--- title: "As it joins the plug and play accelerator programme, Elucidate introduces its Advisory Board – Elucidate" description: "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" url: https://elucidate.co/press-release/board-announcement --- # As it joins the plug and play accelerator programme, Elucidate introduces its Advisory Board Press Release As it joins the plug and play accelerator programme, Elucidate introduces its Advisory Board 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 **Berlin, Germany, 19 Sptember 2019** - In addition to having joined Plug and Play’s Fintech Europe programme, Elucidate is pleased to welcome Jeannette Lichner, former Chief Operating Officer (COO) of Bank of America for Europe, Middle-East, and Africa (EMEA), Jim Stubbs, former Deputy Head of Financial Crime for Citigroup and Mathew Bosrock, former member of the S&P Global Ratings Executive Committee, as members of its Advisory Board. ##### Elucidate’s New Advisory Board Members In addition to having joined Plug and Play’s Fintech Europe programme, Elucidate is pleased to welcome Jeannette Lichner, former Chief Operating Officer (COO) of Bank of America for Europe, Middle-East, and Africa (EMEA), Jim Stubbs, former Deputy Head of Financial Crime for Citigroup and Mathew Bosrock, former member of the S&P Global Ratings Executive Committee, as members of its Advisory Board. Founded in 2018 by Shane Riedel, former Goldman Sachs and Standard Chartered banker, and Filipe Garcia, former Chief Technology Officer (CTO) at CrossLend, Elucidate offers an entirely innovative approach for financial institutions to manage financial crime risks such as money laundering, terrorist financing, tax evasion, and corruption. Shane explained, “For 20 years the financial sector has sought to stop financial crime by doing more of the same. The scandals in Europe over the past year confirm, if there was any doubt, that now is the time for a change.” Shane expressed his enthusiasm about the Advisory Board Members “We believe that bringing Jeannette, Jim, and Matt onto our Advisory Board solidifies our position as a challenger to the status quo and the standard bearer of a new approach to financial crime risk management”. Jim Stubbs is the President of ACRM Advisory LLC, supporting financial institutions seeking to enhance their financial crime compliance programme and promote responsible growth. Jim is the former Managing Director and Deputy Global Head of Anti-Money Laundering (AML) at Citigroup and the former Chief Compliance and Ethics Officer at American Express. He brings with him extensive experience leading global AML and regulatory compliance risk management strategies across the globe. Jim is a leading figure and a thought leader in the fight against financial crime, having spent his career safeguarding businesses and promoting ethics in the financial services industry. Matthew Bosrock is the former Deputy CEO and COO of HSBC Canada and CEO of HSBC Greece. Matt has also held senior leadership roles for HSBC in the United States, Asia, Europe, and Africa. At S&P Global Ratings, Matt was a member of the Global Executive Committee responsible for businesses across growth markets. In addition to working with private equity firms as an operating partner, he has advised and led e-commerce, social media and FinTech startups, helping them to optimise and execute their expansion strategies. ##### Plug and Play Elucidate was selected to be part of Plug and Play’s industry-leading accelerator, the FinTech Europe programme. The accelerator will give Elucidate the opportunity to work closely with leading institutions, including Deutsche Bank, BNP Paribas, UniCredit, Abanca, Danske Bank and DZ Bank, amongst others. Plug and Play’s programme works to nurture the growth of pilot projects, business proofs of concept, and development opportunities for selected startups and financial institutions. Filipe highlighted the potential Elucidate’s participation in the FinTech Europe programme brings, stating: “I am excited to work together with Plug and Play and its global partners to amplify Elucidate’s profile and further change the way the market addresses financial crime risk.” **About Elucidate** ([https://elucidate.co](https://elucidate.co/)): Elucidate’s vision is to rid the Earth of financial crime by offering the industry’s first FinCrime risk rating agency, working with hundreds of banks globally to quantify FinCrime and digitise risk management. Using a hybrid of machine learning and expert-driven modelling, the Elucidate FinCrime Index (EFI) scores FinCrime risk, swiftly, accurately, and effectively. The EFI everages data from various sources, evaluating it to deliver a risk management solution tailored to the user’s needs. **About Plug and Play** ([https://www.plugandplaytechcenter.com](https://www.plugandplaytechcenter.com/)): Plug and Play is an early stage investor and corporate innovation platform, headquartered in Silicon Valley. Plug and Play builds accelerator programs, corporate innovation services and maintains an in-house VC with the aim of advancing technological progress ever more quickly. Updates Press releases Every new update from us, from new product launches to new partnerships, can be found here. [PRESS](https://elucidate.co/press-release/benchmark-administrator-press) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-expands-global-presence-with-miami-office-to-bring-financial-crime-benchmark-to-us-market) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-joins-berlin-groups-openfinance-advisory-group-board) [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. Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-launches-industry-first-product-for-pricing-financial-crime-risk-2) [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. Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-launches-open-database-of-financial-crime-risk-scores-in-the-banking-industry) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-named-to-inclusive-fintech-50-cohort-for-2021) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-raises-8-million-to-help-banks-counter-surging-financial-crim) [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. Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-raises-eu2-5m-financing-round-to-build-the-moodys-of-financial-crime-risk) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/elucidate-schliesst-eu2-5-millionen-finanzierungsrunde-ab-um-das-moodys-der-risikobewertung-von-finanzkriminalitat-zu-werden) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/financial-crime-expert-david-lewis-joins-the-board-at-elucidate-2) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/financial-crime-risk-scoring-platform-elucidate-earns-iso-27001-security-certification) [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) Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/fraugster-and-elucidate-announce-partnership-to-tackle-financial-crime) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/ing-group-commerzbank-and-nordea-lead-financial-crime-risk-global-ranking) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/investment-announcement) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/micheal-mcvicker-announcement) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/raiffeisen-bank-international-partners-with-elucidate-to-deploy-standardised-financial-crime-benchmarking) [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 Nov 9, 2024  · Nov 9, 2024  min read [PRESS](https://elucidate.co/press-release/tenurex-and-elucidate-partner-to-increase-financial-inclusion-worldwide) [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 Nov 9, 2024  · Nov 9, 2024  min read [Read all Press Releases](https://elucidate.co/press-list) Journalist? 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