Clari5

Clari5 Enterprise Fraud Management

Real-time, cross-channel fraud management (instead of the conventional channel silo-based approach) to detect and deter ingenious attempts bankwide.

Clari5 Enterprise Fraud Management for Banks

Clari5 Enterprise Fraud Management Solution is a real-time intelligent Big Data solution that combats sophisticated fraud with real-time, actionable insights. It monitors suspicious activities in real-time, and takes the right decision at the right time as opposed to end-of-day reporting and analysis. Clari5 EFM is designed to meet the fraud detection, investigation, prevention, monitoring compliance and audit needs of banks.

Enterprise Fraud Management Solution

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Employee Fraud Detection

The growing prevalence of internal fraud has mandated use of technology solutions to counter such instances. The need of the hour is a comprehensive solution that scrutinizes suspicious employee behavior and immediately prevents fraud from taking place. 

Clari5 Employee Fraud Management enables real-time prevention of employee or internal fraud. It enables the bank to systematically enforce a fraud-free culture while controlling and detecting access to critical customer information.

Transaction Monitoring

Core banking is one of the most important channels for banking since the bulk of high-value transactions pass through it. In spite of its vulnerability, most of the core-banking transactions are monitored post-facto that leaves enough room for fraudsters to get away with the fraud. 

Clari5 Real-time Transaction Monitoring solution protects banks against core-banking frauds like customer, account and employee level frauds. It makes use of real-time intelligence and predictive analytics to detect and stop/hold suspicious transactions as they happen in the core banking system.

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Online Banking Fraud

The growing menace of account takeovers and identity thefts are severely impacting the safety of online banking transactions. Combating such frauds in real-time becomes even more critical given the vulnerability of the channel involved. 

Clari5 Online Banking Fraud Management provides a foolproof mechanism for threats such as Identity Theft, ATO and Money Mules. It identifies fraudulent activities across the bank by monitoring all online banking transactions including logins, beneficiary registrations and fund transfers.

Clari5 helps detect and prevent the potential fraud before the online transaction is completed and takes necessary action to prevent the damage.

Payment Card Fraud

Payment Cards (Debit, Credit and Prepaid) have raised the levels of convenience for customers. However, the convenience also comes with a high potential for fraud and funds theft during transactions. 

Clari5 Payment Card Fraud Management is a comprehensive solution that combats card fraud in real-time. It provides the payment instrument issuer, payment processor or the merchant acquirer the necessary arsenal to monitor, detect and prevent all card frauds including Card-Not-Present (CNP) situations.

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Multi-Channel Fraud

Cross-channel frauds pose the biggest threat to banks that use traditional silo-based fraud management systems. Countering cross-channel frauds requires a holistic view of the entire ecosystem, take the multiple entities into account, and cross pollinate relevant information in real-time across all products and channels. 

Clari5 Cross-channel Fraud Management is a complete solution that uses intelligent models based on neutral networks, time series and complex analytics to proactively combat cross-channel/cross-product fraud. Clari5 combats frauds across velocity, internal & threshold types.

How can Clari5 help my bank?