CustomerXPs to Showcase ‘Human Brain Like’ Real-Time, Cross-Channel Fraud Management at MEFTECH

Abu Dhabi, 8 March 2017. Real-time, Cross-channel Banking Enterprise Financial Crime Management software product company CustomerXPs today announced that it will be showcasing their acclaimed product Clari5 at the upcoming MEFTECH event scheduled to be held at ADNEC, Abu Dhabi on 13 & 14 March.

MEFTECH brings together the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, MEFTECH is the definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, MEFTECH attracts the MENA financial industry’s best and brightest minds, serving as a conduit for innovative ideas and thinking.

Voted Best Fraud Detection Product by Risk.net and positioned as Enterprise Solution in Chartis RiskTech Quadrant, Clari5 has the world’s largest implementations and is helping banks in over 8 countries, manage more than 500 million accounts. Clari5 is a non-invasive, real-time, cross-channel system that cross-pollinates intelligence from across all channels and business-critical systems including Core Banking, Loans, Mutual Funds, Cards, POS, ATM Switch, Internet Banking, Mobile Banking, SWIFT, Trade, HR, etc. Its unique architecture ensures horizontal linear scaling using commodity hardware.

Rivi Varghese, CEO, CustomerXPs said, “Banks in MENA are under increasing pressure to quickly detect, prevent and block cross-channel fraud and financial crimes across banking channels, products, and core systems in real-time. The efficacy increases dramatically when the bank unifies all fraud management into a single platform with a 'central-nervous-system approach' which ensures that the massive compute and data management is performed in extreme real-time, across all channels and in-line with the transaction itself. I am excited that we have a platform like MEFTECH that allows banks in MENA to discover this whole new approach to fraud management.”

CustomerXPs will be showcasing Clari5 at ADNEC D4, Hall 5 along with Finesse, their premier technology partner for MENA.