As part of a 7,650 IT professionals service organization, Matrix-IFS, a division of Matrix IT Ltd (symbol MTRX.TA). Matrix-IFS specializes in minimizing financial compliance, operational and fraud risk by offering a full range of services, from compliance surveillance and fraud prevention strategies, system and data requirements, review and capability assessments, to IT and business process outsourcing, systems integration, testing, training, and ongoing support. Matrix-IFS has broad expertise across multiple solution platforms and experience helping more than 50 top-tier global financial institutions architect, implement and manage the day-to-day operation of compliance, AML, surveillance and fraud prevention programs. Matrix-IFS has developed and nurtured a broad expertise across multiple solution platforms and operational models. With our intimate knowledge of the predominant case management, compliance and fraud detection solutions on the market today including; Actimize™, Oracle™ Mantas™, Norkom™, Fortent™ and NASDAQ OMX™ SMARTS™, we help institutions establish the technology foundation of a top-performing fraud and compliance organization, and put in place the processes and resources to ensure our clients realize the financial, business and regulatory benefits of an industry leading fraud and compliance program.
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 channels available, 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. To help financial institutions address these challenges in the most efficient and cost-effective manner, Matrix-IFS has developed a unique methodology which focuses on delivering practical, creative and achievable solutions. We approach each project with a blend of understanding and advocating the bank’s compliance and business objectives; a pragmatic assessment of operational, technology, and budget constraints; agile and transparent project management methodology; and a can-do attitude.
Matrix-IFS was established to help regulated entities simplify compliance, effectively understand and efficiently implement global and national regulatory directives. Consisting of former bankers and regulators known as industry-leading experts in their fields, the Matrix team offers unprecedented guidance and integrated solutions to address Risk Management, Finance, Operations and Regulatory Affairs, including Capital Planning and CCAR, Liquidity Risk Management, and Recovery & Resolution Planning .