Product Profile

Clari5 Loan Early Warning Signals Detection

CustomerXPs Software

First Release Date: 02.02.2016

Current Version: Version 4.8 released in June 2016

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Language Support:

United Kingdom

Technology Category: Security & Compliance

Screenshots & Video

Product/Service Description

Clari5 is a next gen enterprise platform for real-time intelligence. We have used the best of technology to bring in the most cost effective real-time intelligent solutions for financial institutions in the financial crime risk management domain. Clari5 real-time intelligence solutions are deployed enterprise wide using commodity hardware in some of the biggest global banks and this is manifestation of our innovation in technology.

Clari5 Loan Fraud Monitoring automates the entire Early Warning Signal Detection. Each of the Early Warning Signals, if represented through a comprehensive set of rules, identifies the pattern of the Loan Account. In addition, it interacts with your Core Banking System and Loan Origination System to identify all early warning signals of interest for the Loan Account Monitoring system. A fully integrated Case Management System and Regulatory Reporting Framework enables the bank to control the end-to-end activities.

Customer Overview

Total Number of customers undisclosed

Customer Size Large Enterprise , Medium

Customer Type Central Banks , Commercial Banks , Corporates , IT Integrators , Other

Target Market Africa , Asia , Australia/New Zealand , Europe , Global , North America

Specific georgaphical coverage undisclosed

Pricing Model undisclosed

Demo & Case Study Urls http://www.fintech.finance/fintech-tv/rivi-varghes...

Features

Comprehensive Early Warning Signal (EWS) Pattern Detection Engine with an ability to dynamically add new EWS and launch them
Integration with multiple Core Systems to factor in the entire Customer behavior to identify any suspicious behavior
Fully Integrated Case Management System to monitor all early warning signals generated by the system and performing additional investiga-tion to authorize an account as a Red Flagged Account
Regulatory Reporting Workbench to electronically generate and file any report required either by the RBI or Law Enforcement Agencies
Management Reporting Workbench to keep the management abreast of Fraudulent Behavior Accounts and general daily activities
Flexibility to Implement either On-Premise or Cloud Based.

Benefits

Comprehensive Investigation workbench –integrated case management, link analysis
Flexible modes of deployments-Real-time monitoring & Real time Transaction Stopping
Business friendly interface for decision and case workflow policies
Cross Channel and Cross Product Coverage
Proven Architecture for Scalability and Performance –Easier Integration
100% scanning of transactions rather than using transaction sample based fraud detection

Platform & Workflow

Server OS AIX (IBM) , Linux (Red Hat, Mandrake, Debian, SuSe, etc.)

Workstation OS Windows , Unix , Linux , Mac

Programming Language and API Java,REST API

SetUp and Installation Options undisclosed

Deployment Period undisclosed

Reporting Capabilities Management Reporting - Role based Management Reporting and Dashboarding using embedded Enterpsise BI platform

Security Options Clari5 Solution supports SSO. Clients can also integrate Clari5 solution with the existing authentication servers (LDAP/AD) deployed.

The product/service compliant with the following regulatory standards BSA , FATF guidelines on AML , FFIEC