Fraud Prevention - Matrix-IFS

Overview

The fraud prevention challenge

Protecting private and corporate customers from criminals is a major challenge for all financial service providers.

The need to develop and maintain strong fraud controls goes beyond regulatory compliance – they are necessary to properly identify and defend against emerging threats.

Financial institutions must continually evaluate and adjust their fraud controls and existing software solutions based on risk landscape and IT architecture. This is where we come in, our experts provide a full range of Fraud Prevention Services to help you effectively manage ongoing threats. We are here to help.

Helping financial institutions stay compliant and secure.

Our Core Practices

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

Commercial Banking Fraud Prevention

Leverage our experience in implementing more than 200 fraud detection /prevention solutions at some of the largest commercial banks in the world.

Online & Mobile Banking Fraud Prevention

Matrix-IFS helps financial institutions to take a step forward in the arms race against criminals and their sophisticated methods for online / mobile fraud.

Payment Fraud Prevention

Our fraud prevention team will implement and adapt your fraud detecting solutions to cater for the unique requirements of established and innovative payment services providers.

Internal Fraud Prevention

Avoid excessive losses due to internal fraud by leveraging our extensive technology ecosystem and domain expertise, for real-time monitoring, case management, policy enforcement and reporting.

Authentication Management

Strike the right balance between applying various authentication methods, adjusting the fraud analytics and optimizing response times by deploying or modifying market-leading fraud prevention software solutions.

Fraud Detection Operating Model

We have engaged with many financial services providers to analyze and fine-tune the most optimal setup of fraud controls, fraud investigation teams structure, solution architecture and future roadmaps.

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.

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