The growing menace of frauds like account takeover and identity theft have posed big threat to the safety of online banking transactions. The importance of combating such frauds in real-time becomes even more important owing to the vulnerability of the channel involved.
Clari5 Online Banking Fraud Management solution helps banks detect and prevent fraud before the online banking transaction is completed and take necessary action to prevent the damage. Clari5 can identify fraudulent activities across the bank by monitoring all online banking transactions including login, beneficiary registration and funds transfers. The solution provides foolproof combat mechanism against threats like identity theft, account takeover fraud and money mules.