January 2021 Issue

A Big Thank You!

2020 was singularly one of the most demanding years in living memory – a severe test of capabilities, endurance and fortitude. But despite the overwhelming turbulence globally, we went above and beyond to do justice to the trust that our entire ecosystem – our employees, our partners, our customers – have in us. The ‘new normal’ pushed us – to do more, do differently, do faster – and in the process we ended up accomplishing much more. And this simply wouldn’t have been possible if it weren’t for ‘You’. So a big Thank You for being a vital component in our journey this year. As we look forward to another action-packed year, from each one of us at Clari5, we wish you a wonderful and fantastic 2021 – a brand new year of new beginnings, new frontiers and new promise!
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 of concept, speed to market, governance, best practices and tools adopted. This year’s edition of the awards had global participation from 220 banks and technology vendors across 52 countries. Fino Payments Bank, along with CustomerXPs won this premier award for flawlessly implementing + quickly going live with Clari5 Enterprise Fraud Management solution, despite the challenging Covid situation – a testimony to our shared vision of execution excellence.

“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.

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.