Author: Clari5
February 2021 Issue
Clari5 Stars in CeFPro™ Top 50 Global Fintech Leaders Report 2021!
2 February 2021, New York. Global category leaders in real-time financial crime systems for banking, Clari5, has been featured among the world’s Top 50 service providers in the latest Center for Financial Professionals (CeFPro) Global Fintech Leaders 2021 Report. The report was unveiled at CeFPro’s International Fintech Leaders Convention & Awards today.
Clari5 is recognized as one of the Top 50 Fintech Leaders for Enterprise Fraud Management and AML solutions, as well as for Customer Experience and Due Diligence.
Fintech Leaders is the only research program of its kind, relying on responses and votes from industry end-users to establish the market leaders, trends, priorities, challenges, and investment opportunities within the fintech ecosystem.
CeFPro’s senior analysts formulated the report after gathering nearly 1,800 respondent votes and opinions across surveyed finance, technology, operations, risk, legal, and compliance professionals, and the independent expert views and interviews from the members of their 60+ Fintech Leaders Advisory Board. One of the most comprehensive and wide-reaching reports on the status of the fintech industry, the report features interesting findings reflecting current conditions and significant changes in the fintech sector.
“Clari5 product impacts about 1 in 20 persons across the globe, with 50 plus banks including super large banks across 15 countries. This recognition by CeFPro among the world’s top 50 is a recognition of the same”, said Rivi Varghese, CEO, CustomerXPs. “The recognition is special, also because it not only recognizes our sustained growth during Covid times, but also inspires us to grow bigger in the post-Covid world.”
“Clari5’s inclusion in our global Fintech Leaders 2021 report, ranked in the top 50, is recognition of the work that they are undertaking,” said Andreas Simou, Managing Director, CeFPro. “The ever-increasing challenges to combat financial crime requires new approaches, to stay ahead of a moving target, with CustomerXPs’ Clari5 solution providing innovation in the marketplace.”
About CeFPro and Fintech Leaders Report
The Center for Financial Professionals, CeFPro™, is an international research, events, and media company. CeFPro is the focal point for financial risk, technology, and regulatory professionals, advancing the profession through renowned thought leadership, knowledge sharing, unparalleled networking, industry solutions, and lead generation.
CeFPro’s annual Fintech Leaders Report provides a comprehensive examination of the opportunities, investment priorities, key obstacles, and main benefits of the fintech industry. Findings are based on the views of the extensive international end-user survey and the 60+ Fintech Leaders Advisory Board. Now in its third year, Fintech Leaders is increasingly recognized as the go-to resource, delivering unparalleled research and knowledge. For further information, visit www.cefpro.com and www.fintech-leaders.com
January 2021 Issue
“Prevention is better than cure” is an enduring maxim that applies equally well to the banking industry combating fraud. Read the Clari5 eBook to know the top 10 threats afflicting banks, the symptoms and the curative measures.
Fino Payments Bank and CustomerXPs Win IBSI Global Fintech Innovation Awards for Best Project Implementation in Risk Management!
IBS Intelligence has been the world’s trusted source of Financial Technology News, Research & Advisory Services for almost 3 decades and their research reports are consumed by global banks, suppliers and investors. The IBSI Global Fintech Innovation Award is a distinguished recognition of project excellence and winners are determined based on solution originality, project impact, program complexity, adaptability of concept, speed to market, governance, best practices and tools adopted. This year’s edition of the awards had global participation from 220 banks and technology vendors across 52 countries. Fino Payments Bank, along with CustomerXPs bagged this premier award for flawlessly implementing + going live with Clari5 EFM solution despite the challenging Covid situation – a testimony to our shared vision of execution excellence. Read more
December 2020 Issue
Chartis Research’s RiskTech100® 2021 report is the most comprehensive study of the world’s top 100 risk and compliance technology vendors that benchmarks the leading players on a range of risk technology specialties and qualities that qualify them to be among the world’s top 100 risk technology providers. Clari5 has once again been featured in this premier list.
The spike in digital payments worldwide during the pandemic has also given rise to fraudsters attempting innovative fraud schemes. To further strengthen efforts to shield customer transactions from fraud, banking leader Mashreq has deployed Clari5 for real-time, cross-channel Enterprise Fraud Management.
