Anti-Money Laundering

Core Solutions

KYC
/ CDD / EDD

Our experts will evaluate your current KYC program and advise your AML team on best practices, adjusting processes and procedures to better address the regulator's expectations and help you optimize the execution and ongoing employee behavior.

Transaction Monitoring

With our help, you can effectively monitor and detect any suspicious customer behavior. We will contentiously update you on emerging threats to ensure your financial crime and compliance program is up-to-date and assist with tuning your models/rules appropriately.

Sanctions
Screenings

Each international sanction expansion requires updates to your financial crime system and model rules, which can pose a real threat to compliance. We will advise you on changes in the sanctions landscape and even help tune your system so it's in line with current regulations.

Case
Management

Our Advisory team is able to examine the alerts being generated by your system, reset false positive ratio, and investigation workflow to ensure optimal efficiency, and provide you with a single view of your entire risk landscape, so you can make data-driven decisions.

About the AML Practice

As regulatory and operational AML demands continue to grow, financial institutions are constantly challenged to do more with less. The increase in the variety of available channels, velocity of asset-flow, and a shift in how accounts are viewed and used by customers present major challenges to all firms. Regulators continue to expand enforcement of AML regulations on an ever-growing range of businesses, jurisdictions and asset types, and place increased scrutiny on compliance across the customer lifecycle. At the same time, budgets are restricted, operations constrained, and qualified staff is in high demand.

Matrix-IFS provides professional services at each stage of the implementation life-cycle, and specialize in helping banks maximize their technology and staffing investments through system enhancement and operational optimization. From the initial project scoping through production delivery and ongoing support, we can perform the full implementation, a subset of project tasks, or supplement specific subject matter or resource needs.

Services

Advisory Services

Implementation & Testing

Modeling & Analytics

DataSure:Quality Assurance

Automation (RPA)

Managed Services

Data Services

Advisory Services

We offer a broad range of advisory, staffing, and technology services to assist financial institutions in implementing an effective AML program and achieving compliance, IT, and operational objectives.

Services include:

Program Strategy, Design & Testing
Model Risk Management
Vendor Evaluation
Model Validation
Coverage Assessment
Look-Back Testing
Management Reporting
Threshold Tuning
AML System Training

With over 500 successful financial crime projects implemented, our team has the experience and expertise to deliver a full range of AML services and solutions.

Services include:

OOB Implementation
Custom Models Development
Case Management
- User Management
- Workflow Configuration
- Regulatory Reporting (SAR, CTR, etc..,)
AML/Fraud System Upgrade & Migration
End-to-End Testing -SI, UAT, NFT, Regression
Production Deployment & Support
System Integration
Performance Tuning

Our data experts offer deep knowledge of data governance and advanced analytics along with risk, compliance, and regulatory knowledge, all of which brings great value to our clients who seek to leverage new technologies.

Services include:

Optimization
- Segmentation
- Tuning
Custom Model Development
Operational Analytics
Visual Analytic Dashboards
- Data Quality
- ATL / BTL Testing
- KPIs
Operational Analytics
FIU Analytics

Matrix-IFS' homegrown tool for real-time Data Quality: ensuring data feeds are complete, accurate, and timely. DataSure...

Identifies issues of data integrity, data duplication, etc.
Generates automatic review & diagnosis of all data feeds
Provides consistent process of real-time data validation
Validates data mapping and data flow
Alerts on data anomalies
Automates data quality and validation
Ensures data completeness and accuracy
Compatible with every solution
Designed based on 12+ years of domain expertise

We help financial institutions to leverage a new kind of BOT - the 'Digital Investigator', to complement & assists the investigations team, not as a replacement for the human worker, but where he redefines how work is done. Reshape the way investigations are evaluated and perceived.

Services include:

Design, Architecting & Implementation
RPA Assessment – Current State
Recommendations – Target State
Vendor and technology agnostic
RPA roadmap managed services
Infrastructure Maintenance
Performance Tuning performing

We help financial institutions with their IT-related needs: CTB/RTB activities, periodic model validation/tuning, and future system upgrades to stay up to date with regulatory requirements and ensure ongoing optimal performance.

Services include:

Business & Technical Training
Development, Testing & QA
Regulatory Review Support
Business as Usual / Run the Bank
Backlog review & Model Validation
Program Assessment
Infrastructure Maintenance
Performance Tuning

We specialize in developing agile Business Intelligence solutions and services customized to the unique demands of financial institutions in the capital markets domain.

