03.06.2025
2 min read
A tier-1 global bank was experiencing heavy losses due to fraud on remote banking from 1st Party and 3rd Party. Matrix-IFS was brought in to evaluate the current state and create a solution to improve monitoring capabilities that will help reduce fraud losses.
For 1st Party Fraud, the Matrix-IFS team performed a tuning and score calibration of the existing internal scoring model, transforming the score scale into 8 segments that represented the risk of check return in a more efficient and accurate manner. Based on the new score calibration the team created a set of Policy Manager rules to monitor activities for mobile Check Deposits.
For 3rd Party Fraud, our fraud team created a 2 stage solution:
Step 1 – Matrix-IFS created a set of profiles utilizing all available customer data & geographical data sources for new account opening events. The result was a set of 36 unique attributes which provided a 360° view of the cross-channel picture of each unique entity who opened a new account.
Step 2 – The bank requested to utilize the cross-channel information in order to improve monitoring and control on new account opening events. The Matrix-IFS team created a set of rules, utilizing the profiled data, improving monitoring capabilities and controls of the operation teams for out of pattern suspicious behavior and potential Account Take Over cases on New Account opening events.
A U.S. commercial bank factored operational efficiency before and after applying RPA to FP investigations. The results were significant and immediate.
How we performed for an international European bank in NYC Model Validation for Actimize CDD & SAM modules, in line with DFS 504 regulations
Helping a leading international commercial bank with their Global AML Competence to assist with the OCC/ DFS 504 model validation.
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A large international bank required an implementation of Actimize’s Fraud Management Solution (IFM), for Corporate Payments Fraud detection.
How we assisted a tier-1 bank to fix the gaps in its existing AML monitoring system by creating an AML optimization program.
How we assisted a Global Payment Processor to cut losses due to fraud committed against their debit cards on their debit solutions.
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A European Global Bank engaged Matrix-IFS was in need of a Managed Services provider for their AML and Trade Surveillance programs.
A US Branch of a Global Bank has asked Matrix-IFS to manage the end-to-end implementation of a legacy system components.
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.
A multinational retail corporation was required to identify and investigate suspicious transactions that occurred in-store or online.
A multinational retail corporation was required to identify and investigate suspicious transactions that occurred in-store or online.
How we helped an international bank optimize its transaction monitoring system while under review by the regulator.
A US Regulator needed to adapt Actimize solutions to their unique business requirements of managing voluminous data and multiple exchange monitoring capabilities.
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