanctions environment is complex and fast-moving, showing little sign of slowing down in light of the current geopolitical issues and tensions.



Global landscape analysis

The global sanctions landscape; from sanctioned institutions to regulatory violations



Risk assessment and management

How to determine your sanctions risk exposure and the benefits of effective sanctions management



Technology challenges and benefits

The operational and technological challenges of managing sanctions



Our innovative approach

Elucidate's product offering and how it supports sanctions risk management.
</doc>

<doc title="Directory of financial institutions: SWIFT/BIC codes, LEIs and licences — Elucidate" url="https://elucidate.co/directory" markdown="https://elucidate.co/directory.md" description="Check who is behind a SWIFT/BIC code or a licence before you onboard a counterparty or route a payment: nearly 80,000 institutions in 231 countries, whether each holds a BIC, its legal entity (LEI), its licences and, for those with a BIC, sanctions listings.">
Directory

# One directory of institutions, with or without a BIC

Confirm who is behind a Business Identifier Code (BIC) or a licence before you onboard a counterparty or route a payment. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

Coverage: every BIC in Swift’s directory, in 231 countries, and 22 tracked registers in 37 countries, as at 23 September 2026.

79,666

Institutions

Active · plus 8,470 inactive

36,468

Hold a BIC

46% of institutions

44,095

On a tracked register

55% of institutions

23,001

LEI mapped

29% of institutions

231

Countries and territories

In 7 regions

### How institutions connect through their groups

Each circle is an institution, each line its link to a parent in GLEIF · the views change in turn until you select one · hover over a circle for detail

#### Group parents

GLEIF records the entity that consolidates each legal entity in its accounts. Joined up, these records form 1,133 groups with two or more institutions in the directory. In 427 of them, the parent at the top is not itself in the directory.

#### Parent in another country

Of the 7,149 active institutions in these groups, 3,776 (53%) are in a different country from the parent at the top of their group.

#### International branches

GLEIF registers 241 institutions in these groups as the international branch of a head office. A branch is part of its head office’s legal entity, not a subsidiary.

#### With and without a BIC

Of the 1,133 groups, 121 combine institutions that hold a BIC with institutions that do not. Sanctions listings are matched on the BIC and the LEI mapped to it, so the 257 institutions in these groups that do not hold a BIC are outside the directory’s sanctions matching.

#### Sanctions listings

Of the 1,133 groups, 15 include an institution on an OFAC or EU sanctions list (28 listed institutions). Their other 12 institutions are not listed themselves. Group links follow consolidation, not ownership, so they do not show whether ownership-based sanctions rules apply.

-   Parent entity · 75 shown
-   Parent not in the directory
-   Subsidiary

The graph shows 498 active institutions in 27 groups: the 12 groups with the most institutions that do not hold a BIC, and the 15 groups that include an institution on an OFAC or EU sanctions list. Each line links an institution to its parent in GLEIF’s relationship records, as at 25 September 2026. These record accounting consolidation, not ownership. The figures in each view’s description cover all 1,133 groups.

View the groups in the graph as a table

| Group | Institutions | Without a BIC | On OFAC or EU lists | Countries |
| --- | --- | --- | --- | --- |
| [BNP Paribas](https://elucidate.co/directory/group/R0MUWSFPU8MPRO8K5P83) | 140 | 4 | 0 | 63 |
| [Banco Santander S.A.](https://elucidate.co/directory/group/5493006QMFDDMYWIAM13) | 92 | 4 | 0 | 36 |
| [Societe Generale](https://elucidate.co/directory/group/O2RNE8IBXP4R0TD8PU41) | 86 | 4 | 0 | 39 |
| [Standard Chartered PLC](https://elucidate.co/directory/group/U4LOSYZ7YG4W3S5F2G91) | 64 | 6 | 0 | 45 |
| [The Western Union Company](https://elucidate.co/directory/group/28ID94QU1140NC23S047) | 15 | 4 | 0 | 12 |
| [Paypal Holdings, Inc.](https://elucidate.co/directory/group/5493005X2GO78EFZ3E94) | 11 | 5 | 0 | 7 |
| [Mastercard Incorporated](https://elucidate.co/directory/group/AR5L2ODV9HN37376R084) | 10 | 4 | 0 | 4 |
| [Stripe Global Holdings Inc.](https://elucidate.co/directory/group/254900VYCQ4K0SLSXF22) | 9 | 5 | 0 | 5 |
| [Nexi SPA](https://elucidate.co/directory/group/5493000P70CQRQG8SN85) | 9 | 7 | 0 | 6 |
| [Adyen N.V.](https://elucidate.co/directory/group/724500973ODKK3IFQ447) | 9 | 4 | 0 | 9 |
| [Paysafe Limited](https://elucidate.co/directory/group/2138003K6PVDCI5TBN11) | 7 | 4 | 0 | 3 |
| [VTB Bank (PJSC)](https://elucidate.co/directory/group/253400V1H6ART1UQ0N98) | 6 | 0 | 4 | 5 |
| [Nium Pte. Ltd.](https://elucidate.co/directory/group/2549001M1QCD7NV2FL63) | 6 | 4 | 0 | 6 |
| [Sberbank](https://elucidate.co/directory/group/549300WE6TAF5EEWQS81) | 4 | 0 | 3 | 3 |
| [State Development Corporation "Veb.Rf"](https://elucidate.co/directory/group/25340076UP17XECUF417) | 3 | 0 | 3 | 2 |
| [Moscow Exchange](https://elucidate.co/directory/group/253400M5M1222KPNWE87) | 3 | 0 | 3 | 1 |
| [Limited Liability Company "Concern "Rossium"](https://elucidate.co/directory/group/253400UBPA9S0ZZHV261) | 3 | 0 | 2 | 1 |
| [Bank Gpb (JSC)](https://elucidate.co/directory/group/253400WSS48YWMBUA688) | 3 | 0 | 3 | 2 |
| [Bcs Holding, Limited Liability Company](https://elucidate.co/directory/group/21380052EDE2C3IEYR60) | 2 | 0 | 1 | 1 |
| [National Bank of the Republic of Belarus](https://elucidate.co/directory/group/253400AAUDQ6NK0HNK41) | 2 | 0 | 1 | 1 |
| [Bank of Russia](https://elucidate.co/directory/group/253400EB56NKL2M3WT18) | 2 | 0 | 1 | 2 |
| [Tkb](https://elucidate.co/directory/group/253400L6NLNGU4FXSB96) | 2 | 0 | 2 | 1 |
| [Bank Sinara](https://elucidate.co/directory/group/253400WD8ULWSUGGXP64) | 2 | 0 | 1 | 1 |
| [Absolut Bank (PAO)](https://elucidate.co/directory/group/253400YGMAHH3EQH3G74) | 2 | 0 | 1 | 1 |
| [Banco de Desarrollo Economico y Social de Venezuela](https://elucidate.co/directory/group/52990049IEUGB01L0409) | 2 | 0 | 1 | 2 |
| [Saman Bank](https://elucidate.co/directory/group/5493004165TIYDN15T27) | 2 | 0 | 1 | 2 |
| [PJSC "Lukoil"](https://elucidate.co/directory/group/549300LCJ1UJXHYBWI24) | 2 | 0 | 1 | 2 |

