Clari5 Real-time Inline Fraud Prevention


Intelligent multichannel real-time Inline Fraud stopping/RBA engine (with core banking as pivot point)

Top Challenges of Banks

Sophisticated fraud control not present –
 In current systems only login attempts trigger device risk based 2 factor authentication

 For financial transactions, it’s a static binary mapping of either triggering 2FA or not, based on the transaction type. This all-or-none approach is applied irrespective of transaction behavioral patterns

Features

 A "Customer level" decision engine for Real-Time Transaction Authorization. Based on the inherent risk, the system gives the decision to approve/ decline/ perform additional second factor authentication for authorizing transactions

Key Benefits

 Reduced number of fraud cases reported

 Reduced loss (reputation, monetary) due to fraud

 Enhanced customer experience