Clari5

April 2017 Issue


Break-Filter-BubbleWhite Paper: Break Filter Bubbles in Banking Enterprise Fraud Management

Banks need to synthesize holistic wisdom from core systems and not just from channel silos. From depth of analysis, ease of configuration/ implementation and cross channel fraud detection to insider fraud detection and real-time high availability, a synchronized Enterprise Fraud Risk Management approach delivers compelling advantages over a Delivery Channel silos only approach. Read More

NASSCOMReport: NASSCOM IT Strategic Review 2017 – featuring CustomerXPs

The premier IT industry association expects emerging technologies in fintech to strengthen this year. While core banking continues to be the mainstay of fintech, new developments in fintech are enabling banks and customers to go digital. Analytics, automation, fraud management, machine learning and blockchain are to take a big step ahead. Read More

ETBanks & Fintech Startups See More Value In Cooperation Than In Rivalry

Read about how ICICI bank’s first tryst with fintech involved getting their customer service to climb up the experience curve. The article talks about how CustomerXPs built augmented intelligence that dipped into the bank’s internal systems to create profiles of customers, their relationship with the bank and the best product they were likely to buy next. Read More

ThreatBlog: Monetizing Your Anti-Fraud Solution to Make Money for Your Bank

In Chinese philosophy, yin and yang explains how seemingly opposite or contrary forces may actually bring balance in the natural world. This idea actually applies perfectly in the context of application of enterprise level fraud management systems. Read More

The Rise of Cybercrime in Indian Banks

Cybercrime is a relatively new term in the lexicon of criminal terminology. Cybercrime came about after the financial sector especially banking introduced technology for its banking operations in the late ‘90s. This infographic throws light on the current scenario of cybercrime across different sectors in India, as well as answers how and why banking in India is so prone to cybercrime.

 

Infographics

 

Credit Cards & EMV

Credit cards have evolved from magnetic strips to chip-and-pin, chip-and-choice, and chip-and-signature cards. EMV is now the de facto global standard for the chip technology embedded in financial payment cards. In the fourth quarter of 2012, there were 1.62 billion chip cards in use across 80 countries.

The World of Cyber Crime: A Quick Sketch

The world of cybercrime is immense. Knowing your enemy is half battle won. Banks have been baffled and ravaged by perpetrators of Cybercrime. This infographic provides a quick peek into the world of cybercrime and helps bankers understand what needs to be done to protect themselves from these ravagers.

 

Infographics

 

Cybersecurity vulnerability in Indian banks

Banks and financial institutions are seized with newer forms of threats to the safety and security of their data, a critical asset for any organization. In the age of Internet of Things, criminal activities and data theft have also gotten smarter and savvier, with criminals increasingly using technology to break technological barriers within the banking system.