### The directory at a glance

Every row is the same 79,666 institutions, split by one attribute

Type

-   Money service business 37,500 · 47%
-   Financial institution 28,987 · 36%
-   Non-financial corporate 4,501 · 5.6%
-   Payments & e-money 3,984 · 5%
-   Crypto 2,677 · 3.4%
-   Credit institution 2,017 · 2.5%

Identification

-   [BIC only](https://elucidate.co/directory/search?source=bic,noregister) 35,571 · 45%
-   [BIC and a register licence](https://elucidate.co/directory/search?source=bic,register) 897 · 1.1%
-   [Register only, no BIC](https://elucidate.co/directory/search?source=nobic) 43,198 · 54%

Regulation level

-   [Prudential licence](https://elucidate.co/directory/search?reg=prudential) 4,401 · 5.5%
-   [Small-firm registration](https://elucidate.co/directory/search?reg=registered) 1,741 · 2.2%
-   [AML registration only](https://elucidate.co/directory/search?reg=aml) 39,967 · 50%
-   [Not on a tracked register](https://elucidate.co/directory/search?reg=none) 33,557 · 42%

Region

-   North America 39,589 · 50%
-   Europe & Central Asia 23,491 · 30%
-   East Asia & Pacific 10,578 · 13%
-   Latin America & Caribbean 2,079 · 2.6%
-   Middle East & North Africa 1,752 · 2.2%
-   Other 2,177 · 2.7%

LEI

-   LEI mapped 23,001 · 29%
-   No LEI mapped 56,665 · 71%

View as table

| Attribute | Institutions | Share |
| --- | --- | --- |
| Type |
| Money service business | 37,500 | 47% |
| Financial institution | 28,987 | 36% |
| Non-financial corporate | 4,501 | 5.6% |
| Payments & e-money | 3,984 | 5% |
| Crypto | 2,677 | 3.4% |
| Credit institution | 2,017 | 2.5% |
| Identification |
| BIC only | 35,571 | 45% |
| BIC and a register licence | 897 | 1.1% |
| Register only, no BIC | 43,198 | 54% |
| Regulation level |
| Prudential licence | 4,401 | 5.5% |
| Small-firm registration | 1,741 | 2.2% |
| AML registration only | 39,967 | 50% |
| Not on a tracked register | 33,557 | 42% |
| Region |
| North America | 39,589 | 50% |
| Europe & Central Asia | 23,491 | 30% |
| East Asia & Pacific | 10,578 | 13% |
| Latin America & Caribbean | 2,079 | 2.6% |
| Middle East & North Africa | 1,752 | 2.2% |
| Sub-Saharan Africa | 1,500 | 1.9% |
| South Asia | 677 | 0.8% |
| LEI |
| LEI mapped | 23,001 | 29% |
| No LEI mapped | 56,665 | 71% |

[147](https://elucidate.co/directory#sanctions)

On OFAC or EU lists

Of the 36,468 that hold a BIC

[1,916](https://elucidate.co/directory#systemic)

In a G-SIB group

Institutions that hold a BIC, in 134 countries

[12,865](https://elucidate.co/directory#payments)

Connected to Swift

35% of those that hold a BIC

[1,603](https://elucidate.co/directory#registers)

ECB-supervised

Institutions that hold a BIC, in the euro area

BIC data as at 23 September 2026 (Swift) · registers retrieved 24–25 September 2026 · GLEIF relationships as at 25 September 2026

Coverage and place

## US money service businesses make up more than a third of the directory

The directory lists every institution in Swift’s BIC directory, in 231 countries, and the institutions on 22 tracked registers in 37 countries. The largest register, FinCEN’s MSB Registrant Search, lists 31,128 money service businesses in the United States: 39% of the 79,666 institutions.

That register shapes every total below. Outside the United States, 32,518 of the 44,643 institutions (73%) hold a BIC, and 54% of all institutions that hold a BIC are in Europe and Central Asia. Select a country to open its page.

### Top 15 countries

Institutions, split by whether they hold a BIC · select a country to open its page

### Regions by type

Each bar is 100% of a World Bank region’s institutions, by primary type · total at the end

What they are

## Few payment, crypto and money service firms hold a BIC

Of the 44,161 payment and e-money, crypto-asset and money service firms, 963 (2.2%) hold a BIC. Every financial institution and non-financial corporate holds one: those two types come from Swift’s BIC directory itself.

Types come from Swift’s BIC classification, the licences on the tracked registers, and the ECB and FSB bank lists. The 2,017 credit institutions are those on the ECB or FSB lists; most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.

### Types and what the directory knows about each

Active institutions by primary type · share of each type with each attribute · a stronger fill is a higher share

| Type | Institutions | Hold a BIC | On a tracked register | LEI mapped | Prudentially supervised | Connected to Swiftof those with a BIC | On OFAC or EU listsof those with a BIC |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [Money service business](https://elucidate.co/directory/search?type=msb) Remittance and currency exchange, from their registrations | 37,500 | 0.5%205 | 100%37,492 | 2.3%872 | 0.2%73 | 20%41 | 0%0 |
| [Financial institution](https://elucidate.co/directory/search?type=financial) Financial in Swift’s BIC directory, not on a bank list | 28,987 | 100%28,987 | 0%0 | 50%14,523 | 0%0 | 30%8,763 | 0.7%203 |
| [Non-financial corporate](https://elucidate.co/directory/search?type=nonfinancial) Non-financial in Swift’s BIC directory, typically a corporate treasury | 4,501 | 100%4,501 | 0%0 | 58%2,623 | 0%0 | 55%2,469 | 0%1 |
| [Payments & e-money](https://elucidate.co/directory/search?type=payments) Payment and e-money institutions, from their licences | 3,984 | 17%692 | 99%3,935 | 64%2,534 | 52%2,088 | 22%151 | 0%0 |
| [Crypto](https://elucidate.co/directory/search?type=crypto) Crypto-asset service providers, from their licences | 2,677 | 2.5%66 | 100%2,665 | 17%442 | 8.3%223 | 4.5%3 | 0%0 |
| [Credit institution](https://elucidate.co/directory/search?type=bank) On the ECB or FSB bank lists | 2,017 | 100%2,017 | 0.1%3 | 100%2,007 | 100%2,017 | 71%1,438 | 0.1%3 |

Connection and sanctions data exist only for institutions that hold a BIC; a dash marks a type with none. Sanctions listings are matched on the BIC and its LEI.

