Clari5 Automated Charge Recovery Solution
Instant Charge Recovery With The Real-Time ToolThat Top Banks Trust
Clari5 Automated Charge Recovery Solution
Don’t wait till the end-of-the-month and recover credit card, loan and other service charges from customers through analytics. Transform your tedious and error-prone manual charge recovery process into a seamless, real-time one with the combined power of Artificial Intelligence, Machine Learning, Analytics and Real-Time Decisioning.
How Clari5 Automated Real-Time Charge Recovery Solution helps Banks running Finacle
- Automates all charge types across all lines of business and related office accounts to be credited for each month
- Real-Time Calculation and Recovery of Charges
- Enables partial or full recovery of specific charge types from the account
- Multiple workflows to enable activating different workflows for different steps
- Email / SMS messages to customers – compliant with RBI’s directive of informing customers prior to charge recovery
- End of day / end of month reporting for key stakeholders
- Core Banking System/ Finacle Version Agnostic
Clari5 Automated, Real-Time Charge Recovery SolutionBuilt for Finacle; designed for instant charge recovery |
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Supports 2 types of real-time interfaces:
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Messages generated from Finacle Core application server in real-time through in-memory Finacle scripts |
No need for server access to Finacle database; no additional overhead on Finacle servers |
Intelligent, lightweight program on Finacle application server transmits messages to Clari5 without impacting Finacle processes |
Interface perfected through years of R&D and proven for scale / reliability in top Indian banks |
| Clari5 Automated, Real-Time Charge Recovery Solution. | Clari5 | Others |
|---|---|---|
| Proven real-time risk monitoring and decision management platform with out-of-the box integration with Finacle products | ||
| Real-time decision engine with transaction stopping capabilities for Finacle (with sub-second response time) | ||
| Flexibility to deploy system in real-time monitoring mode or transaction stopping mode based on the scenario | ||
| Ability to use cross-channel real-time intelligence for charge recovery, fraud & risk detection | ||
| Ability to extend the same platform for CEM, anti-fraud & AML requirements in future using the same Finacle interface (integrate once – deploy multiple solutions) | ||
| Flexible scenario authoring tool with capabilities to define complex scenarios with push up and push down capabilities (results in lower false positives) | ||
| Flexible advanced case management with comprehensive workflow and investigative capabilities | ||
| Proven solution currently live in some of the largest banks using Finacle (banks with accounts ranging from 1 million to 60 million) with zero impact on Finacle performance | ||
| Proven benefits in implementation cycle & support expertise for Finacle clients |