CWG, Clari5 sign pact to help African banks

Leading information technology company CWG has partnered Clari5, a banking enterprise financial crime risk management products company to jointly help African banks combat enterprise fraud and money laundering.

Through this strategic partnership, CWG and Clari5 will provide solutions for African banks to counter enterprise-wide fraud and money laundering risk.

A release issued by the company said banks across Africa could now benefit from the unparalleled advantages of Clari5’s extreme real-time, cross channel, enterprise-wide fraud risk management capability.

The Managing Director of CWG Ghana, Mrs Harriet Attram Yartey, said the company was excited to partner Clari5, adding that “the pan-African fraud and money laundering landscape has become alarmingly sophisticated over the last few years and clearly banks are seeking 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 the power of a world-class enterprise-wide real-time financial crime management solution that has been changing the way banks fight financial crime.”

The Chief Executive Officer (CEO) of Clari5, Mr Rivi Varghese, said: “We believe that the best way to combat fraud and money laundering is with a solution that can behave like the human central nervous system to synthesise 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.

We are both proud and delighted to partner with CWG — the legendary African technology leader.”

Contribution

With over two decades of contribution to the Information and 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.

Established in 2003, CWG Ghana is an autonomous subsidiary of CWG Plc. CWG is an organisation focused on delivering turnkey ICT solutions - hardware, software and communication. CWG commenced operations in Nigeria in 1992 as Computer Warehouse Limited primarily to cater to hardware projects.

In 1994, CWG established DCC Networks as its communications arm to provide VSAT, Metropolitan, Wide/Local Area Networks to corporates.

In 1997 CWG acquired Expert Edge Software to address demands in software solutions, systems and training.