How they are identified

## An LEI is mapped for more than half of the institutions that hold a BIC

A BIC identifies where a payment is routed. The Legal Entity Identifier (LEI) identifies the legal entity behind it.

Of the 36,468 institutions that hold a BIC, 20,116 (55%) have an LEI mapped, against 2,885 (7%) of the 43,198 that do not. Outside the United States, 20,639 of 44,643 institutions (46%) have one.

However, the two LEI rates are not directly comparable. LEIs of institutions that hold a BIC come from the Swift and GLEIF BIC-to-LEI file; for the others, Elucidate matches register records to GLEIF.

In a Swift cross-border ISO 20022 payment message (CBPR+), an institution without a BIC is identified by its name and postal address. Its LEI can be added. An LEI is mapped for 64% of payment and e-money institutions, 17% of crypto-asset service providers and 2.3% of money service businesses.

### LEI mapped, by region

Share of the institutions that hold a BIC with an LEI mapped, by World Bank region

### BIC codes

The identifiers of the institutions that hold a BIC, in Swift’s ISO 9362 directory

- **BIC codes:** 110,180 for 36,468 institutions
- **Branch codes:** 73,913
- **Head-office BIC only:** 89% of institutions that hold a BIC

Each country page lists every BIC code registered there, with a CSV download.

How they are regulated

## Most institutions on a tracked register are registered for AML only

Of the 44,095 institutions on a tracked register, 39,967 (91%) are registered with an anti-money-laundering supervisor without a prudential licence. Outside the United States the share is 68% (8,869 of 12,997). A registration is not an authorisation.

Another 4,401 institutions are prudentially supervised, through a licence on a tracked register or the ECB or FSB bank lists. The 33,557 that are not on a tracked register all hold a BIC. Bank licences granted by national supervisors are not tracked yet, so this does not mean that they are unregulated.

In the euro area, the ECB directly supervises 805 institutions that hold a BIC as significant institutions. Another 798 are less significant institutions, supervised by national authorities within the Single Supervisory Mechanism.

### Institutions by register

Institutions with an active licence or registration on each register, split by whether they hold a BIC · select one to open its page

### ECB significant institutions by country

Institutions that hold a BIC and that the ECB supervises directly · select a country to open its page

Sanctions

## Most sanctioned institutions are in Russia

Of the 36,468 institutions that hold a BIC, 147 appear on the OFAC or EU sanctions lists. Of these, 74% are in Russia, and 99 were first listed between 2022 and 2024, following Russia’s full-scale invasion of Ukraine.

Sanctions listings are matched on the BIC and on the LEI mapped to it, so they cover institutions that hold a BIC only. Institutions that do not hold a BIC are not screened. Listings are not the only exposure: some countries are subject to comprehensive embargoes or sector-wide financial sanctions, which apply to every institution there.

### Institutions first listed, by year

Earliest OFAC or EU designation per institution

### Listed institutions by country

Institutions cited on the OFAC or EU lists · select a country to open its page

### The OFAC programmes behind the listings

Institutions per sanctions programme · one institution can fall under several

### Countries under embargo or broad sanctions

Measures that apply at country level, to every institution there, whether or not one is listed

### Listed institutions with the most branch codes

By branch codes in the directory · select one to open its page

Groups and systemic importance

## G-SIB groups have institutions in more than half of all countries

Through branches and subsidiaries, the 29 global systemically important banks (G-SIBs) on the Financial Stability Board’s 2025 list account for 1,916 institutions that hold a BIC, in 134 countries. Each group holds extra capital according to its bucket.

GLEIF records 1,133 corporate groups with two or more institutions in the directory. Of these, 121 combine institutions that hold a BIC with institutions that do not.

### G-SIB groups by footprint

Countries where each group has an institution that holds a BIC · select one to open the group

### Groups by bucket

G-SIB groups per bucket · a higher bucket carries a larger capital surcharge

### Groups with institutions with and without a BIC

Largest by institutions without a BIC · select one to open the group

Payments & connectivity

## Most SEPA institutions now accept instant credit transfers

Payment-scheme and Swift network data exist only for the 36,468 institutions that hold a BIC.

Of the 1,927 institutions reachable for SEPA Credit Transfer, 66% also accept SEPA Instant Credit Transfer. Verification of Payee, which the EU Instant Payments Regulation has required for euro credit transfers since 9 October 2025, is offered by 1,236.

Outside the SEPA schemes, 1,160 institutions in 146 countries are Swift GPI members. GPI tracks cross-border payments end to end.

A BIC does not imply a connection to the Swift network. Of the institutions that hold a BIC, 51% are passive participants: their BIC is registered for identification only, and messages reach them through a correspondent.

### Reach by payment scheme

Institutions that hold a BIC, registered with the EPC schemes and the ECB’s T2 · select one to list them

### Institutions by connection type

Institutions that hold a BIC · read from the eighth character of the BIC: `1` marks a passive participant, `2` reverse billing

### Swift GPI members by country

Institutions that hold a BIC, matched to Swift’s member list · live members first · select a country to open its page

Growth

## Corporates register a growing share of new BIC codes

Since 2015, non-financial corporates have registered 11% of the BIC codes registered each year. Before 2005, they registered almost none. More corporate treasuries now connect to Swift directly.

In the 12 months to 23 September 2026, 2,628 BIC codes were registered. Growth is shown for BIC codes only: the tracked registers do not publish comparable registration dates for every institution.

### New BIC codes per year

BIC codes by year registered, financial and non-financial

Browse

## Browse the directory by country, register or group

Open a country, a register or a corporate group to see its institutions, with and without a BIC. Each country page lists every BIC code registered there, as a CSV.

### Countries and territories

Institutions, registers, groups and sanctions status for each country

[All countries and territories →](https://elucidate.co/directory/country)

### Registers, groups and search

The same institutions, by the register that lists them or the group that consolidates them

-   [All 22 registers →](https://elucidate.co/directory/register)
-   [All 1,133 corporate groups →](https://elucidate.co/directory/group)
-   [Search all institutions →](https://elucidate.co/directory/search)

## Sources & method

Every value comes from a public source: Swift’s ISO 9362 BIC directory, GLEIF, the regulator registers below, the ECB and FSB lists and the OFAC and EU sanctions lists. A register record joins an institution that holds a BIC only through a shared LEI, never by name alone.

Sanctions listings are matched on the BIC and on the LEI mapped to it, so they cover institutions that hold a BIC only. A missing match does not mean that no listing or licence applies. Always screen against the official lists.