NASSCOM’s CoE for Data Science & AI recently debated how BFSI firms can adopt the power of AI at-scale for customer management, risk and compliance. Panel participants included Clari5, where Rivi Varghese, CEO elaborated on the critical role of AI in risk and compliance monitoring. Watch the video.
Machine Learning and AI have long resonated with the tech savvy, but how can your bank get the most out of these technologies to strengthen your bank’s defenses against financial crime? Clari5 + Magnus Corp. bring you this webinar to help you gain insights from the experts and discover ready-to-deploy solutions that can be integrated easily and cost effectively. Register now!
Clari5 Featured Again Among Top 100 Global Risk Technology Vendors!
Chartis Research’s RiskTech100® 2021 report is the most comprehensive independent study of the world’s major players in risk and compliance technology. The RiskTech100® ranking provides a valuable assessment and benchmarking tool for vendors in risk technology markets
Successive regulations and accountancy standards, have forced financial institutions to examine and redesign their technology operations in new ways. In some areas of RiskTech – notably credit risk and GRC – digitalization and the transformation of analytics have caused deep structural changes to operations, processes and systems, changes that will have profound implications for FIs and vendors alike.
The companies in RiskTech100® are drawn from a range of risk technology specialties, and meet the needs of financial and non-financial organizations. They share a number of qualities that rank them among the world’s top 100 risk technology providers. The RiskTech100® report only includes companies that sell their own risk management software products and solutions. Clari5 has once again been featured among Top 100 global risk technology vendors. Download the report
Fortifying Your Bank’s Fraud Risk & Anti Money Laundering Defenses with AI & ML, Dhaka
Webinar:
Fortify your Bank’s Fraud Risk & AML Defenses with AI & ML
2 December, 2020 | 3:00 PM, Dhaka
Webinar
- Machine Learning and AI are terms that have long resonated with the tech savvy, but how do you get the most out of them for your bank?
- Explore the benefits and drivers for using new technologies to mitigate fraud risk
- Gain critical insights from the experts and discover ready-to-deploy solutions that can be integrated easily and cost effectively
- Discover how to deal with new realities in a post-pandemic world
November 2020 Issue
The larger the digital economy, the more the need for smarter fraud risk management solutions. AIM lists 5 five new-age firms with advanced analytics-based solutions to fight fraud and business risk.
Leading IT solutions provider Grover.sg, along with PwC organized a 2-part webinar on how banks in the Philippines can deliver seamless and secure digital banking services by balancing customer experience and security, while ensuring data is safeguarded while delivering services. Clari5 delivered key insights on how banks can insulate themselves from financial crime, especially during the COVID-19 crisis.
Chartis Research’s latest report provides an overview of trends in financial crime compliance systems that include KYC and AML capabilities. The report positions AML solution vendors as ‘Best of Breed Solutions’, ‘Point Solutions’, ‘Enterprise Solutions’ and ‘Category Leaders’ based on market potential and completeness of offering. Clari5 is positioned as a ‘Category Leader’ in the RiskTech Quadrant for AML solutions, 2020.
Where there’s money, there’s crime. Trust fraudsters to leverage new technology in their commitment to gain access to accounts, or to set up accounts or steal money. It is just a matter of time before deepfake becomes another method for digital rogues to defraud banks.
October 2020 Issue
Chartis Research’s latest report provides an overview of trends in financial crime compliance systems that include KYC and AML capabilities. The report positions AML solution vendors as ‘Best of Breed Solutions’, ‘Point Solutions’, ‘Enterprise Solutions’ and ‘Category Leaders’ based on market potential and completeness of offering. Clari5 is positioned as a ‘Category Leader’ in the RiskTech Quadrant for AML solutions, 2020.
As businesses and consumers brave the economic hardships triggered by the pandemic, banks have been working closely with their loan customers to help them ease financial hardships. While the initiative is helpful, it must be done in a way that minimizes exposure to loan defaults. Imperative therefore to understand the key signals during this phase.
“Prevention is better than cure” – an enduring maxim that applies equally well to the banking industry combating fraud. Read the Clari5 eBook to know the top 10 threats afflicting banks, the symptoms and the curative measures.
An intelligent system that studies customers’ behavioral patterns to detect fraud, can 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.
