32 C
Friday, July 19, 2024

Magnus Corporation Inks a Strategic Partnership with CustomerXPs

Technology solutions and services leader Magnus Corporation Ltd. recently announced that it has inked a strategic partnership with CustomerXPs for taking their acclaimed real-time EFCRM product to Bangladeshi banks. The companies will work together on providing banks with extreme real-time intelligence for preventing fraud and money laundering attempts.

This announcement comes in the wake of the nation grappling with repeated incidents of sophisticated economic offenses of significantly high monetary value. The partnership brings together CustomerXPs’ acclaimed ‘human brain like’ approach to real-time financial crime management and Magnus Corporation’s fintech leadership, to deliver extreme ‘in- the-moment’ interventions to prevent financial crime.

Arman Khan, Director, Magnus Corporation said “Banks in Bangladesh have been experiencing a spate of sophisticated financial crime and a significant number of banks are still using dated defense mechanisms. By virtue of this partnership we expect to make Clari5 product’s real-time, cross channel intelligence capability available to mitigate bank’s financial crime risk. I also see Clari5 playing a key role in helping accelerate banks’ regulatory compliance efforts.”

Rivi Varghese, CEO, CustomerXPs added, “The time-tested adage of prevention being better than cure is even more apt in the case of financial crime. Clari5’s proven real-time anti- fraud capabilities coupled with Magnus’ fintech leadership will be a force multiplier for Bangladesh banks in their fight against financial crime”.

For more about Magnus Corporation Ltd. Visit: – www.magnusbd.com 

Related Articles

U.S Embassy Applauds Journalist Safety Training

U.S. Embassy Applauds Journalist National Election Safety Training

Recognizing the crucial role of journalists in the upcoming national elections, the Edward M. Kennedy (EMK) Center partnered with the Bangladeshi Journalists in International...
Hola Browser

Hola gives the people of Bangladesh free access to a world of online content...

– The Hola Browser, a browser which includes a built-in 100% free peer-to-peer virtual private network (VPN), this week officially launched in Bangladesh,...
Universal College Bangladesh UCB

UoL degrees with London School of Economics’ academic direction, now at Universal College Bangladesh!

With the aim of providing world-class affordable education in Bangladesh, Universal College Bangladesh (UCB), the first Ministry of Education approved international education provider...

Bangladesh MBA Association (BMBAA) holds its 10th AGM and Election of Central Executive Committee...

Dhaka September 24, 2022: Bangladesh MBA Association (BMBAA) held its 10th Annual General Meeting today at IBA Auditorium, Institute of Business Administration (IBA), University...
Salman Khan-Being Human Clothing

Salman Khan’s ‘Being Human Clothing launching’ in Dhaka

Dhaka, 13 September 2022: Bollywood superstar Salman Khan owned clothing brand ‘Being Human Clothing’ launches its first outlet at Banani, Dhaka on the 15th...
Next Generation Bankers

NGGB Trust pays courtesy call to Shimanta Bank MD

Trustees of Next Generation Bankers Bangladesh (NGGB)—a platform that unites young bankers of the country for common good—on Wednesday paid courtesy visit to the...