Latest news with #fraudDetection
Globe and Mail
3 days ago
- Business
- Globe and Mail
Palantir Just Landed a Fannie Mae Deal. Should You Buy PLTR Stock Here?
Valued at a market cap of $292 billion, Palantir (PLTR) is among the largest tech companies in the world. PLTR stock has surged close to 500% in the last 12 months and has rallied over 1,200% since its initial public offering in September 2020. Investors and analysts are bullish on Palantir due to its accelerating revenue growth, improving profit margins, a widening portfolio of products, and expanding corporate partnerships. Earlier this week, Fannie Mae (FNMA) launched an AI-powered Crime Detection Unit in partnership with Palantir to combat mortgage fraud in the U.S. housing market. The new platform utilizes artificial intelligence and machine learning to analyze millions of datasets, finding previously undetectable fraudulent patterns. Early testing demonstrated the technology's effectiveness, identifying fraud in seconds that previously took human investigators two months to discover. The partnership initially focuses on Fannie Mae's multifamily housing business, with potential expansion to Freddie Mac (FMCC) under consideration. Fannie Mae, which holds over $4.3 trillion in assets and owns or guarantees approximately 25% of single-family mortgages and 20% of multifamily mortgages nationally, believes this technology will save millions in fraud losses while protecting lenders, homebuyers, and taxpayers. Palantir Is Gaining Traction in AI Palantir recently announced two major partnerships expanding AI capabilities across the government and financial services sectors. Palantir's FedStart program will enable Anthropic's Claude AI application to serve millions of federal employees at FedRAMP High and DoD Impact Level 5 security standards. This collaboration, hosted on Google Cloud (GOOGL) with multi-cloud flexibility through Amazon (AMZN) Bedrock and Vertex AI, will allow government workers to use Claude for writing, data analysis, and complex problem-solving while maintaining strict security compliance. The partnership builds on last year's agreement, where Anthropic partnered with Palantir through AWS for Impact Level 6 accredited environments. Palantir also partnered with xAI and TWG Global (TWG) to revolutionize AI adoption in the financial services sector. The collaboration addresses the critical issue that 74% of companies remain stuck in proof-of-concept phases, yielding no meaningful returns. Its offering includes governance foundations, industry-tuned AI agent suites, and modular agentic workforces designed to deliver measurable business outcomes within 90 days' Unlike traditional per-seat licensing models, the partnership operates on an outcome-based pricing model, aligning success with measurable results. The initiative combines xAI's advanced models and Colossus supercomputer with Palantir's operational expertise and TWG Global's implementation capabilities, targeting CEO-level engagement to deploy hundreds of thousands of AI agents across enterprises, resulting in transformative productivity gains. Is PLTR Stock a Good Buy? Palantir reported strong financial results for Q1 2025, showcasing remarkable growth across key metrics. It generated $884 million in revenue, representing 39% year-over-year growth. U.S. operations drove exceptional performance, with total U.S. revenue surging 55% year-over-year to $628 million. U.S. commercial revenue grew 71% year-over-year to $255 million, surpassing a $1 billion annual run rate. The company closed 139 deals worth at least $1 million and booked a record U.S. commercial total contract value of $810 million, up 183% year-over-year. Profitability metrics were equally strong, with GAAP income from operations reaching $176 million (a 20% margin) and adjusted income from operations reaching $391 million (a 44% margin). Palantir generated $310 million in cash from operations and $370 million in adjusted free cash flow. CEO Alex Karp attributed success to delivering 'the operating system for the modern enterprise in the era of AI,' highlighting the company's early investment in AI platforms that were initially met with skepticism. Based on strong performance, Palantir raised full-year 2025 guidance, projecting total revenue growth of 36% and U.S. commercial revenue growth of 68%. It expects Q2 revenue to be between $934 million and $938 million. What Is the Target Price for PLTR Stock? The ongoing rally in PLTR stock means it now trades at a lofty price-earnings multiple of over 200x. Out of the 20 analysts tracking PLTR stock, three recommend 'Strong Buy,' 12 recommend 'Hold,' one recommends 'Moderate Sell,' and four recommend 'Strong Sell.' The average target price for PLTR stock is near $94, below the current price near $122.