Registers, by publisher

-   **Financial Crimes Enforcement Network (FinCEN)** — MSB Registrant Search, retrieved 24 September 2026.
-   **Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)** — Money Services Business Registry, retrieved 25 September 2026.
-   **Australian Transaction Reports and Analysis Centre (AUSTRAC)** — Remittance Sector Register (RSR), retrieved 24 September 2026.
-   **European Banking Authority (EBA)** — EBA PSD2 Register, retrieved 25 September 2026.
-   **Financial Conduct Authority (FCA)** — 2 registers, retrieved 25 September 2026.
-   **HM Revenue & Customs (HMRC)** — HMRC MLR Supervised Business Register, retrieved 24 September 2026.
-   **Customs and Excise Department (C&ED), Hong Kong** — Register of Money Service Operators (AMLO Cap. 615), retrieved 25 September 2026.
-   **Monetary Authority of Singapore (MAS)** — 3 registers, retrieved 25 September 2026.
-   **European Securities and Markets Authority (ESMA)** — ESMA interim MiCA register of crypto-asset service providers, retrieved 25 September 2026.
-   **Central Bank of the UAE (CBUAE)** — 6 registers, retrieved 24 September 2026.
-   **Financial Services Regulatory Authority (FSRA), ADGM** — FSRA Public Register - Firms, retrieved 25 September 2026.
-   **Securities and Futures Commission (SFC), Hong Kong** — List of licensed virtual asset trading platforms, retrieved 25 September 2026.
-   **Hong Kong Monetary Authority (HKMA)** — 2 registers, retrieved 25 September 2026.

BIC data as at 23 September 2026. Of all BIC codes, 40% were last updated in 2024 or later. Registers retrieved 24–25 September 2026. GLEIF relationships as at 25 September 2026.

[Read the methodology →](https://elucidate.co/directory/methodology)

## Assess the financial crime risk behind a counterparty

A BIC or a licence identifies an institution. It does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.

[Book a demo](https://elucidate.co/demo-request) [Read about the FinCrime Index →](https://elucidate.co/ratings)

## From Elucidate research

-   [Correspondent banking What the Danske Bank scandal can teach us about financial crime risk management in correspondent banking](https://elucidate.co/blog/what-the-danske-bank-scandal-can-teach-us-about-financial-crime-risk-management-in-correspondent-banking)
-   [Correspondent banking What are the risks and limitations of the correspondent banking system?](https://elucidate.co/blog/what-are-the-risks-and-limitations-of-the-correspondent-banking-system)
-   [Sanctions What the sanctions on Russia mean for financial institutions](https://elucidate.co/blog/what-the-sanctions-on-russia-mean-for-financial-institutions)
-   [Due diligence Sanctions risks: KYC challenges and how to overcome them](https://elucidate.co/blog/sanctions-risks-kyc-challenges-and-how-to-overcome-them)

SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT. Directory and gpi data are drawn from SWIFT's public sources and shown for information only. Register data is drawn from the public registers of the regulators named under Sources & method; Elucidate is not affiliated with them. Elucidate does not provide payment or other financial services.
</doc>

<doc title="About Elucidate" url="https://elucidate.co/about" markdown="https://elucidate.co/about.md" description="On a mission to rid the earth of financial crime through better data and analytics for financial institutions.">
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)
</doc>

<doc title="Contact — Elucidate" url="https://elucidate.co/contact" markdown="https://elucidate.co/contact.md" description="Talk to the team behind the ISO 42001 and ISO 27001 certified financial-crime decisioning platform. Sales, support, press — direct lines, fast replies.">
Inbox open ELUCIDATE / CONTACT · BERLIN · 09:00–18:00 CET Avg reply · 1 business day

Talk to a human

# We'd rather hear from you than guess what you need.

General questions, partnership ideas, a quiet second opinion on a counterparty — this inbox lands with the people who'd actually answer. _Sales, support, and press_ have their own direct lines, just below.

- **Headquarters:** Kolonnenstraße 8 · 10827 Berlin, Germany
- **General inbox:** [contact@elucidate.co](mailto:contact@elucidate.co)
- **Direct line:** [+49 30 4036 3757](tel:+493040363757) · _Mon–Fri_
- **Careers:** See [open roles](https://elucidate.factorialhr.co/) on Factorial

Confidential · never shared, never sold.

MSG-2026/06 PRIVATE · ENCRYPTED

## Send us a note

A few lines is enough. We'll reply from a real address, within one business day.

**ISO 42001** certified **ISO 27001** certified **GDPR** compliant

— Direct lines

## Three doors, depending on why you're here.

Skip the general inbox if you already know who you need. These addresses route straight to the team that owns the answer — no triage in between.

1.  01 For prospects

    ### Sales & partnerships.

    Questions about the platform, pricing, integration paths, or whether we're a fit for your portfolio. A specialist will scope a call from your first message.

    -   Platform fit
    -   Integrations
    -   Pilots

    [sales@elucidate.co](mailto:sales@elucidate.co)

2.  02 For customers

    ### Platform support.

    Existing customer with a question about a report, a data flow, or a model output? The support desk replies fast and follows up until it's solved.

    -   Report queries
    -   Data integrations
    -   Methodology

    [support@elucidate.co](mailto:support@elucidate.co)

3.  03 For media

    ### Press & analysts.

    Interviews, commentary on a developing story, or background on financial-crime risk. Our spokespeople are based in Berlin and London and can usually turn around within the day.

    -   Press inquiries
    -   Analyst briefings
    -   Commentary

    [press@elucidate.co](mailto:press@elucidate.co)

Find us

## A studio in Berlin.

Doors open by appointment. If you're in town, we'd be glad to put the kettle on.

- **Address:** Kolonnenstraße 8 10827 Berlin Germany
- **Phone:** [+49 30 4036 3757](tel:+493040363757)
- **Hours:** Mon–Fri · 09:00–18:00 _CET_
- **Careers:** [All open roles →](https://elucidate.factorialhr.co/)
</doc>

<doc title="For AI agents — Elucidate" url="https://elucidate.co/for-agents" markdown="https://elucidate.co/for-agents.md" description="Every public page on elucidate.co is available as Markdown for AI agents and LLM tools. Append .md to a page URL, send Accept: text/markdown, or start from llms.txt.">
Machine-readable access · elucidate.co Markdown · llms.txt

For AI agents

# Every page, also in Markdown

Each public page on elucidate.co has a Markdown version at the same address, with `.md` appended. It carries the page’s main content only. Navigation, scripts and forms are left out.

