CustomerXPs is a Bengaluru-based software product company providing financial crime risk management and
customer experience management solutions to banking institutions. Founded in 2006, the company sells its financial crime risk management software product under the brand name Clari5.
CustomerXPs is identified as one of the top 100 global
regtech
Regulatory technology, Abrv: RegTech, is the use of information technology to enhance regulatory and compliance processes. RegTech is most usefully applied to heavily regulated industries and activities such as financial services, gaming, healthc ...
companies.
History
CustomerXPs was founded in 2006 by
Rivi Varghese, Aditya Lal, Balaji Suryanarayana and Sandhya V. The company launched Clari5 is launched in 2012 and a year later received funding of $4 million from
JAFCO Asia
, abbreviated as JAFCO is a investment holding company headquartered in the Toranomon district of Minato-ku, Tokyo, Japan. It is listed on the First Section of the Tokyo Stock Exchange. JAFCO is considered to be the oldest as well as largest Vent ...
. In 2014, CustomerXPs launched Clari5 sherlock to fight multichannel banking frauds with Big Data Analytics and was recognized as one of Gartner’s top vendors for online banking fraud detection.
In 2017, CustomerXPs had managed 200 million accounts at a single site, which is one of the largest real-time implementations.
Funding
In 2008, Sharad Hegde, former Infosys chief technology officer, became an angel investor in CustomerXPs by investing about $1 million. In January 2011, CustomerXPs raised Series A funding of $4 million from investment firm
JAFCO Asia
, abbreviated as JAFCO is a investment holding company headquartered in the Toranomon district of Minato-ku, Tokyo, Japan. It is listed on the First Section of the Tokyo Stock Exchange. JAFCO is considered to be the oldest as well as largest Vent ...
.
CustomerXPs has also received funding from
Microsoft Accelerator.
References
Software companies of India
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