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Home > Top Stories > MATRIX-EXZAC DEBUTS EMPLOYEE MONITORING AND INSIDER FRAUD SOLUTION FOR FINANCIAL INSTITUTIONS

MATRIX-EXZAC DEBUTS EMPLOYEE MONITORING AND INSIDER FRAUD SOLUTION FOR FINANCIAL INSTITUTIONS

Published by Gbaf News

Posted on July 3, 2014

3 min read

Last updated: January 22, 2026

MATRIX-EXZAC DEBUTS EMPLOYEE MONITORING AND INSIDER FRAUD SOLUTION FOR FINANCIAL INSTITUTIONS - Top Stories news and analysis from Global Banking & Finance Review

Matrix-Exzac, a leading global provider of financial crime prevention and compliance solutions and services, announces the new Matrix-Exzac Employee Monitoring and Insider Fraud (EMIF) solution. Insider fraud is an increasingly serious threat for banks and financial institutions around the world, posing threats to data integrity and security, regulatory compliance, consumer confidence, brand reputation – and their bottom line. Matrix-Exzac has partnered with Intellinx, a leading provider of Insider Fraud and Employee Monitoring technology, to provide Financial Services organizations with a cost-effective, end-to-end solution for addressing insider threats.

Combining Matrix-Exzac’s proven agile delivery methodologies with Intellinx’s zero ETL technology stack – a non-invasive solution that does not require data loads – the new EMIF solution deploys in a low impact, accelerated implementation that delivers rapid results. It streamlines fraud monitoring by utilizing Intellinx’s proprietary network-sniffing function, eliminating the industry’s traditional cumbersome, time-consuming ETL steps.

MATRIX-EXZAC Debuts Employee Monitoring And Insider Fraud Solution For Financial Institutions

MATRIX-EXZAC Debuts Employee Monitoring And Insider Fraud Solution For Financial Institutions

Matrix-Exzac Partner and Insider Fraud Subject Matter Expert Josh Ablett says, “With the new EMIF solution, Matrix-Exzac can demonstrate a record-and-replay, rule writing and comprehensive data capture – typically within a few weeks, providing a low risk and high ROI solution to help financial institutions address increasing fraud challenges and meet regulatory demands.

According to information from the second annual Attachmate Corporation and Ponemon Institute survey, “The Risk of Insider Fraud”:

Organizations experience approximately one fraud event per week
On average, organizations have had approximately 55 employee-related incidents of fraud in the past 12 months
23% say insider fraud incidents existed six months or longer before being discovered and 9% could not determine when they occurred
61% rate the threat of insider fraud within their organization as very high or high
87 days is the average time for organizations to first recognize that insider fraud has occurred, and more than 105 days to get at the root cause
73% of respondents reported that an employee’s malfeasance caused financial loss and possibly brand damage

Key features of Matrix-Exzac’s new Employee Monitoring and Insider Fraud solution include:

Comprehensive forensic investigation and auditing activities including visual replay
Efficient automatic cross-channel behavior and transaction tracking in real-time and batch
Thorough investigations and case management

“Working with some of the world’s largest financial institutions, we realized their increasing and pressing need to replace cumbersome, slow monitoring with a more advanced solution to address internal fraud,” says Matrix-Exzac CEO Renan Levy. “Matrix-Exzac’s new Employee Monitoring and Insider Fraud solution provides financial institutions with an efficient, effective alternative to help fraud investigators, compliance officers and internal auditors more quickly identify and address insider issues.”