• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 12, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

CWG Ghana Partners with Clari5 to Bring Real-Time Fraud Management Solutions to Banks and Fintechs

August 4, 2022
Stephen M.Cby Stephen M.C
in Banking
0
CWG Ghana Partners with Clari5 to Bring Real-Time Fraud Management Solutions to Banks and Fintechs

Cybersecurity firms CWG Ghana and Clari5 from India have put forward a suit of real-time monitoring solutions that enables timely intervention and fraud prevention of Ghanaian banks and Fintech industry.

The two have been collaborating for the past two years and have now rolled out their award-winning tailor-made and client-focused real-time fraud management solutions in various financial and other corporate institution both in Ghana and other parts of Africa.

Whereas their solutions are delivering great results and value for individual institutions, Clari5 CEO, Rivi Varghese stated that it is time for more centralized solutions that enable all operations of the various institutions to be monitored from one central point to make it even more difficult for fraudsters, whether they operate from within the organization or outside, to succeed.

RelatedPosts

BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences

Gov’t Pumps GH₵1.4bn into NIB to Avert Collapse Ahead of IMF Review

Standard Chartered Declares GH¢227.94m Dividend, Reaffirms Long-Term Growth Commitment at 55th AGM

Speaking at an engagement with the media during a working visit to Ghana. Riva Varghese averred that the ISO certified and multiple award-winning Clari5 solutions are clinical in that they protect not just the systems of the institutions, but also individual customers whose usual behavioural patterns have been fed onto an AI (artificial intelligence) platform, and therefore, any unusual pattern detected is flagged and blocked by the system.

Rivi Varghese noted that the fintech revolution, which has given rise to digital payments across networks and borders, has even made the risk higher, by making it even easier for fraudsters, both outside and within financial institutions to collaborate and operate remotely without being detected on time.

“We are in an era where bank CEOs and staff are unable to sleep at night like they used to because digital payments go on 24/7, so, if you don’t stay alert, you and your clients can be defrauded. This is also a time when banks run a risk taking on fintechs as partners, particularly if those banks do not have effective fraud management systems in place because fintechs open banks up to higher and a wider range of risks.”

Rivi Varghese

Clari5 Solutions Protect Banks

Rivi Varghese noted that the Clari5 solutions being deployed in some of the biggest banks and corporate organisations across India, Africa and in Ghana, promises to protect banks and even fintechs against financial and payments risks including money laundering, identity theft and many more.

Managing Director of CWG Ghana, Harriet Attram Yartey noted that whereas the company has deployed its effective security systems in number of leading institutions across the country, it has also learnt, over the period that several institutions in Ghana see technology and cybersecurity as a cost centre, and so they prefer to avoid it or cut corners for cheaper solutions which eventually fail to deliver value.

According to the Director, CWG Ghana has particularly made its high-value solutions affordable and cost-effective, backed by very deliberate strategies to enable local institutions derive value from them.

“We are not the type of organization that sell solutions and leave the client to figure it out. We stay with you for a lifetime and sometimes we even leave our staff permanently on location to continue to work with the client to ensure full value.”

Attram Yartey

Harriet Attram Yartey is therefore urging corporate institutions, particularly those in the financial sector to focus more on leveraging technology to drive revenue growth and stem fraud.

READ ALSO: SEC Seeks to Strengthen Its Surveillance through Digitization

Tags: BanksClari5CWG GhanaCybersecurityFintechFraud management
Please login to join discussion
Previous Post

ACEP Reinforces Stance on Ameri Power Plant Relocation, Debunks Minister’s Claims

Next Post

LPG Marketers Association Calls Off Industrial Action        

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Ewurabena Aubynn
General News

NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun

July 11, 2025
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
General News

Minority Decries Violence, Police Inaction in Ablekuma North Rerun

July 11, 2025
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
Banking

BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences

July 11, 2025
AU Urges Human Dignity In Corruption Fight
Africa

AU Urges Human Dignity In Corruption Fight

July 11, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Nearly 800 Killed While Trying To Receive Food Aid In Gaza

July 11, 2025
Shamima Muslim,
General News

Government Condemns Journalist Assaults During Ablekuma North Rerun

July 11, 2025
Ewurabena Aubynn
General News

NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun

by Evans Junior OwuJuly 11, 2025
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
General News

Minority Decries Violence, Police Inaction in Ablekuma North Rerun

by Silas Kafui AssemJuly 11, 2025
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
Banking

BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences

by Stephen M.CJuly 11, 2025
AU Urges Human Dignity In Corruption Fight
Africa

AU Urges Human Dignity In Corruption Fight

by Lawrence AnkutseJuly 11, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Nearly 800 Killed While Trying To Receive Food Aid In Gaza

by Comfort AmpomaaJuly 11, 2025
Shamima Muslim,
General News

Government Condemns Journalist Assaults During Ablekuma North Rerun

by Silas Kafui AssemJuly 11, 2025
Ewurabena Aubynn
Minority Decries Violence, Police Inaction in Ablekuma North Rerun, Polling, Violence
BoG’s Ban on 10 Money Transfer Organisations Sparks Transparency Debate
AU Urges Human Dignity In Corruption Fight
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Shamima Muslim,
[/vc_row_inner]

Recent News

  • NDC’s Ewurabena Aubynn Secures Historic Victory in Ablekuma North Rerun
  • Minority Decries Violence, Police Inaction in Ablekuma North Rerun
  • BoG Stress Test Uncovers Banks’ Credit Vulnerability Amid Strong Liquidity Defences
  • AU Urges Human Dignity In Corruption Fight
  • Nearly 800 Killed While Trying To Receive Food Aid In Gaza
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.