Zawya
16-05-2025
- Business
- Zawya
Mashreq set to partner with Clari5 to launch GenAI Powered Fraud Detection Platform
DUBAI, United Arab Emirates --(BUSINESS WIRE)-- Mashreq, one of the leading financial institutions in the MENA region, is set to announce a strategic partnership with Clari5, a global leader in real-time financial crime management, to launch Clari5 Genie, a next-generation, Gen AI-powered fraud detection and investigation platform. This marks a significant step in alignment with how banks today are looking to combat fraud in today's complex digital landscape. As part of its broader innovation strategy, Mashreq aims to collaborate with Clari5 as its technology partner to create Clari5 Genie. Mashreq will be the first user of Clari5 Genie, and will deploy the solution entirely on-premise, ensuring the highest standards of data security, privacy, and regulatory compliance. With this launch, Mashreq and Clari5 aim to set a new global benchmark for proactive, intelligence-led fraud prevention. The platform, Clari5 Genie, is designed to help banks proactively manage fraud by using Gen-AI to uncover hidden patterns, simulate fraud investigations, and accelerate resolution, all within a secure, on-premise deployment. Smart prompt engineering, similarity-based analysis, and auto-generated case narratives will equip investigators with deeper insights and faster decisions, without compromising on data privacy or regulatory compliance. Clari5 Genie aims to deliver 70% faster fraud investigations and proactive detection of emerging threats. Key features of the platform include: Natural Language Console for Investigators Smart Prompt Engineering for Live Fraud Simulation Auto Case Narrative Generator & Recommendation Engine Similarity-Based Pattern Detection Role-Based Access, Encryption & Compliance Monitoring Secure On-Prem Deployment – No External Cloud Dependency Commenting on this development, Gurcharan Chhabra, EVP, Head of Fraud Prevention & Intelligence, Mashreq, said, 'At Mashreq, our ethos has always been to Rise Every Day for our customers by leading with innovation, especially in areas that protect them and our systems. With Clari5 Genie, we will bring forth a paradigm shift in fraud prevention. With Clari5, we plan to go beyond traditional fraud systems and build a live, GenAI-powered intelligence layer that sees what others miss, simulates threats before they hit, and tells the story of a case in real-time. Our aim is to operationalize GenAI for financial crime and set a global benchmark for next-generation fraud intelligence.' Clari5, now part of the Perfios Group, has been at the forefront of real-time financial crime management, empowering banks to prevent fraud, mitigate risk, and ensure compliance across billions of transactions. Through its Enterprise Fraud and Risk Management (EFRM) platform, Clari5 brings precision, speed, and scale to financial institutions globally. This deep domain expertise forms the foundation of Clari5 Genie, developed in close partnership with Mashreq. Talking about the platform, Balaji Suryanarayana, Co-founder & COO, Clari5, said, 'Clari5 Genie isn't merely an upgrade, it's a generational leap in how fraud is understood and tackled. We are reimagining fraud prevention by placing a secure, GenAI engine directly into the hands of investigators, enabling them to ask questions, run live threat simulations, generate actionable narratives, and do all of this in real time, on-premise, with zero compromise on compliance. Mashreq's visionary team has been pivotal in shaping the platform from day one. This is a rare case where product and customer innovation are indistinguishable, and together, we aim to create the world's first truly intelligent, explainable, and production-grade GenAI fraud platform.' About Mashreq: Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region's most prominent corporations and wealth accounts. The bank's mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success. Reassuringly present in major financial centres of the world, Mashreq's home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance. About Clari5: Clari5 is a category-leading innovator in banking financial crime management, empowering mission-driven banks to combat the global $4 trillion fraud challenge. Trusted by marquee banks worldwide, Clari5 processes over 10 billion transactions monthly, manages more than 1 billion accounts, and serves customers across 15 countries. With 340 million+ accounts at a single site, Clari5 has powered some of the largest fraud management deployments globally.