## Access methods

[.md](https://elucidate.co/for-agents#by-url)

Suffix for any page address

[Accept](https://elucidate.co/for-agents#by-header)

text/markdown content negotiation

[llms.txt](https://elucidate.co/llms.txt)

Curated index of the site

[llms-full.txt](https://elucidate.co/llms-full.txt)

Core pages in one file

By address

## Append .md to a page address

Add `.md` to the end of any page address to get its Markdown version. The home page is `/index.md`. An address that ends in a slash takes `index.md`.

| Page | Markdown version |
| --- | --- |
| https://www.elucidate.co/ | [https://www.elucidate.co/index.md](https://elucidate.co/index.md) |
| https://www.elucidate.co/eli | [https://www.elucidate.co/eli.md](https://elucidate.co/eli.md) |
| https://www.elucidate.co/blog/risk-based-pricing-baft | [https://www.elucidate.co/blog/risk-based-pricing-baft.md](https://elucidate.co/blog/risk-based-pricing-baft.md) |
| https://www.elucidate.co/directory/deutsche-bank-ag-deutdeff | [https://www.elucidate.co/directory/deutsche-bank-ag-deutdeff.md](https://elucidate.co/directory/deutsche-bank-ag-deutdeff.md) |

Pages of the Bank & Firm Directory follow the same rule, including its search results. How to address the directory is [set out below](https://elucidate.co/for-agents#directory).

By header

## Or ask for Markdown with the Accept header

Request the normal page address with `Accept: text/markdown`. The response is the Markdown version, sent as `text/markdown`, with a `Content-Location` header that gives its `.md` address.

```
$ curl -H "Accept: text/markdown" https://www.elucidate.co/eli
---
title: "Eli – Autonomous Compliance Agent | Elucidate"
url: https://www.elucidate.co/eli
---

# Meet Eli. Your compliance never sleeps.
…
```

Browsers do not send this header, so they receive HTML as before. If a request ranks `text/html` above `text/markdown`, the response is HTML. Responses vary on `Accept`.

Discovery

## Start from llms.txt

The site publishes an index for language models in the [llms.txt format](https://llmstxt.org/). Its links point to Markdown versions.

-   ### [/llms.txt](https://elucidate.co/llms.txt)

    A curated index of the site: products, solutions, resources and company pages, each with a one-line summary.

    [Open](https://elucidate.co/llms.txt)

-   ### [/llms-full.txt](https://elucidate.co/llms-full.txt)

    The Markdown of the core pages in one file: products, solutions, company and resources. Each page is wrapped in a `<doc>` element that gives its address. Blog posts and press releases are not included. Fetch them individually as Markdown.

    [Open](https://elucidate.co/llms-full.txt)

-   ### [/sitemap.xml](https://elucidate.co/sitemap.xml)

    Every indexed page address, including each institution, branch code, country, register and group page of the directory.

    [Open](https://elucidate.co/sitemap.xml)

-   ### In every page

    A `<link rel="alternate" type="text/markdown">` element in the HTML head, and a “View as Markdown” link in the footer.

Format

## What each Markdown file contains

Every file is generated from the published page, so the two always match. When you cite a page, use the `url` from its front matter.

Front matter

YAML with `title`, `description` and `url`, the canonical address of the HTML page.

Main content

Headings, text, lists, tables and links. Navigation, the footer, forms and scripts are removed.

Absolute links

Links give canonical page addresses. Append `.md` to follow one as Markdown.

Open to fetch

UTF-8 `text/markdown`, readable cross-origin. Each file names its HTML page as canonical, so search engines index the page.

Directory

## Look up an institution by its identifier

The [Bank & Firm Directory](https://elucidate.co/directory) is one dataset of institutions. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.

Each institution has one page, and each page has a Markdown version. The directory identifies institutions. It is not a risk assessment.

### Institution pages

| Address | Page |
| --- | --- |
| [/directory/deutsche-bank-ag-deutdeff](https://elucidate.co/directory/deutsche-bank-ag-deutdeff) | An institution that holds a BIC: its name as a slug, then the BIC8. |
| [/directory/deutsche-bank-ag-deutdeff-500](https://elucidate.co/directory/deutsche-bank-ag-deutdeff-500) | A branch code: the institution’s address, then the three-character branch code. |
| [/directory/wise-payments-canada-inc-a99cd1950ab3](https://elucidate.co/directory/wise-payments-canada-inc-a99cd1950ab3) | An institution that holds no BIC: its name as a slug, then its 12-character directory id. |
| /directory/DEUTDEFF /directory/DEUTDEFF500 /directory/7LTWFZYICNSX8D621K86 /directory/a99cd1950ab3 | A bare BIC8, BIC11, LEI or directory id. The page is served at that address and names the slug address as canonical. |
| /directory/M15193392 | A licence number or a name. It redirects (301) to the page. |

An identifier or name shared by several institutions returns a list to choose from, for example [/directory/wise-payments-limited](https://elucidate.co/directory/wise-payments-limited). A licence held by an institution with a BIC redirects to the licences section of that institution’s page (`#licences`). Slugs follow the name, so store the identifier or the canonical address.

Every institution and branch page shows how to identify it in an ISO 20022 payment message (`#iso20022`), as fenced XML in the Markdown version. With a BIC, it gives the CBPR+ `<FinInstnId>` block (BIC, LEI, clearing code) and a full record that adds Swift’s name and address. Without one, the block holds the register’s name and address, the LEI and any matching clearing code.

### Country, register and group pages

| Address | Page |
| --- | --- |
| [/directory](https://elucidate.co/directory) | The whole directory: how many institutions there are, where they are, and how they are identified and regulated. |
| [/directory/country](https://elucidate.co/directory/country) [/directory/country/de](https://elucidate.co/directory/country/de) | All countries, and one page per country, keyed by the lower-case ISO 3166 code. |
| [/directory/register](https://elucidate.co/directory/register) [/directory/register/fca-emi](https://elucidate.co/directory/register/fca-emi) | The tracked registers, and one page per register, keyed by the lower-case register code. |
| [/directory/group](https://elucidate.co/directory/group) [/directory/group/MLU0ZO3ML4LN2LL2TL39](https://elucidate.co/directory/group/MLU0ZO3ML4LN2LL2TL39) | Corporate groups as reported to GLEIF, 100 per page (`?page=2`), and one page per group, keyed by the upper-case LEI of its head. |
| [/directory/search?q=wise](https://elucidate.co/directory/search?q=wise) | Search with filters (see [the parameters](https://elucidate.co/for-agents#directory-api)). Search pages are not indexed. |
| [/directory/methodology](https://elucidate.co/directory/methodology) | The sources, how records are matched, what the data does not show and how to correct a record. |

Append `.md` to any of these addresses for Markdown, for example [/directory/country/de.md](https://elucidate.co/directory/country/de.md) or [/directory/search.md?q=wise](https://elucidate.co/directory/search.md?q=wise), or send `Accept: text/markdown`. A redirect keeps the `.md` suffix.

