Clari5 Market Research Report

Company Overview

Name

Clari5

Mission of the Company

To create 'customer-centered predictable enterprises' by directing intelligence to the heart of every customer interaction in real-time.

Founded

2006

Founders

• Rivi Varghese

• Balaji Suryanarayana

• Aditya Lal

Key People

• Rivi Varghese - Founder & CEO

• Balaji Suryanarayana - Co-founder & COO

• Aditya Lal - Co-founder & CTO

Headquarters

No information is available

Number of Employees

No information is available

Revenue

No information is available

Known For

Clari5 is known for processing 10+ billion transactions and managing 900 million accounts across marquee banks worldwide. It has the world’s largest implementation of a fraud management solution with 340 million accounts at a single site.

Products

Real-time Enterprise Fraud Management

Description

A real-time intelligent Big Data solution that combats sophisticated fraud with actionable insights.

Key Features

• Monitors suspicious activities in real-time

• Cross-channel fraud detection

• Prevents employee/internal fraud

• Customized integration with banking systems

Real-time Anti-Money Laundering (AML) Solution

Description

Automates, streamlines, and complies with national and global compliance programs.

Key Features

• Suspicious Activity Monitoring

• Customer Risk Categorization

• Entity Identity Resolution/Watch List Filtering

• Regulatory Reporting (CTR/STR/SAR/FATCA)

• Case Management

• Entity Link Analysis

Customer Experience Management (CEM)

Description

Offer individualized customer experience across all channels with real-time analytics and insights.

Key Features

• Delivers instant contextual intelligence

• Empowers employees for better service

• Provides real-time insights for cross-sell/upsell opportunities

Payments Fraud Reporting

Description

Automates comprehensive fraud reporting to regulatory agencies like RBI.

Key Features

• Unified, integrated fraud reporting platform

• Visually rich dashboards and reports

• Data integration from multiple sources

Customer Looped Alert Management Service (CLAMS)

Description

Omnichannel transaction verification SaaS to verify banking transactions using preferred customer communication channels.

Key Features

• Real-time transaction verification through SMS, phone calls, WhatsApp

• Immediate fraud detection and mitigation

Identity Resolution Solution

Description

Achieves a unified view of customers across all lines of business to minimize risk.

Key Features

• Advanced Identity Resolution algorithms

• Real-time data processing

• Powerful fuzzy match and de-duplication

Loan Origination and Monitoring Solution

Description

Analytics solution to identify potential loan customers and detect loan fraud.

Key Features

• Monitors loan term transactions

• Uses AI/ML for creditworthiness assessment

• Provides real-time analytics and predictions

Trade Based Anti-Money Laundering (TBAML)

Description

Protects trade finance transactions from potential money laundering activities.

Key Features

• Monitors real-time trade transactions

• Compliance with regulatory filings like CTR, STR

• Automated detection of misrepresentations or falsified information

Graph Intelligence

Description

Visual investigation solution to reveal hidden linkages between customers, accounts, and transactions.

Key Features

• Powerful visualization and data aggregation

• In-depth search capability

• Flexible data attributes definition

Inbound Monitoring & Scam Detection Solution

Description

Detects money mules and monitors inbound transactions using AI/ML.

Key Features

• Real-time cross-channel fraud detection

• Reduces false positives

• Monitors financial and non-financial transactions

• Graphical intelligence tool for investigating money flow patterns

Recent Developments

Recent Developments in the Company

• 2023: Clari5 was positioned as a Category Leader in Chartis Research RiskTech Quadrant® for FRAML Solutions.

• 2022: Won Global Brands Magazine’s ‘Most Innovative Real-time Financial Crime Technology Brand' award.

New Products Launched

No information is available

New Features Added to Existing Products

No information is available

New Partnerships

• April 2024: Clari5 partnered with Gijima, a leading South African ICT company, to help African banks combat real-time cross-channel enterprise crime management.

Conclusion

No information is available