Clari5

November 2021 Issue

One of the most coveted and prestigious title in the IT industry in the MEA region, GEC Awards 2021 celebrated the milestones of GCC ICT industry. Global Enterprise Connect Awards comes through as the benchmark for outstanding performances throughout the Middle East and Africa IT industry, where leading players in the ICT domain compete for the winning title. Clari5, awarded as the Top Vendor in Banking Solution category.

Clari5 partnered with TCS to showcase its category leading real-time financial crime management solution on TCS BaNCS Marketplace. TCS BaNCS provides comprehensive set of solutions across Banking, Insurance and Capital Markets. Clari5 Real-time Financial Crime Management solution is now available on TCS Bancs Marketplace.

Amongst all industries impacted by fraud, banking is undoubtedly the hardest-hit. While digitization and multi-channel banking have totally transformed the industry, the shift has also brought about an unprecedented rise in fraud.

Imagine an intelligent system that studies customers’ behavioral patterns to detect fraud, is also creating precise personas for the bank’s marketing teams to target campaigns to. The same real-time, context-aware logic/approach used to combat cross-channel fraud can also help enable intelligent, hyper-precise targeted and contextual customer engagements.

October 2021 Issue

Clari5 partnered with TCS to showcase its category leading real-time financial crime management solution on TCS BaNCS Marketplace. TCS BaNCS provides comprehensive set of solutions across Banking, Insurance and Capital Markets. Clari5 Real-time Financial Crime Management solution is now available on TCS Bancs Marketplace.

The Central Bank of the United Arab Emirates (CBUAE) has recently issued new guidance to help Licensed Financial Institutions (LFIs) with their Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) statutory obligations under the legal and regulatory framework in force in the UAE.

As the CBUAE embarks on this complex and crucial task of enhancing its national AML and CFT framework, Clari5’s Real-time Anti-money Laundering system provides the right solution to support LFIs on their journey to compliance with their AML and CFT obligations.

Covering banking in the FinTech era, the World FinTech Report 2021 from Capgemini and Efma explores how successful FinTechs have breached the profitability barrier and analyzes alternative options for banks to alleviate the competitive threat. Discover how banks can implement digital-only subsidiaries with the “right-field” approach to be successful in the FinTech era.

Even as regulators step up their scrutiny of bank compliance, fraud and money laundering schemes are getting more and more sophisticated. Banks therefore have no choice but to elevate their crime-detection and crime-fighting capabilities. Defence mechanisms will increasingly include more powerful analytical models, AI and the aid of financial crime regtech specialists.