African Banks to benefit from CWG Ghana and Clari5 partnership
African Banks will now enjoy using real-time and enterprise-wide fraud risk management solutions to combat financial crime, thanks to a partnership deal between leading information technology company CWG Ghana and Clari5, a Banking Enterprise Financial Crime Risk Management products company.
The partnership, according to the Managing Director of CWG Ghana, Harriet Attram Yartey, is aimed at helping African banks combat enterprise fraud and money laundering.
Addressing the press in Accra, she explained that the pan-African fraud and money laundering landscape has become alarmingly sophisticated over the last few years, and this had compelled banks in Africa to seek more efficient solutions to combat the scourge.
“But dealing with the new reality is beyond the league of conventional, siloed anti-fraud solutions. With Clari5, banks now have the power of a world-class enterprise-wide real-time financial crime management solution that has been changing the way banks fight financial crime,” she added.
In his remarks the Chief Executive Officer of Clari5, Rivi Varghese said the best way to combat fraud and money laundering is with a solution that can behave like the human central nervous system, to synthesize intelligence from across all channels of the bank in that very moment when it matters most.
“Clari5’s proven real-time product capability in thwarting financial crime, coupled with CWG’s unparalleled market reach and rich legacy of engagement successes makes it a compelling value proposition for innovative African banks to prevent bottom-line losses to financial crime.”
With over two decades of contribution to the Information & Communication Technology sector, CWG – an ISO 9001 certified technology conglomerate has set a benchmark for technology and service excellence in Africa by consistently delivering service excellence using global best practices.