What Got You Here Won’t Get You There
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.
In a candid conversation between Krishan Grover, Chairman of leading technology services provider, Grover and Rivi Varghese, Founder CEO of category leading real-time banking financial crime management technology solutions, Clari5 interpret what the new regulation means for the Philippine banking sector and the way forward. Read More
As FIs take a clearer and more holistic view of intersecting operational and other risks, entity management is emerging as a valuable tool to enable this. Chartis Research’s latest report examines the main trends in this market, and analyses the vendor landscape.
The report explores how vendors are helping financial crime risk management (FCRM) teams incorporate entity management capabilities, and how such functionality as RPA, ‘human-in-the-loop’ AI modeling operations and workflow orchestration are powering next-generation data-management programs.
The report positions entity management and analytics 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 among category leaders for entity management and analytics solutions.
Headquartered in the UK, Global Brands Magazine (GBM) is a leading brands magazine, providing insights on brands across the world. A fully autonomous magazine focused on leading brands, GBM is a valuable source of information across industries. For over a decade, GBM has been recognizing outstanding brands among industry sectors. GBM’s Global Brand Awards honors companies that have established strong brands in vital industry sectors, including Fintech.
Clari5 has won Global Brand Magazine’s ‘Most Innovative Real-time Financial Crime Technology Brand, Global-2022’ award in the Fintech awards category. Clari5 received this honor for its commitment to innovation, quality, branding initiatives, customer service & performance globally. Read More
Clari5’s global banking financial crime management solutions profiled in IBSI Fintech Journal, the go-to for technologists, bankers and management consultants. Read More
Deepfake Frauds: Will Banks be the Next Stop?
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 new normal for digital rogues to defraud banks.
Watch an insightful conversation on adopting a unified real-time Fraud Detection and AML (FRAML) Compliance in an ‘as a Service’ model
The rise of digital banking, real-time payments and open banking have also created one of the biggest pain points for the banking industry – real-time fraud. Newer threats and an ever-changing regulatory landscape now demand more robust processes and innovative approaches to combat financial crime, while delivering frictionless customer experiences. The way forward is to adopt unified real-time Fraud Risk and AML (FRAML) Compliance in an ‘as a Service’ mode.
Watch the insightful conversation between Ian Morris, Senior Advisor – Growth Strategy, Clari5 and Christophe Langlois, Global Marketing Lead – Fintech & Developer Ecosystem, Finastra on the advantages of a unified Fraud and AML Compliance on a single real-time platform
Launched! New IBM LinuxONE Servers Now Available to Help Clari5 Customers Reduce Their Energy Consumption
We are excited to share that IBM LinuxONE Emperor 4 will be available globally on September 14, 2022, and Clari5 clients will have the opportunity to reduce energy consumption while reaching sustainability targets. IBM and its partners are helping clients, including those in regulated industries such as financial services, build a modern environment that is designed to improve business agility and reduce overall costs. ISVs can leverage the next generation of IBM LinuxONE’s highly secured and sustainable platform to deploy software across environments.
We are excited to share that IBM LinuxONE Emperor 4 will be available globally on September 14, 2022, and Clari5 clients will have the opportunity to reduce energy consumption while reaching sustainability targets. IBM and its partners are helping clients, including those in regulated industries such as financial services, build a modern environment that is designed to improve business agility and reduce overall costs. ISVs can leverage the next generation of IBM LinuxONE’s highly secured and sustainable platform to deploy software across environments.
Banks today are overwhelmed by the number of delivery channels they need to manage. To provide a stellar digital experience, a predictable and seamless digital experience across channels is key. Banks must examine the roadblocks in the user’s path to a consistent experience and access to information across all channels. In response, banks have been heavily investing in digital transformation to achieve key objectives, including:
Clari5 is a next gen enterprise platform for real-time intelligence, using the best of technology for the most cost effective real-time intelligent solutions for financial institutions in the financial crime risk management domain.
Deployed on IBM LinuxONE and Linux on IBM zSystems, Clari5 solutions offer a wide spectrum of cross-channel and cross-product capabilities with ease of integration using a variety of mechanisms and pre-built connections.
About IBM LinuxONE Emperor 4
According to an IBM IBV study, almost half (48 percent) of CEOs surveyed across industries say increasing sustainability is one of the highest priorities for their organization in the next two to three years. However, more than half (51%) also cite sustainability as among their greatest challenges in the next two to three years, with lack of data insights, unclear ROI, and technology barriers, as hurdles.
The new IBM LinuxONE Emperor 4 is an enterprise server designed to help reduce energy consumption. For example, consolidating Linux workloads on five IBM LinuxONE Emperor 4 systems instead of running them on compared x86 servers under similar conditions can reduce energy consumption by 75%, space by 50 percent, and the CO2e footprint by over 850 metric tons annually.[1] Integrations with energy monitoring tools on the server also enable clients to track energy consumption.
Built on the IBM Telum Processor, IBM LinuxONE Emperor 4 supports data serving, core banking and digital assets workloads and is a platform of choice for organizations that value sustainability and security.
Partners with IBM Ecosystem
As a part of the IBM Ecosystem, Clari5 is helping companies unlock the value of cloud investments by implementing the tools and technologies that can help them succeed in a hybrid multicloud world. We are excited to be working closely with the IBM Ecosystem to bring new innovation to our clients. Based on Linux, customers can benefit from open standards and an ecosystem that IBM LinuxONE offers including modern DevOps and a variety of popular software. This can also help to remove operational barriers when customers deploy and manage technologies on cloud-native infrastructure.
1 Disclaimer: Compared 5 IBM Machine Type 3931 Max 125 model consists of three CPC drawers containing 125 configurable cores (CPs, zIIPs, or IFLs) and two I/O drawers to support both network and external storage versus 192 x86 systems with a total of 10364 cores. IBM Machine Type 3931 power consumption was based on inputs to the IBM Machine Type 3931 IBM Power EstimationTool for a memo configuration. x86 power consumption was based on March 2022 IDC QPI power values for 7 Cascade Lake and 5 Ice Lake server models, with 32 to 112 cores per server. All compared x86 servers were 2 or 4 socket servers. IBM Z and x86 are running 24x7x 365 with production and non-production workloads. Savings assumes a Power Usage Effectiveness (PUE) ratio of 1.57 to calculate additional power for data center cooling. PUE is based on Uptime Institute 2021 Global Data Center Survey (https://uptimeinstitute.com/about-ui/press-releases/uptime-institute-11th-annual-global-data-center-survey ). CO2e and other equivalencies that are based on the EPA GHG calculator (https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator ) use U.S. National weighted averages. Results may vary based on client-specific usage and location.
You can find additional resources about IBM LinuxONE Emperor 4 and IBM below:
