--- title: "Elucidate expands global presence with Miami office to bring financial crime benchmark to US market – Elucidate" description: "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" url: 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 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 **Miami, Fl - November 29th, 2021** - Elucidate, the financial crime risk scoring company, has today announced its expansion into the US market with a new office in Miami, as part of the company’s mission to establish itself as the global standard for benchmarking financial crime risk. Its new US headquarters confirms Elucidate’s focus on the Americas as a primary target for its services, which empower banks’ compliance teams with actionable intelligence into financial crime risk to help them analyze information across their network within a data-driven framework, saving time and money. As the market’s only authorised financial crime benchmark, the _Elucidate FinCrime Index (EFI)_ is regulated by the BaFin and ESMA. Elucidate’s US launch closely follows  the appointment of banking compliance veteran Ben Arber,  Former HSBC Head of Financial Crime Compliance, as Elucidate’s Head of Sales for the Americas, earlier this year. Arber brings more than 20 years’ experience in senior compliance roles for HSBC in Asia, Europe, and North America, and has been responsible for building Elucidate’s operations in the US region since early June. Elucidate’s expansion into the US comes at a time when Miami is emerging as one of the country’s leading tech hubs, with dozens of investors and startups moving or opening offices in the city this year alone. Commenting on choosing Miami as Elucidate’s US HQ, Head of Sales for the Americas, Ben Arber, said: "_We  considered more traditional hubs like New York and San Francisco but are convinced Miami is the best place to grow Elucidate's operations. Not only is the city going through a technology boom, which we are excited to be a part of, but its location enables us to better serve customers in the Caribbean and Latin America - two regions that will greatly benefit from our platform._" A data-science company at its core, the new office reaffirms Elucidate’s ability to comply with US data regulations and provide dedicated customer support in the region. Filipe Garcia, Elucidate’s CTO and Co-Founder said: "_As an ISO certified company, data security and management are priorities for our operation and one of the reasons our customers trust us with their sensitive data. Our new offices in Miami will help us maintain our standards, comply with all data protection regulations, and provide localized support to new and existing customers_." Elucidate’s Miami office is now the company’s second physical office, three years on from when it was founded by CEO Shane Riedel and CTO Filipe Garcia in Berlin in 2018. It currently serves customers in more than seven countries (rating the financial crime compliance of over 20,000 organisations to date), employs more than 35 people across Europe, and is actively recruiting new members of staff in its business development team in the next three months to focus exclusively on the US market. \_\_\_\_ **About Elucidate:** Elucidate ([https://www.elucidate.co](https://elucidate.co/)) is a financial crime risk quantification platform, regulated by the BaFin and ESMA, providing the market’s only authorised financial crime benchmark.  From its base in Siliconallee, one of Berlin’s most diverse teams works with financial institutions and regulators with the goal of identifying, minimising, and pricing their financial crime risk exposure. 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/board-announcement) [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 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. 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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. 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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 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