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features
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support

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Description

Elucidate is a company specializing in financial crime risk management that empowers financial institutions to evaluate and assign a monetary value to financial crime risks via the Elucidate FinCrime Index (EFI), an automated system created in collaboration with top global correspondent banks. This innovative platform simplifies the process of scoring, managing, and pricing financial crime risk effectively. With the help of blockchain technology, our solution is tailored to meet the specific requirements of our users, allowing them to avoid unexpected challenges while keeping a close watch on the financial crime risk levels of their affiliates. Enhance the capabilities of your Compliance teams with our automated, data-driven methods, ensuring you can oversee and manage correspondent banking financial crime risks efficiently. By utilizing benchmarked risk profiles from more than 18,000 financial institutions, you can safely expand your business operations while also controlling due diligence expenses through automation. Our platform provides a seamless transition from volume-based to risk-based payment pricing, enabling you to identify and address financial crime risks in real-time, maintaining a secure and compliant financial environment. In doing so, organizations can gain a competitive advantage by proactively managing their risk exposure.

Description

In today's online landscape, where fraudsters thrive, insurers face significant challenges, as reports indicate that 18% of all claims involve fraudulent elements, making it a serious issue rather than a victimless act. FRISS steps in to safeguard insurers by facilitating a secure digital transformation that seamlessly integrates with their existing systems, enhancing transparency in the insurance process, nurturing robust portfolios, and boosting customer satisfaction. We hold a strong belief that insurance can be a valuable service, and we strive to provide a user-friendly experience that aligns with modern digital demands through a remarkably straightforward interface. By streamlining data collection, we enhance and simplify the process, consolidating insights from a mix of traditional and nontraditional sources to create a comprehensive understanding of each risk. Our platform manages the complexities of data analysis, allowing you to concentrate on delivering quality underwriting. Moreover, our software assesses risks based on real-time conditions and reveals any violations, questionable business practices, and previously obscured information, which aids in maintaining integrity and verifying essential licenses and inspections. This commitment to honesty and thoroughness ultimately benefits both insurers and their clients, fostering a more trustworthy insurance environment.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Elucidate

Founded

2018

Country

Germany

Website

www.elucidate.co

Vendor Details

Company Name

FRISS

Founded

2006

Country

Netherlands

Website

www.friss.com

Product Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Product Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

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