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November 2017 Issue

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Global Top 100 Once Again!

Chartis Research’s latest report provides an overview of trends in financial crime compliance systems that include KYC and AML capabilities. The report positions AML solution vendors as ‘Best of Breed Solutions’, ‘Point Solutions’, ‘Enterprise Solutions’ and ‘Category Leaders’ based on market potential and completeness of offering. Clari5 is positioned as a ‘Category Leader’ in the RiskTech Quadrant for AML solutions, 2020.

Machine Learning in Anti Money Laundering

Increasing levels of cybercrime and an ever-changing regulatory landscape makes a technology-driven compliance function a necessity rather than a competitive advantage.

AI-powered ‘Gen-centric’ Banking

With increasing diversity in the banking customers’ age groups, needs, values, priorities and perspectives, banks interact with many ‘generations’ of customers. Multigeneration banking evolved from the need for providing personalized and unique experiences to a variety of customer segments.

RegTech ‘AI’ding Compliance

From driverless cars to virtual personal assistants, AI is transforming industry sectors but not really when it comes to banking regulatory compliance. Implementing AI-based regtech early can help accelerate compliance.

October 2017 Issue

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Frictionless, Secure Customer Journey in PSD2

Payments Services Directive 2 cites the need for strong customer authentication for transaction security. But this can put payment service providers in a Catch 22 situation by having them balance transaction security and customer experience. See how Risk Based Authentication can help without compromising security and ease of use.

Financial Crime and Brexit: De-risking UK’s Fintech

Brexit will have a far-reaching impact on the UK and Europe across all sectors including the financial sector. This paper takes a quick look at financial fraud in the context of Brexit and the key points which CROs must be aware of.

Infographic: Artificial Intelligence for Better CX

Majority of bankers believe that AI will revolutionize the way information is gathered and expect AI to accelerate better customer experience. See the stats and how AI can transform customer experience in banks.

Case Study: Real-time Insights + Automation + AI Transforming CX

See how Clari5 helped a premier bank with over 80 million accounts, more than 4500 branches and presence in 19 countries to improve customer delight with real-time intelligence.

September 2017 Issue

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CustomerXPs Does It Once Again!

CustomerXPs has been positioned as Enterprise Solution for the 2nd consecutive year in the Risktech Quadrant for Enterprise Fraud Technology in the 2017 Chartis Financial Crime Risk Management Systems Report. Download the full report.

An All-new ‘Financial Crimes Department’

FinCEN is on a crusade to have financial institutions integrate fraud detection with AML. At most FIs, these two functions are in different departments. By bringing the two together into a unified Financial Crimes Department, FIs can operate much more efficiently.

Insider Fraud in Banks: How Serious is the Threat?

Just how rampant is insider fraud and why are banking and financial institutions having such a difficult time preventing it? Take a look at the size of the problem, the types and ways to address it.

Who is Responsible? Bank or Customer?

RBI’s recent mandate on Zero Customer Liability urges banks to implement a two-way communication for transaction alerts, which allows customers to reply to every transaction alert. Discover how Clari5’s pre-built 2-way response capability can help your bank.

August 2017 Issue

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Clari5 Clients Continue Their Winning Streak

Clari5’s financial institution customers are continuing to receive highly coveted acclaim from global industry bodies for adopting a real-time, cross-channel approach to fighting financial crime.
 

Who is Responsible? Bank or Customer?

RBI’s recent mandate on Zero Customer Liability urges banks to implement a two-way communication for transaction alerts, which allows customers to reply to every transaction alert. Discover how Clari5’s pre-built 2-way response capability can help your bank.

Launched! #StopBankingFraud

New conversation on our Twitter channel with questions, perspectives and ideas around fighting fraud and enhancing customer experience in banks. Join in!
 

Asia’s Growing Financial Crime: Shielding from the Growing Threat

With Money Laundering leading the charge followed by Corruption/Internal Fraud & Card Fraud, the situation may seem bleak but not entirely unsalvageable. While there are several actionable ideas, There are a few that stand out.

July 2017 Issue

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Express Computer: Clari5 Client IndusInd Bank turns Fraud Management into Revenue Stream

“By using insights from the fraud management system, we can better understand how customers transact and get more intelligence on their transactional behavior. We can look at common patterns and make our marketing campaigns more effective,” Mridul Sharma, CIO, IndusInd Bank.

Event: Clari5 at Colombo Risk Symposium

The premier event featured Clari5 demonstrating how Sri Lankan banks can tackle the growing threat of financial crime with an unconventional approach.
 

Blog: Situational Intelligence in Fraud Prevention

Customer communication and preferences can be vital in detecting fraud early. Can a bank equip customers to control transactions as an effective fraud protection mechanism?

Infographic: Leveraging Big Data Analytics in Banks

While the generic benefits of Big Data Analytics are known, applying it in the banking context for fraud prevention and cross-sell must be treated differently.
 

June 2017 Issue

Posted on by Clari5

Combat Fraud and Grow Revenue with Clari5

Watch our latest video to know why Clari5 is a bank’s best bet for fighting fraud and growing revenue.
 

Top 5 Bank Transforms Customer Engagement with Instant Contextual Insights

See how Clari5 is helping the bank’s 4500+ branches generate over 1000 cross-sell/upsell opportunities every day with precise real-time insights.

