Elucidate was founded in 2018. The company provides a Software-as-a-Service (SaaS) platform designed to quantify, measure, and report financial crime (FinCrime) risk in a standardized and transparent way. Elucidate helps financial institutions assess risks related to activities such as money laundering, fraud, and other financial crimes. By focusing on accurate FinCrime risk measurement and applying appropriate mitigation strategies, the platform enables organizations to strengthen their risk management processes while ensuring compliance with legal and regulatory requirements.