Clari5 Multi-Channel Fraud

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Overview

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.

Key Features

  • Tracks Cross-Channel and Cross Product patterns in real-time and cross pollinates the information for better decisions.
  • Tracks not just the channel where the fraud terminates but also the originating channel to deliver holistic fraud monitoring.
  • Provides comprehensive functionality with pre-packaged channel, products and geography specific scenarios.
  • Powerful monitoring engine functioning in absolute real-time.
  • Easy configuration of scenario parameters based on internal policies during deployment/run time using Clari5’s Scenario Authoring Tool (SAT).

Key Benefits

  • Enhanced fraud detection and prevention capability
  • Integrated multichannel solution with core banking as central
  • Dramatic reduction in number of false positives
  • Reduced cross channel fraud and fraudulent events
  • Ready to integrate enterprise system