Berlin, Germany, 05 August 2020 - Michael McVicker, former Head of Enterprise Risk and Governance at Standard Chartered Bank, joins Elucidate as Head of Business Development for the Americas.  After 25 years of domestic and international banking experience overseeing USD Clearing, Compliance, Governance and Risk Management functions, Michael is now transitioning to lead the evolution of financial crime risk  assessment in banking. He believes now is the time for all financial institutions to adopt Elucidate’s platform as the industry standard to better manage financial crime risk.

This comes on the heels of Elucidate’s recent financing round, through which the company will expand its market reach throughout the Americas, with the US in particular being positioned as a key market. Shane Riedel, CEO at Elucidate, highlights the relevance of having Michael on board as an essential part of Eludicate’s global vision and go-to-market strategy: “Michael’s unparalleled experience in finance and risk provides a solid and reliable partner and advisor to Elucidate’s users. As we seek to enable standardisation of financial crime risk assessment and strengthening of the industry benchmark, Michael is uniquely placed to drive adoption and commercialisation.”

Michael will be based in Los Angeles.

‍About Elucidate (https://elucidate.co):  Elucidate is a financial crime risk assessment company enabling financial institutions to benchmark and price financial crime risk through risk assessment, data analysis and scoring.  It is the market’s first regulated financial crime risk benchmark providing a defined and measurable industry standard.