CustomerXPs' Clari5 Integrates with Oracle Database In-Memory to Bring Enterprise Fraud Management Suite for Banks

FREMONT, CA: CustomerXPs, a provider of real-time multi-channel enterprise fraud and customer experience management products, integrates its enterprise fraud management platform –Clari5 with Oracle Database In-Memory, to enable large financial institutions to remove analytic silos and analyze transactions across multiple banking channels.

The platform allows reports and queries to run faster enabling Clari5 users to analyze complex operations and also helps in improving real-time responsiveness.

CustomerXPs is a gold level member of Oracle PartnerNetwork (OPN), Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. Oracle Database In-Memory delivers leading-edge in-memory performance without the need to restrict functionality or accept compromises, complexity, and risk. Deploying Oracle Database In-Memory with virtually any existing Oracle Database-compatible application is very easy.

The integration of CustomerXPs Clari5 with Oracle Database In-Memory brings a number of benefits to banks including

Scalability- The new platform analyzes data from multiple channels and removes analytics silos & detects real-time cross-channel and cross-product fraud.

Performance- The fraud management suite identifies and responds to fraudulent actions; detects suspicious patterns in real time; and perform real time analysis of existing and in-flight transactions and activities.

Agility & Productivity- It provides instant access to data and timely reporting which helps in improving productivity.

"We at CustomerXPs are looking for technologies that can further improve the real-time responses of Clari5, as our global tier-1 banking customers are now demanding answers for more and more complex real-time problems, which typically were considered unsolvable. The combination of Oracle Database In-Memory and Clari5 enables richer, deeper analysis and real-time insight at the point of the transaction itself," says Rivi Varghese, Chief Executive Officer, CustomerXPs. “This increased real-time visibility and agility; banks are better able to identify, intervene and respond to fraudulent actions and help decrease their financial risk."