Clari5 Resource Center

Browse through our repository of best practices to learn how Clari5 can help your bank stay ahead of the fight against financial crime.

Blogs

Blogs

Is Fighting Financial Crime a Tougher Challenge For Challenger Banks?

Is Fighting Financial Crime a Tougher Challenge For Challenger Banks?

Challenger Banks have undoubtedly been a great idea as they have redefined banking with a brand-new model. But they cannot side-step the foundational principle, i.e. banking is a business of trust – something that can be impacted with just one unexpected incident. While their innovative customer-centric strategies make Challenger Banks agile and responsive, the rush to make customer onboarding fast and effortless also makes them more vulnerable to the growing threat of financial crimes.

Striking 2 Birds with 1 Stone: How To Grow Revenue While Preventing Fraud, Using The Same System

Striking 2 Birds with 1 Stone: How To Grow Revenue While Preventing Fraud, Using The Same System

Imagine an intelligent system that studies customers’ behavioral patterns to detect fraud, is also creating precise personas for the bank’s marketing teams to target campaigns to. The same real-time, context-aware logic/approach used to combat cross-channel fraud can also help enable intelligent, hyper-precise targeted and contextual customer engagements.

Tackling Money Mule Frauds During Covid- 19

Tackling Money Mule Frauds During Covid- 19

There’s a rise in fraudsters taking advantage of the socio-economic conditions created by the COVID-19 pandemic, to pull off money mule scams. Besides stealing economic stimulus payments and unemployment benefits, money mule fraudsters are flourishing on opportunities during the crisis.

Deepfake Frauds: Will Banks be the Next Stop?

Deepfake Frauds: Will Banks be the Next Stop?

Where there’s money, there’s crime. Trust fraudsters to leverage new technology in their commitment to gain access to accounts, or to set up accounts or steal money. It is just a matter of time before deepfake becomes another method for digital rogues to defraud banks.

Ciao Dear Cheque! By when will the brave survivor of the digital era depart?

Ciao Dear Cheque! By when will the brave survivor of the digital era depart?

Cut to the beginning of the last decade when the cheque began going through an existential crisis. With digital payments rapidly creating a cashless economy, the cheque has begun heading for the exit door. But there are vast populations that still rely on cheques for transferring funds, so a complete shift to a cashless / paperless economy & society is still a little away.

What Stops Banks From Creating ‘Segment of 1’ Personalized Experiences?

What Stops Banks From Creating ‘Segment of 1’ Personalized Experiences?

Trust, in-person interactions, reasonably good response levels, absence of alternative options – were some of the reasons that brought people to banks before the era of digital and banking domain monopsony. The strategy worked well and it helped create predictable growth and profitability – until the level playing field tilted.

The friendly, neighbourhood bank branch: Will it be around eventually?

The friendly, neighbourhood bank branch: Will it be around eventually?

“Will the bank branch survive?” has been a decade long (if not more) topic of debate. Physical branch networks worldwide are being impacted by the shift to digital transactions. However, there has also been rising customer expectations for better in-person experiences at branches shaped by other retail experiences.

Dealing with Digital Friction in Uncertain Times

Dealing with Digital Friction in Uncertain Times

The pandemic has been having a mammoth socio-economic impact on almost every conceivable aspect and the banking sector too has not been immune. The crisis has put certain critical aspects of the banking universe in the spotlight, including that of customer experience – a vital factor during extreme times.

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