Clari5

Launched! New IBM LinuxONE Servers Now Available to Help Clari5 Customers Reduce Their Energy Consumption

Launched! New IBM LinuxONE Servers Now Available to Help Clari5 Customers Reduce Their Energy Consumption

We are excited to share that IBM LinuxONE Emperor 4 will be available globally on September 14, 2022, and Clari5 clients will have the opportunity to reduce energy consumption while reaching sustainability targets. IBM and its partners are helping clients, including those in regulated industries such as financial services, build a modern environment that is designed to improve business agility and reduce overall costs. ISVs can leverage the next generation of IBM LinuxONE’s highly secured and sustainable platform to deploy software across environments.

Creating Frictionless Banking Customer Experiences During Demanding Times

Creating Frictionless Banking Customer Experiences During Demanding 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. Imperative therefore to re-visit how customers’ digital experiences can be made frictionless during an exceptionally difficult phase.

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.

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.

What More Can Mission-driven Banks Do To Tackle Financial Crime?

What More Can Mission-driven Banks Do To Tackle Financial Crime?

A recent survey by the National Center for Public Opinion Surveys under the King Abdulaziz Center for National Dialogue revealed that 62% of Saudis are exposed to attempts of financial fraud. About 28% of those who were exposed to financial fraud attempts said that there was a relationship between the financial fraud attempt they had been exposed to and a previous activity they had done.

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.

Fraud Prevention During COVID-19. Best Practices For Financial Institutions.

Fraud Prevention During COVID-19. Best Practices For Financial Institutions.

Given the response strategies to the COVID-19 pandemic implemented by federal, state and local governments globally, consumers’ behavioral changes during this phase, and Financial Institutions’ (FIs) staffing and mobility constraints, fraud prevention must be tackled in a different manner.

Smarter Loan Fraud Detection. Best Practices for Smaller Financial Institutions

Smarter Loan Fraud Detection. Best Practices for Smaller Financial Institutions

Loan fraud is impacting smaller banks, community banks and credit unions at twice the rate of larger counterparts. An innovative approach helps smaller financial institutions do more to detect fraud hidden in bad loans to reduce losses and increase approval rates.

Fraud Risk Management 101: Top 5 Fraud Prevention Best Practices in Banking

Fraud Risk Management 101: Top 5 Fraud Prevention Best Practices in Banking

As per ACFE’s last Report to the Nations, fraud is a staggering $ 4 trillion global problem – a size and scale astronomical enough for every bank to seriously rethink their entire fraud risk management approach. Let’s take a look at the top 5 implementable best practices that make for the foundation of a robust banking enterprise anti-fraud framework.

From BI to AI: Moving from ‘What happened?’ to ‘What’ll happen next?’

From BI to AI: Moving from ‘What happened?’ to ‘What’ll happen next?’

Business intelligence (BI) solutions are not new to banking. With a blend of tools, techniques, and technology, BI processes information with accuracy, which otherwise would have been performed by humans. BI solutions have been enabling banks with capabilities to generate more revenue, reduce costs, mitigate risks, and more.