CWG Inks Strategic Partnership with Clari5 to Help African Banks Combat Financial Crime in Real-Time
June 9, 2020
Leading African IT company CWG, has partnered Clari5 to jointly help African banks combat enterprise fraud and money laundering. Through this strategic partnership, CWG and Clari5 will provide solutions to African banks to counter enterprise-wide fraud and money laundering risk. Banks across Africa can now benefit from the unparalleled advantages of Clari5’s extreme real-time, cross channel, enterprise-wide fraud risk management capability.Read More
Despite the negative news and noise all around about how the pandemic has been impacting most firms and systems worldwide, banking EFM solutions category leader Clari5 has been having some very positive experiences. Read the story in leading AI / Data Sciences journal Analytics India Magazine about how we have been overcoming a never-before-of-its kind challenge and how other companies can find some of the best practices helpful. 
Clari5 is among 5 Asian firms in the global Top 100 RegTech leaders the regulatory industry needs to know about in 2020. RegTech 100 is an annual list of 100 of the world’s most innovative RegTech leaders and recognizes solution providers shaping the future of compliance, risk management and cybersecurity. 
As Chartis Research had highlighted in their previous iteration of this report, the landscape for enterprise fraud is increasingly dividing into 2 distinct areas: account-based fraud and payments-based fraud.
IBS Intelligence and Cedar Management Consulting conducted their second FinTech Roundtable to discuss the need for innovations in treasury management systems and regulatory technologies in the Middle East banking ecosystem. On the need to develop solutions around fraud or risk management, treasury management and compliance, Clari5 (CustomerXPs) CEO, Rivi Varghese said with cyber-attacks now getting coordinated for short durations, the need is more pressing for banks to adopt solutions that prevent them from risks resulting in financial loss. 
Clari5 has been featured once again in the Fintech Global RegTech 100 – a list of 100 of the world’s most innovative RegTech companies that financial institutions need to know about as they develop their RegTech strategies. The selection criteria included key factors such as impact on the problem being solved; growth in terms of capital raised, revenue, customer traction; innovation of technology solution offered; potential cost savings, efficiency improvement and revenue enhancements generated for clients; and how important is it for a financial institution to know about the company.