Directory API

## Search the directory as JSON

`GET /api/directory/search` takes the same parameters as the search page and returns JSON. It is open to cross-origin requests. Results cover active institutions unless you set `status`.

| Parameter | Values |
| --- | --- |
| q | A name, BIC, LEI or licence number. On the search page, an identifier or a unique name with no other filter redirects to the institution’s page. |
| source | Two yes/no attributes: `bic` or `nobic` (holds a BIC), and `register` or `noregister` (is on a tracked register). Values of one attribute match either. The two attributes combine: `source=bic,register` returns institutions that hold a BIC and are on a tracked register. |
| type | `bank` (credit institution), `payments` (payments and e-money), `crypto`, `msb` (money service business), `financial` (financial institution), `nonfinancial` (non-financial corporate). |
| reg | Regulation level: `prudential` (licensed), `registered` (small-firm registration), `aml` (AML registration only), `none` (not on a tracked register). |
| status | `a` (active, the default), `i` (marked inactive on its register) or `all`. |
| cc | Country, as an ISO 3166 code: the BIC country or a country where the institution holds a licence. |
| hq | Head-office country, as published by the register. |
| register | Register code, for example `fca-emi`. |
| act | Licensed activity, for example `remittance`, `fx`, `payments`, `emoney` or `crypto`. |
| flag | `sanctioned`, `gsib`, `ssm`, `gpi`, `sepa`, `t2`, `swift`, `licensed`, `casp`, `mic`, `bankcode`, `lei`. Every flag given must hold. |
| page | Search page only: 25 results per page. |
| limit offset | API only: 1–50 results (default 12), starting at `offset`. |

Separate several values with commas: `type=crypto,msb` matches either type.

```
$ curl "https://www.elucidate.co/api/directory/search?q=TRWIGB2B"
{
  "query": "TRWIGB2B", "total": 1, "offset": 0,
  "results": [{
    "kind": "institution", "key": "TRWIGB2B", "name": "WISE PAYMENTS LIMITED",
    "cc": "GB", "country": "United Kingdom",
    "url": "/directory/wise-payments-limited-trwigb2b",
    "types": ["payments"], "reg": "prudential", "status": "A",
    "lei": "213800U4GNTXRFYZKG18", "registers": ["FCA-EMI"],
    "flags": ["gpi", "swift", "licensed", "lei"],
    "bic8": "TRWIGB2B", "branches": 0, "connectivity": "connected",
    "swiftType": "FIIN", "licences": 1, "link": "merged", "head": null,
    "sanctions": { "scope": "bic", "ofac": null, "eu": false, "country": null }
  }],
  "facets": { "source": {…}, "type": {…}, "reg": {…}, "status": {…}, … },
  "profile": { "total": 1, "bic": 1, "noBic": 0, "register": 1, "lei": 1, … }
}
```

### What a response contains

| Field | Meaning |
| --- | --- |
| total offset results | The number of matches, the offset of this batch and the results in it. |
| facets | Counts per value of each parameter. Each count applies every other filter. |
| profile | The whole matching set: how many institutions, how many hold a BIC (`bic`, `noBic`), are on a tracked register (`register`) or have an LEI mapped (`lei`), and counts by type, regulation level and region. Inactive matches are counted separately. |
| kind key | `institution`: holds a BIC, and the key is its BIC8. `firm`: on a tracked register and holds no BIC, and the key is its directory id. |
| name, cc, country, url | The name as published by Swift or the register, the country, and the page address. `url` is null for an institution listed without a page. |
| types, reg, status | Type, regulation level, and `A` (active) or `I` (inactive on its register). |
| lei, registers, flags | The LEI (null when none is mapped), the codes of the registers that list its licences, and its flags. |
| bic8, branches, connectivity, swiftType, licences, head | Institutions that hold a BIC: the BIC8, the number of branch codes, the connection to Swift, financial (`FIIN`) or non-financial (`NFIN`), the number of licences shown on its page, and the address of the page that shows its legal entity’s licences when that is another BIC’s page. |
| sanctions | Institutions that hold a BIC only: `scope` (`bic`), the OFAC list that cites it (`SDN` or `NON-SDN`), whether the EU list cites it, and the country’s sanctions level (`embargo` or `broad`). |
| id, tradingNames, hq, licences, bics, mainLicence, statusDetail, inactiveSince, leiMethod | Institutions without a BIC: the directory id, trading names, head-office country, the number of licences and of BIC8s mapped to its LEI, the main licence (register, number, type, regulator, status), the register’s status text, the date it became inactive, and how the LEI was matched. |
| link | `merged`: register entries of the same legal entity are merged into this page. `same-lei`: other institutions share its LEI, each on its own page. Otherwise null. |

A response carries only these fields. Sanctions listings are matched on the BIC and its LEI. Institutions without a BIC are not screened, so their results have no `sanctions` field. A missing field is not a result: screen against the official lists before you rely on one.

### Earlier addresses

The bank and firm pages moved into one section. Their earlier addresses redirect permanently (301).

| Earlier address | Now |
| --- | --- |
| /bank-directory | /directory |
| /bank/<page> /firm/<page> | /directory/<page> |
| /bank /firm | /directory/search |
| /api/banks/search /api/firms/search | /api/directory/search |
| /og/bank/<key>.png | /og/directory/<key>.png |
| /directory-sources /directory/sources | /directory/methodology |

Instructions

## Instructions to give an agent

Add these lines to an agent’s system prompt or project instructions, for example `AGENTS.md` or `CLAUDE.md`.

```
To read www.elucidate.co, fetch pages as Markdown:
- append .md to the page URL, e.g. https://www.elucidate.co/eli.md
  (the home page is https://www.elucidate.co/index.md), or
- request the normal URL with the header "Accept: text/markdown".
Start from https://www.elucidate.co/llms.txt for an index of the site.
To look up a bank or regulated firm, fetch
https://www.elucidate.co/directory/<BIC8, BIC11 or LEI>.md, or query
https://www.elucidate.co/api/directory/search?q=<name or identifier> (JSON).
```

Questions

## Talk to us about automated access

For questions about automated use of this site, or about the Elucidate platform API, contact our team.

[Contact us](https://elucidate.co/contact)
</doc>

<doc title="Coherence Assessment" url="https://elucidate.co/coherence-assessment" markdown="https://elucidate.co/coherence-assessment.md">
# Coherence Assessment

The Coherence Assessment module by Elucidate is engineered to decipher the intricate history of your transactions, offering an advanced perspective on inter-party dynamics. This module is not just processing transactions; it i's interpreting the story they tell.

[Request more information](https://elucidate.co/portfolio-assessment-tool)

Key benefits



Historical Transaction Tracking

Improve your risk assessment accuracy with our module's tracking, which reveals the full backstory of the flows between two entities, enabling a thorough grasp of transactional relationships.



