Clarus.io

Transaction-monitoring Solution for Financial Institutions

Fintech & Insurtech
Non Active, Jun 2019 ceased to operate

Company Overview

Snapshot

Founded in January 2016 by Nir Mandel and Jonathan Bartov, Clarus.io operated with 1–10 employees. The company ceased operations in June 2019, following a partnership announcement with Solarisbank in June 2018 to enhance transaction monitoring.

Business overview

Clarus.io developed a standalone, cloud-based transaction-monitoring platform designed to detect and manage money-laundering and terrorist-financing activities. Its core technology leveraged transactional and behavioral data to help small to midsize financial institutions meet stringent anti-money-laundering regulations, while also providing tools for effective investigations. The company operated within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, and served financial institutions, including banks and SMBs, globally.

Strategic signal

In June 2018, Clarus.io announced a partnership with Solarisbank to integrate its RegTech solution for transaction monitoring. This collaboration highlighted the market's demand for advanced compliance tools and validated Clarus.io's technology in addressing anti-money laundering and terrorist financing challenges within the financial sector. The partnership signaled a strategic move towards broader adoption of its cloud-based platform among financial institutions.

Company Intelligence Q&A

What is Clarus.io's primary business?
Clarus.io provides a standalone, cloud-based transaction-monitoring platform that utilizes transactional and behavioral data to detect and manage money-laundering and terrorist-financing activities for financial institutions.
When was Clarus.io founded and by whom?
Clarus.io was founded in January 2016 by Nir Mandel and Jonathan Bartov.
What was a key partnership for Clarus.io?
In June 2018, Clarus.io formed a partnership with Solarisbank to integrate its RegTech solution for transaction monitoring.
Which markets did Clarus.io serve?
Clarus.io served small to midsize financial institutions, including banks, globally, focusing on compliance with anti-money laundering regulations.
What is the current status of Clarus.io?
Clarus.io is currently non-active and ceased to operate in June 2019.

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