IndusInd Bank wins Celent Model Bank 2017 Global Award

For leveraging investments in fraud management to pay for itself

IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management platform, but also began reusing in-memory data to offer simultaneous real-time cross-sell and upsell.

IndusInd Bank chose the new generation enterprise approach for fraud management as against the dated and easier channel silo based approach, as it enabled a 'segment of one' thinking for everything in the bank and connected 15 Real-time and 7 Batch systems. Clari5 implemented a 'central nervous system' that revolutionized IndusInd Bank's Fraud and AML Management in a very short period, which by itself is a commendable.

 

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