Fraud Prevention

core solutions

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.

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.

Services

Advisory Services

Implementation & Testing

Modeling & Analytics

Automation (RPA)

Data Services

Managed Services

Advisory Services

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

Services include:

Independent Risk Coverage Review
Future Weakness Assessment
Model Validation
Look-back Testing
System Validation
Remediation

Implementation & Testing

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

Services include:

OOB Solution Implementation
Custom Development
Scenario Testing
Tuning Services
Case Management
Regulatory Reporting
End-to-end Testing
Workflow Definitions

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

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

Services include:

Data Requirements
Data Mapping
ETL Design & Development
Data Quality Analysis
Data Lineage Analysis
Big Data Design & Development
Data Access Strategy & Security
Data Security
Cloud 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

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.

Fraud Prevention

core solutions

The fraud prevention challenge

Services

Advisory Services

Implementation & Testing

Modeling & Analytics

Automation (RPA)

Data Services

Managed Services

Advisory Services

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

Services include:

Independent Risk Coverage Review

Future Weakness Assessment

Model Validation

Look-back Testing

System Validation

Remediation

Implementation & Testing

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

Services include:

OOB Solution Implementation

Custom Development

Scenario Testing

Tuning Services

Case Management

Regulatory Reporting

End-to-end Testing

Workflow Definitions

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

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

Data Services

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

Services include:

Data Requirements

Data Mapping

ETL Design & Development

Data Quality Analysis

Data Lineage Analysis

Big Data Design & Development

Data Access Strategy & Security

Data Security

Cloud Services

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

Fraud Prevention Success Stories

CDD & SAM Model Validation (DFS 504)

CDD & SAM Model Validation (DFS 504)