Zawya
15-05-2025
- Business
- Zawya
Mashreq set to partner with Clari5 (A Perfios Company) to launch GenAI Powered Fraud Detection Platform
DUBAI, United Arab Emirates- -(BUSINESS WIRE)-- Mashreq, one of the leading financial institutions in the MENA region, is set to announce a strategic partnership with Clari5, a global leader in real-time financial crime management, to launch Clari5 Genie, a next-generation, Gen AI-powered fraud detection and investigation platform. This marks a significant step in alignment with how banks today are looking to combat fraud in today's complex digital landscape. As part of its broader innovation strategy, Mashreq aims to collaborate with Clari5 as its technology partner to create Clari5 Genie. Mashreq will be the first user of Clari5 Genie, and will deploy the solution entirely on-premise, ensuring the highest standards of data security, privacy, and regulatory compliance. With this launch, Mashreq and Clari5 aim to set a new global benchmark for proactive, intelligence-led fraud prevention. The platform, Clari5 Genie, is designed to help banks proactively manage fraud by using Gen-AI to uncover hidden patterns, simulate fraud investigations, and accelerate resolution, all within a secure, on-premise deployment. Smart prompt engineering, similarity-based analysis, and auto-generated case narratives will equip investigators with deeper insights and faster decisions, without compromising on data privacy or regulatory compliance. Clari5 Genie aims to deliver 70% faster fraud investigations and proactive detection of emerging threats. Key features of the platform include: Natural Language Console for Investigators Smart Prompt Engineering for Live Fraud Simulation Auto Case Narrative Generator & Recommendation Engine Similarity-Based Pattern Detection Role-Based Access, Encryption & Compliance Monitoring Secure On-Prem Deployment – No External Cloud Dependency Commenting on this development, Gurcharan Chhabra, EVP, Head of Fraud Prevention & Intelligence, Mashreq, said, 'At Mashreq, our ethos has always been to Rise Every Day for our customers by leading with innovation, especially in areas that protect them and our systems. With Clari5 Genie, we will bring forth a paradigm shift in fraud prevention. With Clari5, we plan to go beyond traditional fraud systems and build a live, GenAI-powered intelligence layer that sees what others miss, simulates threats before they hit, and tells the story of a case in real-time. Our aim is to operationalize GenAI for financial crime and set a global benchmark for next-generation fraud intelligence.' Clari5, now part of the Perfios Group, has been at the forefront of real-time financial crime management, empowering banks to prevent fraud, mitigate risk, and ensure compliance across billions of transactions. Through its Enterprise Fraud and Risk Management (EFRM) platform, Clari5 brings precision, speed, and scale to financial institutions globally. This deep domain expertise forms the foundation of Clari5 Genie, developed in close partnership with Mashreq. Talking about the platform, Balaji Suryanarayana, Co-founder & COO, Clari5, said, 'Clari5 Genie isn't merely an upgrade, it's a generational leap in how fraud is understood and tackled. We are reimagining fraud prevention by placing a secure, GenAI engine directly into the hands of investigators, enabling them to ask questions, run live threat simulations, generate actionable narratives, and do all of this in real time, on-premise, with zero compromise on compliance. Mashreq's visionary team has been pivotal in shaping the platform from day one. This is a rare case where product and customer innovation are indistinguishable, and together, we aim to create the world's first truly intelligent, explainable, and production-grade GenAI fraud platform.' About Mashreq: Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region's most prominent corporations and wealth accounts. The bank's mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success. Reassuringly present in major financial centres of the world, Mashreq's home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance. About Clari5: Clari5 is a category-leading innovator in banking financial crime management, empowering mission-driven banks to combat the global $4 trillion fraud challenge. Trusted by marquee banks worldwide, Clari5 processes over 10 billion transactions monthly, manages more than 1 billion accounts, and serves customers across 15 countries. With 340 million+ accounts at a single site, Clari5 has powered some of the largest fraud management deployments globally.
