Clari5 Resource Center

Browse through our repository of best practices to learn how Clari5 can help your bank stay ahead of the fight against financial crime.

White Papers

White Papers

Be Prepared. Then Prepare Some More.

Fraud threats have been growing both in sophistication and scope, compelling credit unions to determine where and how to deploy resources to shield from possible breaches, even as they manage their daily operational challenges. So what more can credit unions do to protect themselves from fraud?

An Innovative Approach to Loan Early Warning System

Given the slackening pace of growth preceded by a spike in quantitative easing and flush liquidity in many countries, severely impacted corporate borrowers’ debts servicing, and consequently, there’s a higher potential for loan defaults. This whitepaper examines critical early warning indicators and scenarios, why multidimensional inputs are crucial to LEWS efficiency and the need for an innovative approach to it.

Advanced Customer Data Analytics Redefining Banking

The bank customer of the day has a new avatar. Easy, instant access to wider information, extensive knowledge about choices available and privileged treatment by organizations in other industries have made them remarkably well-informed and demanding. They do not hesitate to quickly shift to whosoever serves their needs best.

AI-based Hybrid Approach to Banking Fraud Detection and Prevention

The use of hybrid fraud detection models to ensure high fraud detection rates with low false positives is a vital aspect of enterprise fraud management. A ‘hybrid’ fraud detection model comprises 4 primary techniques are used to accurately risk score every transaction and to advise the right action of whether to approve, decline or challenge the transaction in real-time with sub-second response time.

Exploring RaaS for Enterprise Financial Crime Risk Management in Financial Institutions

Risk as a Service with a focus on Enterprise Financial Crime Risk Management (EFCRM) is fast becoming a core component in a bank’s overall risk management framework. EFCRM-centric RaaS addresses a spectrum of areas ranging from transaction monitoring to fraud management to money laundering to CFT (combating the financing of terrorism) programs to cyber-security.

Applying Machine Learning And AI In Fraud Detection: A Primer

In the world of financial transactions, rule based heuristics are often employed to detect fraud, rather than to detect anomalies. The cat and mouse chase of financial institutions and fraudsters is an ongoing battle that has costed the global economy close to half a trillion dollars. Given the fundamental shortcomings of rule based heuristics, how does machine learning help in fraud detection?

Credit Cards & EMV

Credit cards have evolved from magnetic strips to chip-and-pin, chip-and-choice, and chip-and-signature cards. EMV is now the de facto global standard for the chip technology embedded in financial payment cards. In the fourth quarter of 2012, there were 1.62 billion...

Cybersecurity vulnerability in Indian banks

Banks and financial institutions are seized with newer forms of threats to the safety and security of their data, a critical asset for any organization. In the age of Internet of Things, criminal activities and data theft have also gotten smarter and savvier, with...

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