Matrix-IFS’ Alius tool is an application that simulates different transaction monitoring scenarios to assist users in tuning their AML surveillance system. Think of it as a ‘what if’ analysis where you can test different thresholds and view the expected results from the transaction monitoring system. It can help detect gaps between what your transaction monitoring system monitors and what is actually happening.

The application provides:

• An analysis dashboard to review the performance of existing rules with breakdown options per model, risk, segments, and quality of dispositioned rules
• System-level configuration possibilities for lists, transaction types and transaction group relationships
• A rule level review of the existing configuration with the ability to review in real-time the impact of changes to the volume of alerts, events, or entities
• A drill-down screen that presents an in-depth review of alert details, underlying events, and transactions. Furthermore, the drill-down screen enables different filtering options per risk, segment, disposition, Learning Mechanism impact and more
• A final review of tuned rule results and sampling support
• The ability to export functionality for configuration documentation, sampling, and detailed analysis