Clari5

Starfish Approach to Fraud Management is hurting Banks. #StarfishBanks

Starfish like ideology of the banks handling risks is no longer acceptable. Starfish Banks are no longer thought as the most important and profitable economic factors: they are more seen as potential danger to stability of the organization. As banking regulation is developing and in future it will be in a manner similar to other industries such as the chemicals industry.

Real-time, Cross-channel Transaction Monitoring and Fraud Management for India’s Top 5 Bank

Increased sophistication in the banking system has simultaneously increased sophistication in banking frauds. Banks today face a growing risk of fraud incidents via phishing and identity theft, ATM frauds, payment card fraud, cross channel frauds, malware & Trojan attacks and SIM swap. Clari5 from CustomerXPs has helped one of the largest private sector banks in India overcome these challenges and detect/manage frauds and money laundering on a unified platform, a first in the country.

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