The “Financial Crimes”
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Databricks 2024 Developments and Announcements
The global Databricks Data + AI conference held two weeks ago in San Francisco included a long list of innovations and announcements.
Cloud AI and RPA
The fight against financial crimes has been on for decades. Do you remember Michael Night? Those of us who grew up in the good old…
FINTRAC’s requirements – Armored cars
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor.
Using Generative AI in Combating Financial Crimes
Amazon recently launched a feature where hundreds, and sometimes thousands, of reviews are summarized into a concise and simple paragraph. This auto-generated summary allows the…
Evolution of DeFi Amid Regulatory Uncertainty
Emerging technologies are reshaping the financial services industry. On one end of the spectrum, initiatives such as Real-Time Payments and ISO20022 are modernizing existing payment…
Balance Open Banking Enthusiasm with Caution
Digitalization and Open Banking are two most prominent trends in banking industry in recent time. While the former was initiated by changing customer behavior, the latter was driven…
Combating Fraud - A Journey From Good to Great
Financial Institutions are in a similar situation. A lot has changed in the last few years. Fraud activities and losses are on the rise. FIs…
The Great Transformation: Banking & Compliance Post Pandemic
The industry transformations that began pre-pandemic but have since accelerated dramatically due to a shift in banking consumer behaviors
Understanding Economic Sanctions
The most recent actions include the addition of Nord Stream 2, Belarusian and Russian banks, and individuals involved with these entities to the specially designated…
Modern Challenges and Innovative Tools for Sanctions Compliance
Financial institutions need to meet growing sanctions compliance demands without disrupting customer services, incurring an exorbitant overhead, and being exposed to regulatory fines.
Navigating Emerging Risks and Regulatory Changes with a Robust AML Compliance Program
On December 11, 2020, the Senate passed the Anti-Money Laundering (AML) Act of 2020, which aimed to modernize AML/CFT guidelines by embracing technology and innovation…
Matrix-IFS and Quantifind Partner to Complement Financial Crimes Solutions and Services
Quantifind’s Graphyte Platform Adds a Layer of Highly Accurate Risk Assessments and Investigation Tools to Matrix-IFS Solutions and Services
The Benefits of AML Cloud Convergence - AML as a Service
Many CCOs at midsized financial institutions sense that streamlining their anti-money laundering systems will lead to increased efficiency and effectiveness across their AML programs, but…
How Midsized FIs Can Turn 3 Industry Trends into AML Opportunities
Midsized financial institutions (with $1 billion - $10 billion in assets) play an important role in our financial system, especially in the U.S. where banks…
Step 3 - Entity Resolution (Account Matching & Linking)
Discussing Data Quality challenges and techniques that will enable you to improve the detection of suspicious activities by better understanding your customers and their network.
Step 2 - Proactive Data Quality Automation
In this webinar, we will explore the best practices for setting up a robust data quality automation program for a financial crime unit (Fraud Prevention…
Step 1 - Transaction Monitoring Implementation Best Practices
Learn best practices for designing and implementing an effective transaction monitoring system based on the experience of 200+ implementation projects.
COVID-19 Cyber Security Risks & Remedies
COVID-19 Cyber Security Risks & Related Tactics, Techniques & Procedures
The NY DFS 500 Cyber Security Regulation Requirements Checklist
The New York State Department of Financial Services (“DFS”) has been closely monitoring the ever-growing threat posed to information and financial systems by nation-states, terrorist…
Matrix-IFS Expands Its Financial Crime Advisory Practice
The company will offer its customers more robust compliance programs and solutions that cater to the ever-increasing regulatory demand.
Matrix-IFS Named "10 Most Trusted Risk Management Solution Providers" in 2019
As a global leader in financial crime and compliance consulting and services, Matrix-IFS places the safety, privacy, and security of financial institutions and their customers…
Hunter - The Historical Transaction Lookup Digital Investigator (RPA BOT)
Looking up historical transaction data is a task every Investigator knows and dreads. Imagine a world where he wouldn’t have to do all that and…
Unveiling Hunter, Kaycee & Lexi - AKA, the Digital Investigators
The term RPA has been thrown around as a buzzword, without financial crime use cases. But all this is about to change with the release…
A Word About Cost Conscious Compliance
Last week, we had the honour and pleasure to engage in a fruitful conversation with a roomful of Compliance leaders from the financial sector, to…
Crime Tourism – ATM Skimming Operations
Usually, when we hear the combination of the words “crime” and “tourism” they are being referred to in a context of a tourist falling victim…
Matrix-IFS is Sponsoring ACAMS Europe in Berlin (June 12-13 )
On June 12th, Matrix-IFS will be taking part in one of the most prestigious Financial Crime Conferences in Europe – ACAMS Europe, which will take…
The 5th AML Directive Readiness Checklist
During 2019-2020, EU countries will pass laws that introduce the 5th AML Directive (5MLD) into their respective national laws. Now is the time for your…
Best Practices to Transaction Monitoring Implementation
There are four key phases in transaction monitoring implementations and how a bank should design and execute these phases. Successful implementation of rule selection, data…
Matrix-IFS is Attending ACAMS Florida (April 15-17 )
On April 15–17, 2019 Matrix-IFS will be taken part in one of the largest Financial Crime Conferences in the US – ACAMS Florida, which will…
The Problem with AML Today & How to Fix It: Part I - The AML Problem
The latest discoveries around the massive scale of money laundering at Danske Bank and ING are just two of the most recent examples of an underlying problem with the…
Applying Robotic Process Automation in AML & FIU Operations
Learn how RPA can increase efficiency, lower risk, and trim your overhead Every financial institution faces costly challenges managing fraud and AML. False Positives…
Matrix-IFS Hosts 4 Anti-Financial Crime Webinars
Matrix-IFS introduces a series of timely and informative webinars on new issues, trends and solutions in Anti-Financial Crime. Webinars are designed to update and inform…
Supercharge your FIU’s Operations with RPA at ACFE Las Vegas
During the 29th Annual ACFE Global Fraud Conference, Anshul Arora, Head of FL Delivery Center will present Matrix-IFS's RPA solution for improved operations and increased…
Top 6 Deal / List Systems Challenges & How to Solve Them
Stop bleeding precious time and resources by changing your approach to common problems | You know the challenges associated with your Deal Management (DMS)…
How to Overcome AML Operations Growing Pains Using Cutting-edge Technology? | Find Out at ACAMS Europe
During ACAMS Annual Europe Conference in Amsterdam, Matrix-IFS will participate in a panel session on the subject of AML Operations and how to fight growing…
Special Podcast – The War on Money Laundering and Why You Should Care
Jordan Harbinger, host of the popular podcast, the Jordan Harbinger Show, invited our own Joshua Fruth, Director of the AML Advisory Services’ Special Investigations Unit (SIU),…
Matrix-IFS Named “Top 10 Risk & Compliance Solution Providers 2018”
Since 2006, Matrix International Financial Services (Matrix-IFS) has been helping financial institutions strengthen business compliance and address financial crimes and fraud issues, with a goal…
Deciphering Multi-Faceted Venezuelan Sanctions – Top Ten Practical Tips to Stay Compliant
The recently imposed Venezuelan sanctions issued by the U.S., the E.U., and Canada have placed heavy burdens on sanctions compliance programs. This has made it…