Services include:

Data Requirements Analysis
Data Strategy Design
Data-warehouse Architecture
Transformation & Mapping
ETL Design / Implementation
Data Quality & Lineage Analysis
Reference Data Management
Data Exceptions Dashboard
Business as Usual Support
Data Security

Anti-money Laundering Success Stories

CDD & SAM Model Validation (DFS 504)

How we performed for an international European bank in NYC Model Validation for Actimize CDD & SAM modules, in line with DFS 504 regulations

CDD & SAM Model Validation (DFS 504)

How we performed for an international European bank in NYC Model Validation for Actimize CDD & SAM modules, in line with DFS 504 regulations

Actimize Model Validation & Tuning

Helping a leading international commercial bank with their Global AML Competence to assist with the OCC/ DFS 504 model validation.

Actimize Model Validation & Tuning

Helping a leading international commercial bank with their Global AML Competence to assist with the OCC/ DFS 504 model validation.

Actimize SAM Model Validation & Optimization

How we performed end-to-end model validation and optimization of the Actmize SAM model for a New York commercial bank

Actimize SAM Model Validation & Optimization

How we performed end-to-end model validation and optimization of the Actmize SAM model for a New York commercial bank

Custom Deal Management Solution Implementation

How we developed an automated custom Deal Management solution for a global European bank for its Control Room function

Custom Deal Management Solution Implementation

How we developed an automated custom Deal Management solution for a global European bank for its Control Room function

Challenger Bank 'Compliance as a Service'

How we built an AML & fraud compliance programs from the ground up for a new bank

Challenger Bank 'Compliance as a Service'

How we built an AML & fraud compliance programs from the ground up for a new bank

Tuning for Legacy AML Transaction Monitoring System

How we helped a UK Tier-1 bank with their legacy TMS which was generating alerts of poor quality; either false positives or low-risk client/activities

Tuning for Legacy AML Transaction Monitoring System

How we helped a UK Tier-1 bank with their legacy TMS which was generating alerts of poor quality; either false positives or low-risk client/activities

Actimize Fraud Management (IFM) Implementation

A large international bank required an implementation of Actimize’s Fraud Management Solution (IFM), for Corporate Payments Fraud detection.

Actimize Fraud Management (IFM) Implementation

A large international bank required an implementation of Actimize’s Fraud Management Solution (IFM), for Corporate Payments Fraud detection.

Customized Implementation of Actimize Market Surveillance Solution

A US Regulator needed to adapt Actimize solutions to their unique business requirements of managing voluminous data and multiple exchange monitoring capabilities.

Customized Implementation of Actimize Market Surveillance Solution

A US Regulator needed to adapt Actimize solutions to their unique business requirements of managing voluminous data and multiple exchange monitoring capabilities.

Remote Banking & Account Take Over Fraud Solution

How we helped a tier-1 global bank who suffered heavy losses due to remote banking fraud by creating a solution that improved its monitoring capabilities.

Remote Banking & Account Take Over Fraud Solution

How we helped a tier-1 global bank who suffered heavy losses due to remote banking fraud by creating a solution that improved its monitoring capabilities.

Applying RPA in AML & FIU Operations

A U.S. commercial bank factored operational efficiency before and after applying RPA to FP investigations. The results were significant and immediate.

Applying RPA in AML & FIU Operations

A U.S. commercial bank factored operational efficiency before and after applying RPA to FP investigations. The results were significant and immediate.

AML Model Optimization & Tuning

How we assisted a tier-1 bank to fix the gaps in its existing AML monitoring system by creating an AML optimization program.

AML Model Optimization & Tuning

How we assisted a tier-1 bank to fix the gaps in its existing AML monitoring system by creating an AML optimization program.

Fraud Model Optimization & Tuning

How we assisted a Global Payment Processor to cut losses due to fraud committed against their debit cards on their debit solutions.

Fraud Model Optimization & Tuning

How we assisted a Global Payment Processor to cut losses due to fraud committed against their debit cards on their debit solutions.

Fraud Case Management Design & Customization

How we helped a Tier-1 global bank to implement a custom-built case management solution for handling transactions marked as fraudulent.

Fraud Case Management Design & Customization

How we helped a Tier-1 global bank to implement a custom-built case management solution for handling transactions marked as fraudulent.

AML Managed Services

A European Global Bank engaged Matrix-IFS was in need of a Managed Services provider for their AML and Trade Surveillance programs.

