Founded in 2018 by Shane Riedel, Co-founder and CEO, Elucidate is a financial crime risk quantification platform, regulated by the BaFin and ESMA, providing an authorized financial crime benchmark.  Founded in 2018, Elucidate’s FinCrime Index (EFI) is a regulated financial crime risk benchmark which serves a range of financial institutions and public sector entities by taking a quantified approach to predict and prevent financial crimes such as money laundering, terrorist financing, sanctions, cybercrime, fraud, corruption before they happens. Built using probabilistic modelling and machine learning, it moves the financial crime risk dial to a new universal standard for financial crime risk analysis and scoring.

https://www.finsmes.com/2021/03/elucidate-raises-e2-5m-in-pre-series-a-funding.html