--- title: "Press and Media" description: "Our team loves working with media to spotlight how we can use technology to rid the earth of financial crime and meaningfully impact our industry." url: https://elucidate.co/press-media --- # Press & Media Our team loves working with media to spotlight how we use technology to rid the earth of financial crime. For all inquiries, please contact press@elucidate.co. [Contact press team](mailto:press@elucidate.co) Press releases The latest announcements, partnerships and product launches from Elucidate. [PRESS](https://elucidate.co/press-list) [The Elucidate FinCrime Index becomes the market’s first regulated financial crime risk benchmark](https://elucidate.co/press-release/benchmark-administrator-press) A critical step taken in establishing the standard for measuring and analysing financial crime risk [PRESS](https://elucidate.co/press-list) [As it joins the plug and play accelerator programme, Elucidate introduces its Advisory Board](https://elucidate.co/press-release/board-announcement) Elucidate would like to welcome its new Advisory Board members, and is pleased to announce its selection for Plug and Play’s prestigious FinTech accelerator [PRESS](https://elucidate.co/press-list) [Elucidate expands global presence with Miami office to bring financial crime benchmark to US market](https://elucidate.co/press-release/elucidate-expands-global-presence-with-miami-office-to-bring-financial-crime-benchmark-to-us-market) Former HSBC Head of Financial Crime Compliance, Ben Arber, will head up US business development. Elucidate employs more than 35 people across Europe and has raised €5.7M in funding to date [PRESS](https://elucidate.co/press-list) [Elucidate joins Berlin Group’s openFinance Advisory Group & Board](https://elucidate.co/press-release/elucidate-joins-berlin-groups-openfinance-advisory-group-board) Elucidate, the financial crime risk management platform, has joined the Berlin Group’s openFinance Advisory Group & Board, an initiative set up to standardise and shape the evolution of openFinance adoption. [PRESS](https://elucidate.co/press-list) [Elucidate launches industry-first product for pricing financial crime risk](https://elucidate.co/press-release/elucidate-launches-industry-first-product-for-pricing-financial-crime-risk-2) Elucidate worked alongside Standard Chartered Bank to build this framework, which uses machine learning technology coupled with a bank’s own data to create a numerical financial crime risk score. [PRESS](https://elucidate.co/press-list) [Elucidate launches open database of financial crime risk scores in the banking industry](https://elucidate.co/press-release/elucidate-launches-open-database-of-financial-crime-risk-scores-in-the-banking-industry) The Elucidate FinCrime Risk Monitor (EFRM) is an open database for scoring the financial crime risk vulnerability of financial institutions [PRESS](https://elucidate.co/press-list) [Elucidate named to 'Inclusive Fintech 50' cohort for 2021](https://elucidate.co/press-release/elucidate-named-to-inclusive-fintech-50-cohort-for-2021) The Inclusive Fintech 50 recognises fintechs driving innovation in underserved segments and is sponsored by Visa, MetLife Foundation, Jersey Overseas Aid and Comic Relief [PRESS](https://elucidate.co/press-list) [Elucidate raises $8 million to help banks counter surging financial crime](https://elucidate.co/press-release/elucidate-raises-8-million-to-help-banks-counter-surging-financial-crim) The funding comes at a critical time for the financial sector currently facing a dramatic increase in financial crime caused by the pandemic and exacerbated by growing instability in Eastern Europe. [PRESS](https://elucidate.co/press-list) [Elucidate raises €2.5m financing round to build the Moody’s of financial crime risk](https://elucidate.co/press-release/elucidate-raises-eu2-5m-financing-round-to-build-the-moodys-of-financial-crime-risk) Elucidate’s regulated benchmark enables industry leading financial institutions and regulators to score, manage and price FinCrime risk [PRESS](https://elucidate.co/press-list) [Elucidate schließt €2.5 Millionen Finanzierungsrunde ab, um das Moodys der Risikobewertung von Finanzkriminalität zu werden](https://elucidate.co/press-release/elucidate-schliesst-eu2-5-millionen-finanzierungsrunde-ab-um-das-moodys-der-risikobewertung-von-finanzkriminalitat-zu-werden) Finanzierungsrunde angeführt von Frontline Ventures zusammen mit SeedX Liechtenstein, APEX Ventures und Big Start Ventures [PRESS](https://elucidate.co/press-list) [Financial crime expert David Lewis joins the board at Elucidate](https://elucidate.co/press-release/financial-crime-expert-david-lewis-joins-the-board-at-elucidate-2) Lewis is a leading advocate for more effective action at a global level to tackle money laundering and has spoken widely about the importance of and pressing need for reform [PRESS](https://elucidate.co/press-list) [Financial crime risk scoring platform Elucidate earns ISO 27001 Security Certification](https://elucidate.co/press-release/financial-crime-risk-scoring-platform-elucidate-earns-iso-27001-security-certification) The certification was granted after meeting the requirements for establishing, implementing, and maintaining an information security management system (ISMS) as required by the