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Clari5

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From Wikipedia, the free encyclopedia

Clari5 (CustomerXPs)[1][2][3][4]
Industry
Founded2006
HeadquartersBengaluru, Karnataka, India
Key people
  • Rivi Varghese (Co-founder, CEO)
  • Aditya Lal (Co-founder, CTO)
  • Balaji Suryanarayana (Co-founder, COO)[5]
Number of employees
200 (2025)[6]
Websitewww.clari5.com

CustomerXPs Software Private Limited, doing business as Clari5,[4] is an Indian financial technology company based in Bengaluru, India. The company develops software for enterprise fraud management, anti-money laundering (AML), transaction monitoring and financial crime risk management for banks and other financial institutions. The company was founded in 2006, and acquired by Perfios in February 2025.[4]

History

[edit]

Clari5 (CustomerXPs) was founded in 2006 by Rivi Varghese, Aditya Lal, Balaji Suryanarayana, and Sandhya V.[7][8] In 2008, the company received early investment (approximately $1 million) from former Infosys executive Sharad Hegde.[9] In January 2011, CustomerXPs raised $4 million in Series A funding from JAFCO Asia.[4] CustomerXPs also received support from Microsoft Accelerator.[10][11]

The company introduced the Clari5 product brand in 2012. In 2014, it released Clari5 Sherlock as a fraud detection system using big data analytics. It expanded its portfolio for fraud detection and financial crime management, and during the following decade was reported on in independent industry publications for its deployments in banking and its focus on real-time fraud detection and AML technologies.[12]

In January 2025, Punjab National Bank became the first bank to implement I4C's National Cybercrime Reporting Portal (NCRP) using Clari5's real-time NCRP integration platform.[13]

In February 2025, B2B SaaS company Perfios acquired Clari5. After the acquisition, Clari5 became a wholly owned subsidiary while maintaining independent operations.[4] In May 2025, Mashreq Bank announced a partnership with Clari5 for a generative AI-powered fraud detection, prevention, and investigation platform called Clari5 Genie[14].

Product

[edit]

Clari5 develops enterprise software used by financial institutions for fraud detection, anti–money laundering (AML)[15], transaction monitoring, real-time, cross-channel monitoring, customer onboarding risk assessment.[16] and financial crime risk management[17]. Its software is designed to support real-time monitoring of payment channels, customer risk analysis and case investigation workflows. In 2025, the company introduced Clari5 Genie, a generative AI-based investigation assistant intended to support fraud analysts during alert review and case investigation.

Recognition

[edit]
  • Recognized Best in Class at IBS Intelligence Middle East Banking Excellence (IBSi MEBX 2026) Awards[18]
  • Recognized in Chartis FCC50 2026 and Wins Category Award for Cognitive AI[19]
  • Received industry awards for financial crime technology implementations at the Bharat Fintech Summit 2026[20]
  • Wins Best RegTech at Banking Tech Awards 2025[21]

References

[edit]
  1. ↑ "Perfios acquires fraud-detection platform Clari5 to expand offerings". Moneycontrol. Retrieved 28 August 2025.
  2. ↑ Methri, Gloria (7 February 2025). "Perfios acquires fraud-detection platform Clari5". IBS Intelligence. Retrieved 28 August 2025.
  3. ↑ Singh, Rahul K. (7 February 2025). "Perfios acquires Bengaluru-based fraud detection platform Clari5". Techcircle. Retrieved 28 August 2025.
  4. 1 2 3 4 5 Muhn (10 February 2025). "Perfios acquires fraud-detection platform Clari5 to expand offerings". Moneycontrol. Retrieved 7 February 2025.
  5. ↑ "How startups like RedBus, India Homes, Zovi & CustomerXPs gained from some of India's best-known mentors". The Economic Times.
  6. ↑ "Perfios acquires fraud detection platform Clari5". The Economic Times. 7 February 2025. Retrieved 21 August 2025.
  7. ↑ "Breaking the silos – SmartCEO". smartceo.co. Retrieved 6 November 2017.
  8. ↑ "CustomerXPs a software with a human touch". The Economic Times. 12 September 2011. Retrieved 6 November 2017.
  9. ↑ "How startups like RedBus, India Homes, Zovi & CustomerXPs gained from some of India's best-known mentors". Economic Times. Reuters. 15 June 2011. Retrieved 9 December 2021.
  10. ↑ "Microsoft and Wipro to help startups grow business". Techcircle. Retrieved 7 December 2016.
  11. ↑ Abrar, Peerzada (26 August 2017). "Microsoft eyes late-stage startups in India". The Hindu. ISSN 0971-751X. Retrieved 6 November 2017.
  12. ↑ "India's CustomerXPs, IDfy among the Top 100 Global Regtech Companies for 2020". Moneycontrol. Archived from the original on 21 March 2020. Retrieved 3 August 2026.
  13. ↑ Sachdev, Navanwita Bora (28 January 2025). "PNB first Bank in India to launch Clari5's real-time NCRP Integration Solution with I4C". TheTechPanda.com. Retrieved 4 August 2026.
  14. ↑ "Mashreq and Clari5 launch GenAI-powered fraud detection platform". Oracle. 21 August 2025.
  15. ↑ "Clari5 Enterprise Financial Crime Management and AML Solution Suite". Financial IT. Retrieved 4 August 2026.
  16. ↑ "Case Study: Oracle Database In-Memory and CASE STUDY CustomerXPs Delivers CrossChannel Fraud Management in Real Time". Oracle. 21 August 2025.
  17. ↑ Ghosh, Rwit (7 February 2025). "Perfios acquires financial crime management company Clari5 | Company Business News". mint. Retrieved 4 August 2026.
  18. ↑ "IBS Intelligence Announces the Inaugural Middle East Banking Excellence Awards 2026". IBS Intelligence. Retrieved 4 August 2026.
  19. ↑ "Financial Crime and Compliance50 (FCC50) 2026: Ranking and Award Winners - Chartis Research". www.chartis-research.com. 3 September 2026. Retrieved 4 August 2026.
  20. ↑ "Fintech and Digital Excellence Awards 2026 | Bharat Fintech Summit (BFS)". bharatfintechsummit.com. Retrieved 4 August 2026.
  21. ↑ "2025 winners | Banking Tech Awards". informaconnect.com. Retrieved 4 August 2026.
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