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Clari5 Cross-Channel Loan Origination
Monitoring Solution

Identify Fraudulent Loan Applications With
Pattern-Matching Analysis In Real-Time

Fraudulent Loan Origination

Clari5 Loan Origination Monitoring Solution

Banks are being increasingly challenged with a variety of frauds – most of which are perpetrated by agents who are not direct customers. Fraud perpetrators use the ‘n’ number of channels that modern-day banking provides and utilizing umpteen opportunities to their advantage; for instance Credit Card fraud by skimming and later usage at foreign locations. Identification and precise tracking of these types of fraud is done via continuous monitoring of accounts and the financial/ non-financial transactions leading from them.

Another type of fraud is orchestrated by customers who take benefit of ineffective safeguards against fraud for credit products. Banks work on very thin margins because of extensive regulations and controls around their operations and interest fees on credit products is their bread and butter. Quite naturally, any fraud perpetrated on these products hit the hardest.

Bank’s Credit Departments are tasked with identifying and establishing a customer credit-worthiness before disbursing funds. They must also invests efforts in identifying Account Organizing Frauds to handle cases internally and take quick, preventive actions if required.

Clari5 provides a comprehensive rule-based fraud identification mechanism that enables your bank to identify fraudulent applications/loans/customers in real-time. Clari5 can be configured to perform granular pattern-matching against a large set of pre-configured variables to automate fraudulent scenarios. Clari5 LOS enables your bank to accelerate the entire Credit Processing workflow to help identify and address potential fraudulent cases.

Clari5 Loan Origination System

  • Single portal to control all frauds within the Credit Cycle
  • Configurable solution that allows Scenario deployment in the real time
  • Transaction Monitoring for all sets of operations beginning from Loan Application to Loan Disbursal and Collections
  • Customizable Product master with an ability to dynamically configure new products
  • Web based Scenario engine for creation of new fraud scenario as and when required, without coding or any effort from the IT team
  • Control Internal Fraud where colluding employees connive with customers to perpetrate fraud
  • Trigger Suspicious Cases to fraud Monitoring team for the detailed Analysis and Reporting
  • Multi-channel environment Dployment for seamless experience across the channels
  • Capabality to report Loan Defaults according to Central Bank’s Guidelines

SAMPLE SCENARIO 1 : COLLUSION BETWEEN BANK EMPLOYEES & CUSTOMERS

SAMPLE SCENARIO 2 : IDENTIFICATION OF NOMINEE LOANS

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