CedarIBSI FinTech Lab Roundtable Discusses Need For RegTechs in Middle East
December 5, 2019
IBS Intelligence and Cedar Management Consulting conducted their second FinTech Roundtable to discuss the need for innovations in treasury management systems and regulatory technologies in the Middle East banking ecosystem. On the need to develop solutions around fraud or risk management, treasury management and compliance, Clari5 (CustomerXPs) CEO, Rivi Varghese said with cyber-attacks now getting coordinated for short durations, the need is more pressing for banks to adopt solutions that prevent them from risks resulting in financial loss. Read More
Clari5 has been featured once again in the Fintech Global RegTech 100 – a list of 100 of the world’s most innovative RegTech companies that financial institutions need to know about as they develop their RegTech strategies. The selection criteria included key factors such as impact on the problem being solved; growth in terms of capital raised, revenue, customer traction; innovation of technology solution offered; potential cost savings, efficiency improvement and revenue enhancements generated for clients; and how important is it for a financial institution to know about the company. 
Technology solutions and services leader Magnus Corporation Ltd. recently announced that it has inked a strategic partnership with CustomerXPs for taking their acclaimed real-time EFCRM product to Bangladesh banks. The companies will work together on providing banks with extreme real-time intelligence for preventing fraud and money laundering attempts.