The “Financial Crimes”

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Financial Crime & Compliance News

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.

Jun 25, 2024 Read more

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…

Jan 30, 2024 Read more

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.

Dec 18, 2023 Read more

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…

Sep 21, 2023 Read more

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…

Aug 2, 2023 Read more

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…

Sep 29, 2022 Read more

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…

Sep 2, 2022 Read more

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  

Aug 2, 2022 Read more

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…

Apr 13, 2022 Read more

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.  

Nov 17, 2021 Read more

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…

Oct 18, 2021 Read more

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  

Sep 30, 2021 Read more

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…

Jan 7, 2021 Read more

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…

Dec 14, 2020 Read more

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.

Jul 10, 2020 Read more

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…

Jun 5, 2020 Read more

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.

May 28, 2020 Read more

COVID-19 Cyber Security Risks & Remedies

COVID-19 Cyber Security Risks & Related Tactics, Techniques & Procedures

Apr 3, 2020 Read more

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…

Feb 26, 2020 Read more

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.

Jan 29, 2020 Read more

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…

Dec 9, 2019 Read more

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…

Nov 1, 2019 Read more

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…

Oct 14, 2019 Read more

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…

Oct 2, 2019 Read more

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…

Jul 9, 2019 Read more

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…

Feb 5, 2019 Read more

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…

May 8, 2019 Read more

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…

Mar 18, 2019 Read more

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…

Apr 5, 2019 Read more

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…

Feb 27, 2019 Read more

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…

Sep 27, 2018 Read more

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…

May 21, 2018 Read more

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…

Jun 21, 2018 Read more

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)…

Jun 7, 2018 Read more

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…

May 29, 2019 Read more

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),…

Apr 5, 2018 Read more

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…

May 21, 2018 Read more

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…

Jan 24, 2018 Read more