Predictive Analytical Networking

With our sophisticated ML algorithms, trace the financial DNA of transactions to detect underlying patterns between interconnected entities. By analyzing shared transactional histories, we empower you with predictive insights that could redefine your risk management strategies.



Granular Transaction Feature Analysis

Delve deeper with our analysis of transaction frequency, volume, and value, key indicators that provide a granular look at transactional behavior, and its implications for your risk framework.



Enhanced STP Rates

By improving the clarity and coherence of transactional data, our module significantly enhances the rate of straight-through processing (STP). This efficiency boost not only accelerates transaction times but also minimizes manual interventions, streamlining your operational workflow.

[Elucidate’s Risk Module Builder](https://elucidate.co/modular-ecosystem)

[Data Completeness](https://elucidate.co/data-completness)

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Coherence Assessment](https://elucidate.co/coherence-assessment)

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Prohibited Activities](https://elucidate.co/high-risk-activities)

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Investigative Analysis](https://elucidate.co/investigative-analysis)

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Risk Quantification](https://elucidate.co/risk-quantification)

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

Uncover the transactional patterns in your financial data

Uncover the transactional patterns in your financial data and lead with data-driven decision-making with our Coherence Assessment module.

[Explore Coherence Assessment  with Elucidate](https://elucidate.co/demo-request)
</doc>

<doc title="Data Completness" url="https://elucidate.co/data-completness" markdown="https://elucidate.co/data-completness.md">
# Data Completeness

Elucidate's Data Completeness module ensures data quality in every transaction, laying the groundwork for impeccable data quality. It confirms that every transaction is fully documented and aligned with ISO 20022 and FATF Recommendation 16 standards.

[Request more information](https://elucidate.co/portfolio-assessment-tool)

Key benefits



Historical Transaction Tracking

Improve your risk assessment accuracy with our module's tracking, which reveals the full backstory of the flows between two entities, enabling a thorough grasp of transactional relationships.



Predictive Analytical Networking

With our sophisticated ML algorithms, trace the financial DNA of transactions to detect underlying patterns between interconnected entities. By analyzing shared transactional histories, we empower you with predictive insights that could redefine your risk management strategies.



Granular Transaction Feature Analysis

Delve deeper with our analysis of transaction frequency, volume, and value, key indicators that provide a granular look at transactional behavior, and its implications for your risk framework.



Enhanced STP Rates

By improving the clarity and coherence of transactional data, our module significantly enhances the rate of straight-through processing (STP). This efficiency boost not only accelerates transaction times but also minimizes manual interventions, streamlining your operational workflow.

[Elucidate’s Risk Module Builder](https://elucidate.co/modular-ecosystem)

[Data Completeness](https://elucidate.co/data-completness)

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Coherence Assessment](https://elucidate.co/coherence-assessment)

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Prohibited Activities](https://elucidate.co/high-risk-activities)

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Investigative Analysis](https://elucidate.co/investigative-analysis)

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Risk Quantification](https://elucidate.co/risk-quantification)

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

Deploying Elucidate’s Data Completeness module

The first step in a modular journey towards an integrated, holistic view of your organization's transactional health. Start with what you need, and expand as you go, for a fully scalable solution that adapts to your evolving risk management landscape.

[Explore Data Completeness with Elucidate](https://elucidate.co/demo-request)
</doc>

<doc title="High-Risk Activities" url="https://elucidate.co/high-risk-activities" markdown="https://elucidate.co/high-risk-activities.md">
# Prohibited Activities

This module is designed to identify and manage transactions that fall within high-risk categories, helping you safeguard your institution with precision, ensure your operations align with regulatory expectations and your own risk thresholds.

[Request more information](https://elucidate.co/portfolio-assessment-tool)

Key benefits



Advanced Detection Capabilities

The module identifies transactions associated with elevated risk levels, enabling a preemptive approach to compliance and risk mitigation.



Streamlined Review Process

Integrate alerts for transactions that require detailed scrutiny, balancing automation with essential human insight to enhance decision-making processes. Additionally, implement real-time blocking of egregious transactions, ensuring immediate action against high-risk activities.



Custom Risk Parameters

Dynamically tailor the module to reflect your institution’s risk appetite, with customizable settings that define what constitutes high-risk activity, ensuring that your operations remain nimble and responsive.



Operational Integrity Assurance

This module not only identifies but actively prevents the processing of transactions deemed high-risk in real-time, reinforcing your commitment to maintaining the highest standards of financial integrity and regulatory adherence.

[Elucidate’s Risk Module Builder](https://elucidate.co/modular-ecosystem)

[Data Completeness](https://elucidate.co/data-completness)

Guarantees a comprehensive data foundation by verifying that all essential information is complete and accurate, forming the bedrock for robust risk analysis.

[Coherence Assessment](https://elucidate.co/coherence-assessment)

Analyzes the consistency and coherence of your clients to validate its reliability, paving the way for sound risk judgments.

[Prohibited Activities](https://elucidate.co/high-risk-activities)

Actively scans and flags any transactions or activities that may contravene regulatory standards, preventing compliance breaches and safeguarding reputational integrity.

[Investigative Analysis](https://elucidate.co/investigative-analysis)

Digs into past transactional behaviors to uncover patterns and trends, offering a historical lens to enhance the predictive accuracy of your risk models.

[Risk Quantification](https://elucidate.co/risk-quantification)

Synthesizes diverse risk indicators into a unified, numerical risk score, providing clear metrics for evaluating and comparing risk profiles across the board.

Adopt the High-Risk Activities Module

For a proactive stance in your transactional oversight, and risk management excellence.

[Explore High-Risk Activities  with Elucidate](https://elucidate.co/demo-request)
</doc>

<doc title="Nesting Break-even Calculator — Model your pre-validation margin | Elucidate" url="https://elucidate.co/nesting-breakeven-calculator" markdown="https://elucidate.co/nesting-breakeven-calculator.md" description="Model the monthly cost, revenue and break-even point of running nested transaction processing, with and without Elucidate's real-time pre-validation.">
Nesting pre-validation

# Model your nesting break-even and margin.

Model the monthly cost, revenue and break-even point of running nested transaction processing — with and without Elucidate’s real-time pre-validation. Change the blue inputs below to match your own book.

[Open the calculator](https://elucidate.co/nesting-breakeven-calculator#calculator) [Request a demo](https://elucidate.co/demo-request)

Real-time pre-validation Fewer stopped payments & RFIs Break-even in monthly volume

Break-even monthly volume

—

Nested payments / month where annual savings cover the platform fee.

Annual margin improvement

—

Before the annual platform fee (×12).

