Project Overview

A US Branch of a Global Bank has asked Matrix-IFS to manage the end-to-end implementation of a legacy system components such as FCCM, CTR, RR, OBIEE and Watch list Management.

Project Solution

Our SMEs reviewed the AML system’s current state, source to surveillance data flow, mapping, custom scenarios development, scenarios data map analysis, testing, various user training and production support.

To ensure sustainability, Matrix-IFS organized various training targeted at compliance business and IT teams to ensure the bank’s internal teams were able to support AML monitoring post-go-live.

Matrix-IFS’ Value

Our experience with other AML conversion projects had helped our team to pinpoint & mitigate the challenges quickly, thus saving cost and time for the client without compromising on quality. Whereas, our advisory team helped the client to map the requirements, perform gap analysis, develop remediation roadmaps, and identify scenarios for risk-based monitoring.