How to Better your Bank’s AML Compliance

Alarming revelations on money laundering and banking frauds have emerged in recent surveys of Middle East and North African nations. Read more to discover what can be done.

 

How to Better your Bank’s AML Compliance

There is an upsurge in regulations and fines with banks failing to comply with AML guidelines. See the key factors influencing compliance, the challenges and actionable strategies.

May 2017 Issue

Posted on by Clari5


SeamlessClari5 Once Again At Seamless, Dubai > 1/2 May

CustomerXPs will be at there once again at this year’s edition of Middle East’s premier summit. The focus this time: How banks can monetize their investments in fraud to also grow topline. Read More


NASSCOMIndusInd Bank – Celent Model Bank Of The Year For ‘Yin-Yang’ Approach in Fighting Fraud

IndusInd Bank has won the prestigious Celent Model Bank of the Year Award for Fraud Management and Cybersecurity for leveraging investments in fraud management to pay for itself. Read More


ETBest Fraud Detection Solution for Islamic Banking

At a gala event at KL, Malaysia, Clari5 received the Golden Globe Tigers 2017 Award for Best Fraud Detection Product for Islamic Banking. Read More


SyncSynchronizing Your Bank’s EFM+AML Strategy

Conventional, compartmentalized approaches are no longer a match for sophisticated banking fraud. A synchronized EFM + AML approach helps combat new age financial crimes. Read More


April 2017 Issue

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Break-Filter-BubbleWhite Paper: Break Filter Bubbles in Banking Enterprise Fraud Management

Banks need to synthesize holistic wisdom from core systems and not just from channel silos. From depth of analysis, ease of configuration/ implementation and cross channel fraud detection to insider fraud detection and real-time high availability, a synchronized Enterprise Fraud Risk Management approach delivers compelling advantages over a Delivery Channel silos only approach. Read More

NASSCOMReport: NASSCOM IT Strategic Review 2017 – featuring CustomerXPs

The premier IT industry association expects emerging technologies in fintech to strengthen this year. While core banking continues to be the mainstay of fintech, new developments in fintech are enabling banks and customers to go digital. Analytics, automation, fraud management, machine learning and blockchain are to take a big step ahead. Read More

ETBanks & Fintech Startups See More Value In Cooperation Than In Rivalry

Read about how ICICI bank’s first tryst with fintech involved getting their customer service to climb up the experience curve. The article talks about how CustomerXPs built augmented intelligence that dipped into the bank’s internal systems to create profiles of customers, their relationship with the bank and the best product they were likely to buy next. Read More

ThreatBlog: Monetizing Your Anti-Fraud Solution to Make Money for Your Bank

In Chinese philosophy, yin and yang explains how seemingly opposite or contrary forces may actually bring balance in the natural world. This idea actually applies perfectly in the context of application of enterprise level fraud management systems. Read More

March 2017 Issue

Posted on by Clari5

Interview: The Power of ‘Segment of 1’

How can a powerful theory be practically applied in real-time for fighting fraud and maximizing customer revenues intelligently? In his latest interview with FinancialIT, CustomerXPs CEO Rivi Varghese explains how precise, real-time contextual interventions using the ‘segment of 1’ approach helps bank. Read More

NASSCOMWhite Paper: Core Banking led vs Alternate Delivery Channel only Approach for tackling Enterprise Fraud

A Core Banking led fraud detection approach delivers 5 compelling advantages over silo-ed Delivery Channel based systems mainly depth of analysis, ease of configuration/implementation, cross channel fraud detection, insider fraud detection and real-time high availability. Read More

Blog: Countering Card Fraud. Is Chip & Pin Technology Enough?

To fight fraud effectively, banks must think beyond silo-ed, channel-centric approaches. Intelligent platforms are now available that harness data in real-time from across channels to not only deliver a unified anti-fraud mechanism but also help create a secure ecosystem. Read More


ThreatInfographic: Trends Threatening Banking

With financial fraud rapidly becoming more innovative, banks need to be in the know of evolving trends that are impacting growth. See the top threats, the key influencing factors, the fraud footprint and a few ideas to address the menace. Read More


February 2017 Issue

Posted on by Clari5


Break-Filter-BubbleHow To Monetize your Anti-Fraud Solution to Make Money for your Bank

How To Monetize your Anti-Fraud Solution to Make Money for your Bank. Read More


NASSCOM‘Money Rolls’

The next episode in the financial fraud thriller series based on Clari5 product use-case scenarios, co-produced and directed along with Banking Technology magazine. Read the previous episodes – Read More
Ep 3: Inside Job
Ep 2: Blacklisted
Ep 1: Malafide Intentions


ETInfographic: Credit Card Frauds 101

Credit Card frauds have been on rise for a while. People need to know, how the fraud happens. Therefore, Clari5 brings you a visual depiction of how card fraud perpetrates along with snapshot of amount of loss faced by the financial institutions.Read More


ThreatClari5 Case Study: Real-time AML for Prominent Bank

See how Clari5’s unified AML + Enterprise Fraud Solution is helping renowned private sector commercial bank combat sophisticated financial crime in real-time. Read More