Anti-Money Laundering

Overview

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.

Helping financial institutions stay compliant and secure.

Our Core Practices

Specialized focus areas designed to protect your business and ensure compliance.

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.

Advisory Services

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

Services include:

Evaluation of Current Payment Strategy

Vendor & Fintech Partner Assessment

Regulatory & Compliance

Transformation Roadmap

International Market expansion Opportunity Evaluation

Solving current Business Payment Issues

Market & Competitive Analysis of existing Payment Services & Technologies

New Payment Platform Advisory

Data Services

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

Data Mapping

Technology Services

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

Machine Learning Model Development

Solution Upgrade & Migration

Custom UI Development

Cloud Migration

Testing – SIT

Regression

Performance

QA Automation

Production Deployment & BAU Support (RTB)

DevOps

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

Custom Model Development

Operational Analytics

Visual Analytic Dashboards

Operational Analytics

FIU Analytics

Automation (RPA) & AI

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

RPA roadmap Managed Services

LLM & RAG Integration & Development

GenAI Integration

Prompt Engineering

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

Program Assessment

Infrastructure Maintenance

Performance Tuning

Quick answers. Real solutions.

Enter your contact details