Clari5 and Gijima co-hosted a high-impact webinar focused on emerging fraud threats in Africa’s rapidly digitizing financial ecosystem. The session brought together banking, fintech, and regulatory leaders to discuss how institutions across the continent were modernizing fraud and AML defense with real-time intelligence and AI-driven strategies.
Speakers Dhruv Manga (CRO, Clari5), Jayaprakash Kavala (CPO, Clari5), and Dhiren Vasram (Head of Technology, Gijima) shared insights on the evolving financial crime landscape and showcased practical approaches to unified, enterprise-wide defense.
Key themes included:
• The economic cost of financial crime in Africa, exceeding USD 88 billion annually
• Rising AI-powered scams, deepfakes, and synthetic identity fraud across digital channels
• The need for real-time, AI-driven FRAML (Fraud + AML) platforms that monitor all transactions and entities together
• The regulatory shift toward integrated, enterprise-wide risk intelligence frameworks
• Clari5’s unified platform, combining AI, behavioral analytics, and GenAI explainability for faster detection, fewer false positives, and stronger compliance
The discussion emphasized that fragmented, siloed systems could no longer keep pace with evolving threats. African financial institutions were encouraged to leapfrog legacy models by adopting integrated, AI-first controls that protect trust, reduce losses, and support sustainable growth.