Per month

Without Elucidate

With Elucidate

Stopped payments (count)

—

RFIs (count)

—

Friction cost

—

Elucidate per-transaction fees

—

Revenue

—

Net monthly margin

—

Monthly margin improvement

—

With Elucidate vs. without, this month.

Advanced · view scenario stop & RFI rates ▾

These fixed rates drive the model. Each row is a counterparty tier; the highlighted row is the one selected above. Values are percentages of monthly volume.

| Scenario | Stop rate without | RFI rate without | Stop rate with | RFI rate with |
| --- | --- | --- | --- | --- |
| Low |  |  |  |  |
| Standard |  |  |  |  |
| High |  |  |  |  |

How the model works

## The maths behind your break-even.

01 · Friction

Stops & RFIs cost you

Each tier implies a share of your monthly volume that gets stopped or triggers an RFI. Multiplied by your cost-per-event, that is the friction eating your nested-payment margin.

02 · Pre-validation

Fewer events, a small fee

Real-time pre-validation sharply lowers stop and RFI rates. In exchange you pay a per-transaction fee. Net margin with Elucidate is revenue minus the reduced friction, minus those fees.

03 · Break-even

Where it pays for itself

Break-even volume is the monthly nested-payment count at which the annual margin improvement — net of the per-transaction fee — covers Elucidate’s annual platform fee.

Interested?

## Let’s run this on your book.

A 30-minute walk-through of nesting pre-validation against a sample of your own flows — with indicative pricing calibrated to your volumes.

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

— or read more · [See the Ratings](https://elucidate.co/ratings) · [For Operations](https://elucidate.co/for-operations)
</doc>

<doc title="Operations" url="https://elucidate.co/operations" markdown="https://elucidate.co/operations.md">
# Where Operations teams go to build their most efficient risk management models

_Meet your process targets without compromising on compliance. With Elucidate’s Risk Module Builder, create the most efficient transaction monitoring and processing tool, designed for safer payments growth and scalability._

[Build your data model](https://elucidate.co/demo-request)

## Get the most out of your existing data and tools to build efficient risk models

#### % increase in risk detection efficiency

Safely process more risk-free transactions and speak the language of your compliance team

#### <4 weeks for time to value

Detect and remediate risks faster by getting up and running with Elucidate in under a month

#### X % more clients onboarded on average

Safely onboard good-fit customers, with risk decision confidence

## How Operations teams use Elucidate It’s as easy as:

Step - 1

Step - 2

Step - 3

Upload your transaction and customer data

Overcome manual data processes, by uploading your client and transaction data easily into Elucidate, either via batch or using our API.

Build your own data model

Choose the modules most suited to your needs to build your customized model: from Data Completeness, designed to verify the accuracy of your transaction data, to Activity Checks, which scans and flags transactions that contravene regulatory standards.

View your outputs in the way you want to see it

Our API integrates seamlessly with your existing tools, helping you interpret the data to rapidly support better quality decision-making. See your data on your own terms; whether directly in your CRM or productivity software or via 3rd-party builds, you so can safely process more transactions that enhance your business growth.

## How Raiffeisen Bank uses Elucidate to streamline the efficiency of its transaction monitoring process.

## Enterprise-grade security and compliance

Your data is safe with us. We hold an ISO 27001:2013 certification covering our data security, technology, legal compliance, and human resources, meaning your data is securely transmitted and stored. Your details remain protected under our data processing agreement.

## The modules designed for Operations teams

Or learn more about the many different Elucidate modules, designed to help you build the data model for you.

[Learn More](https://elucidate.co/demo-request)

Data Completeness

Coherence

Activity Checks

Entity Resolution

Elucidate has helped companies across 5 continents safely process billions in payments, with operational excellence

## Meet operational targets, backed by robust data

## Build the data model that can scale with your institution's growing requirements

With Elucidate’s Risk Module Builder, build your risk management framework to your institution’s evolving needs. With over 10 core modules designed for seamless integration and scalability, you can ensure your risk strategies are as dynamic as the challenges you face.

## Never compromise on operational delivery again

Avoid making trade-offs between efficiency, compliance and growth. With your risk appetite clearly defined via your own customized data model, you can meet regulatory requirements, feel supported by compliance and reach your ambitious process targets.

## Enrich your decision-making with real-time, standardized Risk Scoring

Translate complex and disparate data into definitive risk profiles and scores, to align with compliance’s set risk appetite and streamline transaction monitoring. Elucidate’s Risk Scoring system runs under an ISO 42001-certified AI management system.

## A single source of truth for risk management efficiency

Our interoperable Risk Module Builder easily plugs into your existing tools and systems via our API so you can focus on optimizing payment processing,  rather than on unsticking data siloes.

Finally see the data in the exact way that your institution wants to see it, so you can make informed and clear decisions on the institution, customer, and transaction level.

[Learn more about our Risk Module Builder](https://elucidate.co/demo-request)

_Elucidate has helped companies across 5 continents safely process billions in payments, with risk decision confidence_

TRUSTED BY

”Elucidate enriches our internal analyses with additional external data-based assessments. This raises the discussion with our clients to a new qualitatively and quantitatively improved level and makes our compliance framework even more robust.”

Valerie Brunner

Member of the Management Board at Raiffeisen Bank International

“By \[working with Elucidate to\] deploy data analysis at scale for preliminary and ongoing risk analysis, we can lower respondent acquisition and maintenance costs to a point that more commercial relationships are commercially feasible.”

Francesco Miccoli

Former Head of Correspondent Banking

“Using Elucidate helped us to gain access to a major European correspondent bank to open a cash account. As an independent financial crime risk assessment framework, Elucidate was extremely helpful as correspondent banks favour external,  
independent assessment of risk exposure"

George Apyrou

Head of Operations

"With Elucidate, you gain a comprehensive 360-degree view, allowing you to dive deep into the database, the output of which remains unalterable."

Miguel Attard

Head of Compliance & AML at Sparkasse Bank Malta

# About Elucidate

### +1200

Data points analyzed per bank report

### +17

Data sources feeding our model

### 12+

Leading market integrations

### \>100tps 24/7

Data points analyzed per bank report

## Resources for Operations teams

Discover how you compare against others in the market with Elucidate’s free Risk Monitor.

[See where my institution ranks](https://monitor.elucidate.co/)

Financial intelligence doesn’t have to be so challenging. Read how transparent scoring can help avoid unnecessary de-risking.

[Read it now](https://elucidate.co/blog/correspondent-banking-how-transparent-benchmarking-can-avoid-unnecessary-de-risking-and-maximise-opportunities)

Data can give regional banks a voice in the market; and unlock some lucrative opportunities. Read how below.

[Read it now](https://elucidate.co/blog/empowering-respondent-banks-in-the-fight-against-financial-crime)

## Book a demo of our Risk Module Builder for streamlined operations:
</doc>