Clari5 Real-Time, Cross-channel Enterprise Anti-Money Laundering (AML) for Banks
Clari5 real-time, cross-channel AML compliance solution protects banks from hefty fines due to regulatory non-compliance and reputational loss, by offering fully automated, centralized, evergreen superhigh volume/low latency technology - overcoming legacy semi-manual technology which is slow to adapt to regulations and to real-time transactions volume.
Constant changes in AML guidelines exposes banks with traditional technologies to high false positives and manual intervention especially in emerging innovations such as digital banking and real-time payments, resulting in reputational loss and regulator penalties. Real-time payments are driving both financial crime opportunities and volumes, but are dealt with through post factum screening, resulting in increased bottom-line losses to fraud. With regulators demanding a centralized crime view, banks with siloed AML and anti-fraud data management practices require real-time, cross-channel capabilities to detect potential money laundering threats.
Automation and flexibility to keep up with regulations
Flexible scenario authoring & exceptions flow, built-in support for volume spikes, automated updates and readily available APIs to drastically shrink solution implementation timelines
Real-time AML Compliance
Real-time response to all AML compliance checks, including customer/ payments sanctions screening and transaction monitoring.
First steps towards consolidated crime data and operation
Unified real-time fraud detection and real-time compliance platform, leading to better regulatory compliance and reduced TCO.
Clari5 AML suite offers Sanctions Screening, Suspicious Activity Monitoring, Customer Risk Categorization, Integrated Case Management, Regulatory Reporting Workbench and Comprehensive Management Reporting.