Newsroom

The time is now: Convergence of real-time Enterprise Fraud Management and real-time AML into a singular platform working as one

Real-time payments need to be backed up with real-time fraud and anti-money laundering measures. Rivi Varghese, CEO, Clari5 (CustomerXPs) explains why financial institutions may adopt a FRAML approach to minimize financial crime and improve risk management and operating efficiencies. Read the complete interview in IBSi FinTech Journal. Read More

More Power to Banks to Fight Financial Crime. Clari5 Now Integrated with Thought Machine’s Vault Core!

Thought Machine’s solution with Clari5 provides enterprise-wide real-time, cross-channel financial crime detection capability to banks. The solution is also extensible to customer experience management to enable real-time cross sell. Read More

Mashreq Bank and Clari5 win ‘The Asian Banker’s MEA Risk Management Award’

The Asian Banker Risk Management Awards is a programme designed to identify emerging best practices and outstanding achievements by the best run Risk Management teams in financial institutions across the region. Mashreq & Clari5 won The Asian Banker MEA Risk Management Award 2021 in ‘Fraud Prevention Technology Implementation of the Year in the United Arab Emirates’.

About The Asian Banker and TAB’s MEA Risk Management Award

Since 1996, The Asian Banker has been a leading provider of strategic intelligence on the financial services industry.

The Asian Banker Financial Technology Innovation Awards Programme is regarded as one of the undisputed benchmarks of the technology innovation in the region. The programme is designed to identify emerging best practices in technology implementations and innovations. Read More

Mashreq Bank and Clari5 win IBSI Global FinTech Innovation Award

The IBS Intelligence Global Fintech Innovation Award is a distinguished recognition of project excellence and winners are determined based on solution originality, project impact, program complexity, adaptability, governance, best practices and tools adopted. This year’s edition of the awards had global participation from 181 submissions, 123 banks across 48 countries and 30 award categories. Mashreq and Clari5 received the honors for the Most Impactful Project in the Best Risk Management Implementation category.

About IBSI and IBSI Global FinTech Innovation Award

Established in 1991, UK-headquartered IBS Intelligence is the world’s only pure-play Financial Technology (traditional and new-age) research, advisory, and media firm, with a global coverage, and a 360° portfolio of intelligence offerings.

For over 30 years, IBSI’s expert teams have delivered independent, in-depth, actionable insights, with a laser focus on everything Financial Technology, to the global banking, consulting, technology, and institutional investor world.

The third edition of the IBSI Global FinTech Innovation Awards identified and honoured technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. Read More

Clari5 Launches Real-time Enterprise Fraud Management and Anti-Money Laundering Apps on Finastra’s FusionFabric.cloud

London, 09 July, 2021: Clari5, the unified real-time, cross-channel platform for bottom-line protection and top-line growth, today announced that its Real-time Enterprise Fraud Management System (EFM) and Real-time Anti-Money Laundering System (AML) applications are available for purchase through Finastra’s FusionStore. The category leading enterprise applications provide banks and financial institutions with the finest solutions for real-time financial crime management.

Going live on FusionStore marks the final stage of the app development journey for firms using Finastra’s open development cloud platform, FusionFabric.cloud. The FusionStore marketplace enables Finastra’s customers worldwide to access, test, purchase and deploy certified apps on top of Finastra core systems, helping them quickly realize the benefits and deliver added value to their customers. Read More

Clari5 Customer Fino Payments Bank Wins Celent Model Risk Manager Award 2021!

9 March 2021, Boston. Clari5 customer Fino Payments Bank won the prestigious Celent Model Risk Manager Award 2021 for the ‘Remote implementation of Enterprise-Wide Fraud Management During the Pandemic’. Fino Payments Bank implemented a modern, AI-enabled enterprise-wide fraud solution from Clari5 across all its channels.

This project is one of the first benchmark success stories of a mission-critical real-time, cross-channel Enterprise-wide Fraud Risk Management (EFRM) solution being activated in Asia Pacific amidst a never-before-of-its-kind crisis situation (the total national lockdown in response to the COVID-19 pandemic) and that was managed and innovatively implemented in a 100% remote fashion. The solution is currently processing transactions of over 1.7 mn+ customers across 200,000 banking points. The EFRM solution also ensured comprehensive compliance with stringent regulator guidelines for early detection / reporting of fraud.

About Celent and Model Risk Manager 2021 Award

For over 20 years, Celent has helped senior executives make confident decisions around their technology strategies to execute at scale. As the financial services industry rapidly evolves, there is more complexity, with new regulations, startups, technologies, and applications to stay on top of and prioritize. Celent helps connect this ever-changing puzzle by offering objective advice and clarity, backed by a database of thousands of solutions and award-winning global best practice use cases.

Every year, Celent recognizes excellence in the usage of technology through their Model Insurer, Model Bank, Model Risk Manager, and Model Wealth Manager Awards. The awards recognize a financial institution’s effective use of technology in different areas, often representing a best practice, and are designed to answer the deceptively simple question: What would it look like for a firm to do everything right with today’s technology? Of course, no firm is a “Model” firm across the board. Therefore, Celent focuses on specific real-world examples of individual technology initiatives. Case studies for the winning initiatives are presented through the annual reports detailing how and what they did to succeed.

The Model Risk Manager Awards recognize best practices use of technology in different areas critical to success in financial risk management, operational risk management, cross risk, and financial crime. Read More