Category: Newsletters
February 2021 Issue
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.
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!
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.
September 2020 Issue
The pandemic has put certain critical aspects of the banking universe in the spotlight, including that of customer experience – a vital factor during extreme times. Imperative therefore to re-visit how customers’ digital experiences can be made frictionless during an exceptionally difficult phase.
“Will the bank branch survive?” has been a decade long (if not more) topic of debate. Physical branch networks worldwide are being impacted by the shift to digital transactions. However, there has also been rising customer expectations for better in-person experiences at branches, shaped by other retail experiences.
Until recently, ‘the cloud’ used to be a bugbear for the banking industry. Banks were hesitant to move vital data and information from in-house environments to the cloud, least of all for financial crime risk management. However, technology advances have made banks relook at conventional models.
Trust, in-person interactions, reasonably good response levels, absence of alternative options – were some of the reasons that brought people to banks before the era of digital and banking domain monopsony. The strategy worked well and it helped create predictable growth and profitability – until the level playing field tilted.
August 2020 Issue
The pandemic has put certain critical aspects of the banking universe in the spotlight, including that of customer experience – a vital factor during extreme times. Imperative therefore to re-visit how customers’ digital experiences can be made frictionless during an exceptionally difficult phase.
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.
The latest edition of the largest global study on fraud reveals how fraud is committed and the most effective ways to detect it. The report reveals fraud losses at global, industry and organizational levels and also recommends how businesses respond when fraud has been identified.
ISPMA’s second fireside chat showcased leaders who had the foresight to choose software product innovation as their singular path ahead. The ‘product natives’, including CustomerXPs CEO Rivi Varghese and CTO Aditya Lal, also discussed why ‘product thinking’ is essential for a solid software product roadmap.
July 2020 Issue
Read the Finovate blog on how despite the COVID-19 disruption, Clari5 has been having some exceptional achievements, besides ensuring zero-disruption for customers.
Technology leader CWG and Clari5 have partnered to jointly help African banks combat enterprise fraud and money laundering. Banks across Africa can now benefit from extreme real-time, cross channel, enterprise-wide fraud risk management capability.
Read the Clari5 case study to learn how a first-of-its-kind remote implementation and go-live of an Enterprise-wide Fraud Management solution during COVID-19 lockdown helped a leading Payments Bank achieve real-time, cross-channel fraud management capability and regulatory compliance.
While digitization and multi-channel banking have totally transformed the industry, the shift has also brought about an unprecedented rise in fraud. A fundamental shift in the entire approach towards fraud risk management itself has become the need of the hour. So that, what is meant to be a trusty sentinel doesn’t end up becoming the proverbial Achilles Heel.
June 2020 Issue
Combat future risk more efficiently to manage risky accounts better and prevent losses to your bottom-line. See how Clari5’s real-time loan origination, monitoring and analytics solution suite can help your bank overcome fraud risk challenges.
ML & AI 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 the new realities in a post-pandemic world. Register Now
The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption. The Financial Action Task Force (FATF)’s latest paper identifies challenges, good practices and policy responses to new money laundering and terrorist financing threats and vulnerabilities arising from the crisis.
The COVID-19 pandemic has been impacting most firms and systems worldwide but Clari5 has been having some remarkably positive experiences, despite the challenging phase. Read the story in leading analytics & AI journal AIM.