International Organization for Standardization (ISO) [PRESS](https://elucidate.co/press-list) [Fraugster and Elucidate announce partnership to tackle Financial Crime](https://elucidate.co/press-release/fraugster-and-elucidate-announce-partnership-to-tackle-financial-crime) Integration will provide customers with access to global sanction lists [PRESS](https://elucidate.co/press-list) [ING Group, Commerzbank, and Nordea lead financial crime risk global ranking](https://elucidate.co/press-release/ing-group-commerzbank-and-nordea-lead-financial-crime-risk-global-ranking) Elucidate's FinCrime Risk Monitor (EFRM) ranking is based on the company's open database for scoring the financial crime risk vulnerability of financial institutions [PRESS](https://elucidate.co/press-list) [Elucidate raises €2.5 million to further develop its Financial Crime Index](https://elucidate.co/press-release/investment-announcement) Silicon Valley-based 11.2 Capital leads seed funding into the expansion of the Index’s quantification and prediction capabilities [PRESS](https://elucidate.co/press-list) [Elucidate welcomes Michael McVicker as Head of Business Development for the Americas](https://elucidate.co/press-release/micheal-mcvicker-announcement) Former Leading Banker at HSBC and Standard Chartered Bank takes charge of Elucidate’s market coverage for the Americas [PRESS](https://elucidate.co/press-list) [Raiffeisen Bank International partners with Elucidate to deploy standardised financial crime benchmarking](https://elucidate.co/press-release/raiffeisen-bank-international-partners-with-elucidate-to-deploy-standardised-financial-crime-benchmarking) RBI deploys Elucidate’s financial crime risk quantification technology using automation and machine learning to remain ahead of financial crime [PRESS](https://elucidate.co/press-list) [TenureX and Elucidate partner to increase financial inclusion worldwide](https://elucidate.co/press-release/tenurex-and-elucidate-partner-to-increase-financial-inclusion-worldwide) Both companies share the vision that everyone in emerging markets deserves the right to participate in global financial markets and have united to tackle the outdated framework in corresponding banking [Read all Press Releases](https://elucidate.co/press-list) Elucidate in the news See where our work and expertise have been featured across the industry press. Insider Nov 9, 2024 [Russian oligarchs anticipated sanctions months before the war and moved money through Hawala, an informal payment system, an expert says](https://www.businessinsider.com/russian-oligarchs-sanctions-movement-money-hawala-ukraine-war-2022-4) [Read article →](https://www.businessinsider.com/russian-oligarchs-sanctions-movement-money-hawala-ukraine-war-2022-4) VICE Dec 5, 2022 [Ordinary People Are Smuggling Millions for Drug Dealers](https://www.vice.com/en/article/4axqmd/ordinary-people-smuggling-millions-for-dubai-drug-dealers) [Read article →](https://www.vice.com/en/article/4axqmd/ordinary-people-smuggling-millions-for-dubai-drug-dealers) AML Intelligence Nov 6, 2022 [INSIGHT: Adopting a risk-based pricing approach to correspondent banking is key to curbing financial crime](https://www.amlintelligence.com/2022/11/insight-elucidate-ceo-on-risk-based-correspondent-banking/) [Read article →](https://www.amlintelligence.com/2022/11/insight-elucidate-ceo-on-risk-based-correspondent-banking/) Finextra May 10, 2022 [Elucidate raises $8 million to help banks counter surging financial crime](https://www.finextra.com/newsarticle/40227/elucidate-raises-8-million-to-help-banks-counter-surging-financial-crime) [Read article →](https://www.finextra.com/newsarticle/40227/elucidate-raises-8-million-to-help-banks-counter-surging-financial-crime) Investment Monitor Jan 6, 2022 [Elucidate establishes US headquarters in Miami](https://www.investmentmonitor.ai/news/elucidate-establishes-us-headquarters-in-miami/) [Read article →](https://www.investmentmonitor.ai/news/elucidate-establishes-us-headquarters-in-miami/) Business Insider Jun 23, 2020 [Here's an exclusive look at the pitch deck risk-modelling startup Elucidate used to raise $3 million from Silicon Valley investors](https://www.businessinsider.com/elucidate-risk-startup-raises-3-million-silicon-valley-2020-6?r=DE&IR=T) [Read article →](https://www.businessinsider.com/elucidate-risk-startup-raises-3-million-silicon-valley-2020-6?r=DE&IR=T) WatersTechnology Apr 14, 2020 [Witad Awards 2020: Operational risk management professional of the year](https://www.waterstechnology.com/awards-rankings/7524561/witad-awards-2020-operational-risk-management-professional-of-the-year-sihem-mouelhi-elucidate) [Read article →](https://www.waterstechnology.com/awards-rankings/7524561/witad-awards-2020-operational-risk-management-professional-of-the-year-sihem-mouelhi-elucidate) Forbes Mar 23, 2020 [A List Of Fintech Firms Providing Free Technology During The Coronavirus Crisis](https://www.forbes.com/sites/ronshevlin/2020/03/23/a-list-of-fintech-firms-providing-free-technology-to-banks-during-the-coronavirus-crisis/) [Read article →](https://www.forbes.com/sites/ronshevlin/2020/03/23/a-list-of-fintech-firms-providing-free-technology-to-banks-during-the-coronavirus-crisis/) Sign up for our Press list Want to hear more from us? 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