![]() ![]() John and his beautiful wife, Jennifer, reside in LaPorte, Indiana and have 5 children. John has over 35 years of experience in manufacturing and earned his MBA from Oklahoma State University. John has an engaging energy and his passion and excitement for helping others shows when he speaks. What we do Elucidate (we are hiring), is a machine learning boutique firm which offers data analytics and artificial intelligence (AI) solutions in. It uses data analytics and machine learning to monitor financial crime risks and optimize financial crime risk management as well as compliance via automation. Georgiana: And I have to say that Elucidate has a very, very interesting business model. Welcome, Shane Thank you so much for accepting to talk to us today. He currently serves on the Ownership Culture Advisory Committee for the ESOP Association and speaks at the ESOP, NCEO, and The Annual Gathering of the Games conferences. Elucidate is a company dealing with financial crime risk management through its blockchain-enabled platform. Today I am talking to someone from Elucidate, the CEO and founder of the company. He also provides sales coaching and ESOP communication training. John is a Great Game of Business Certified Coach which focuses on teaching all employees how business works and how that in turn will engage and empower them to achieve outstanding results. John retired from Central States Manufacturing, a 100% employee-owned company and Great Game of Business practitioner, after working there for 14 years as VP Sales & Marketing. By understanding more about each one, you can think about whether your companys structure is well suited to your strategy. A consulting firm that specializes in helping people and organizations be successful. “Just as John Moody revolutionised the way credit risk was understood in 1909, Elucidate’s universal standard is enabling the next wave in financial crime risk management.John Williams is the Founder/President of Elucidate Resources LLC. Our deep learning dataset is unparalleled in the industry, identifying financial crime patterns as they emerge,” comments Elucidate co-founder and CEO Shane Riedel. “The US passed the world’s first anti-money laundering legislation 50 years ago and we continue to see scandals emerge with shocking regularity. This translates into criminal abuse of the financial sector with little to no detection, and almost no fear of prosecution. elucidate verb I or T formal uk / ilu.s.det / us / ilu.s.det / to explain something or make something clear: I dont understand. With crimes such as money laundering, terrorist financing, sanctions, cybercrime, fraud, corruption and tax evasion continuing to rise, financial institutions are spending around 3% of revenue solely on risk management, with limited results. The USP here is the removal of manually determined reactions points towards a new universal standard for financial crime risk analysis and scoring. Elucidate is currently utilised by over 2,700 financial institutions, providing risk scores for users across five continents.Įlucidate’s self-titled EFI (Elucidate’s FinCrime Index) is the industry’s only regulated financial crime risk tool and uses probability and machine learning to predict and prevent FinCrime before it happens (Minority Report anyone?). The company is expected to use the fresh funds to expand their rating coverage to 100% of the market and accelerate market penetration to the public sector and regulators. Elucidate AI is an artificial intelligence and predictive analytics solutions provider founded in September 2018. 156070 < Medieval Latin lcidtus, past participle of lcidre to cause to shine, explain elucidation, n. Companys registered office address is 12, Ibadiaran street, Onigbongbo, Maryland, Ikeja, Lagos. Elucidate has now raised over €5 million in seven short months following a round in July 2020. Elucidate is a RegTech/RiskTech firm building an innovative SaaS-based solution for Financial Crime risk management. ![]() ![]() Elucidate aims to become the Moody’s of financial crime risk, and have just announced their raise of €2.5 million in a pre-Series-A funding led by Frontline Ventures.įrontline Ventures is joined by existing investors Seed X Liechtenstein, APEX Ventures, and Big Start Ventures. ![]()
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