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
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Product/Service details
SOLUTION OR SERVICE TYPE
Anti-Fraud Systems, Anti-Money Laundering Suites, Case Management Systems, Enterprise Risk Management Systems (ERM), Financial Crime Analytics Systems, Financial Enterprise Risk Management, Insider / Employee Fraud Systems, Investigative Case Management Systems, Know Your Customer Systems (KYC), Transaction Monitoring Systems, Watchlist Screening Systems