Zawya
15-05-2025
- Business
- Zawya
Mashreq set to partner with Clari5, Perfios company, to launch genAI powered fraud detection platform
DUBAI, United Arab Emirates-- (BUSINESS WIRE)-- Mashreq, one of the leading financial institutions in the MENA region, is set to announce a strategic partnership with Clari5, a global leader in real-time financial crime management, to launch Clari5 Genie, a next-generation, Gen AI-powered fraud detection and investigation platform. This marks a significant step in alignment with how banks today are looking to combat fraud in today's complex digital landscape. As part of its broader innovation strategy, Mashreq aims to collaborate with Clari5 as its technology partner to create Clari5 Genie. Mashreq will be the first user of Clari5 Genie, and will deploy the solution entirely on-premise, ensuring the highest standards of data security, privacy, and regulatory compliance. With this launch, Mashreq and Clari5 aim to set a new global benchmark for proactive, intelligence-led fraud prevention. The platform, Clari5 Genie, is designed to help banks proactively manage fraud by using Gen-AI to uncover hidden patterns, simulate fraud investigations, and accelerate resolution, all within a secure, on-premise deployment. Smart prompt engineering, similarity-based analysis, and auto-generated case narratives will equip investigators with deeper insights and faster decisions, without compromising on data privacy or regulatory compliance. Clari5 Genie aims to deliver 70% faster fraud investigations and proactive detection of emerging threats. Key features of the platform include: Natural Language Console for Investigators Smart Prompt Engineering for Live Fraud Simulation Auto Case Narrative Generator & Recommendation Engine Similarity-Based Pattern Detection Role-Based Access, Encryption & Compliance Monitoring Secure On-Prem Deployment – No External Cloud Dependency Commenting on this development, Gurcharan Chhabra, EVP, Head of Fraud Prevention & Intelligence, Mashreq, said, 'At Mashreq, our ethos has always been to Rise Every Day for our customers by leading with innovation, especially in areas that protect them and our systems. With Clari5 Genie, we will bring forth a paradigm shift in fraud prevention. With Clari5, we plan to go beyond traditional fraud systems and build a live, GenAI-powered intelligence layer that sees what others miss, simulates threats before they hit, and tells the story of a case in real-time. Our aim is to operationalize GenAI for financial crime and set a global benchmark for next-generation fraud intelligence.' Clari5, now part of the Perfios Group, has been at the forefront of real-time financial crime management, empowering banks to prevent fraud, mitigate risk, and ensure compliance across billions of transactions. Through its Enterprise Fraud and Risk Management (EFRM) platform, Clari5 brings precision, speed, and scale to financial institutions globally. This deep domain expertise forms the foundation of Clari5 Genie, developed in close partnership with Mashreq. Talking about the platform, Balaji Suryanarayana, Co-founder & COO, Clari5, said, ' Clari5 Genie isn't merely an upgrade, it's a generational leap in how fraud is understood and tackled. We are reimagining fraud prevention by placing a secure, GenAI engine directly into the hands of investigators, enabling them to ask questions, run live threat simulations, generate actionable narratives, and do all of this in real time, on-premise, with zero compromise on compliance. Mashreq's visionary team has been pivotal in shaping the platform from day one. This is a rare case where product and customer innovation are indistinguishable, and together, we aim to create the world's first truly intelligent, explainable, and production-grade GenAI fraud platform.' About Mashreq: Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region's most prominent corporations and wealth accounts. The bank's mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success. Reassuringly present in major financial centres of the world, Mashreq's home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance. Find your way to Rise Every Day at: For any queries, please reach out to media@ About Clari5: Clari5 is a category-leading innovator in banking financial crime management, empowering mission-driven banks to combat the global $4 trillion fraud challenge. Trusted by marquee banks worldwide, Clari5 processes over 10 billion transactions monthly, manages more than 1 billion accounts, and serves customers across 15 countries. With 340 million+ accounts at a single site, Clari5 has powered some of the largest fraud management deployments globally. To know more, visit and follow us on LinkedIn, Facebook, Instagram, YouTube. View source version on Source: AETOSWire Contacts Media & Communications Garima Kaul