AML Managed Services

A European Global Bank engaged Matrix-IFS was in need of a Managed Services provider for their AML and Trade Surveillance programs.

AML Platform Conversion from Legacy

A US Branch of a Global Bank has asked Matrix-IFS to manage the end-to-end implementation of a legacy system components.

AML Platform Conversion from Legacy

A US Branch of a Global Bank has asked Matrix-IFS to manage the end-to-end implementation of a legacy system components.

SAM Upgrade & Implementation

A New York Based Broker Dealer needed to upgrade his SAM TM and required complete data sourcing to the new version, including governance infrastructure & control.

SAM Upgrade & Implementation

A New York Based Broker Dealer needed to upgrade his SAM TM and required complete data sourcing to the new version, including governance infrastructure & control.

AML Risk-based Suspicious Activity Monitoring

Global Broker-Dealer needed help with TM upgrade, data validation testing and data quality assessments of its upstream, ETL and AML TM, after incurring a large fine from the regulators.

AML Risk-based Suspicious Activity Monitoring

Global Broker-Dealer needed help with TM upgrade, data validation testing and data quality assessments of its upstream, ETL and AML TM, after incurring a large fine from the regulators.

SAS AML Implementation for Retailers

A multinational retail corporation was required to identify and investigate suspicious transactions that occurred in-store or online.

SAS AML Implementation for Retailers

A multinational retail corporation was required to identify and investigate suspicious transactions that occurred in-store or online.

Transaction Monitoring Tuning & Optimization

How we helped an international bank optimize its transaction monitoring system while under review by the regulator.

Transaction Monitoring Tuning & Optimization

How we helped an international bank optimize its transaction monitoring system while under review by the regulator.

Anti-Money Laundering

Core Solutions

About the AML Practice

Services

Advisory Services

Implementation & Testing

Modeling & Analytics

DataSure:Quality Assurance

Automation (RPA)

Managed Services

Data Services

Advisory Services

We offer a broad range of advisory, staffing, and technology services to assist financial institutions in implementing an effective AML program and achieving compliance, IT, and operational objectives.

Services include:

Program Strategy, Design & Testing

Model Risk Management

Vendor Evaluation

Model Validation

Coverage Assessment

Look-Back Testing

Management Reporting

Threshold Tuning

AML System Training

Implementation & Testing

With over 500 successful financial crime projects implemented, our team has the experience and expertise to deliver a full range of AML services and solutions.

Services include:

OOB Implementation

Custom Models Development

Case Management

User Management

Workflow Configuration

Regulatory Reporting (SAR, CTR, etc..,)

AML/Fraud System Upgrade & Migration

End-to-End Testing -SI, UAT, NFT, Regression

Production Deployment & Support

System Integration

Performance Tuning

Modeling & Analytics

Our data experts offer deep knowledge of data governance and advanced analytics along with risk, compliance, and regulatory knowledge, all of which brings great value to our clients who seek to leverage new technologies.

Services include:

Optimization

Segmentation

Tuning

Custom Model Development

Operational Analytics

Visual Analytic Dashboards

Data Quality

ATL / BTL Testing

KPIs

Operational Analytics

FIU Analytics

DataSure:Quality Assurance

Matrix-IFS' homegrown tool for real-time Data Quality: ensuring data feeds are complete, accurate, and timely. DataSure...

Identifies issues of data integrity, data duplication, etc.

Generates automatic review & diagnosis of all data feeds

Provides consistent process of real-time data validation

Validates data mapping and data flow

Alerts on data anomalies

Automates data quality and validation

Ensures data completeness and accuracy

Compatible with every solution

Designed based on 12+ years of domain expertise

Automation (RPA)

We help financial institutions to leverage a new kind of BOT - the 'Digital Investigator', to complement & assists the investigations team, not as a replacement for the human worker, but where he redefines how work is done. Reshape the way investigations are evaluated and perceived.

Services include:

Design, Architecting & Implementation

RPA Assessment – Current State

Recommendations – Target State

Vendor and technology agnostic

RPA roadmap managed services

Infrastructure Maintenance

Performance Tuning performing

Managed Services

We help financial institutions with their IT-related needs: CTB/RTB activities, periodic model validation/tuning, and future system upgrades to stay up to date with regulatory requirements and ensure ongoing optimal performance.

Services include:

Business & Technical Training

Development, Testing & QA

Regulatory Review Support

Business as Usual / Run the Bank

Backlog review & Model Validation