MATRICS

MATRICS is a comprehensive, fully-featured Automated Anti-Money Laundering (AML) and Anti-Fraud solution, purpose-built for Nigerian banks and compliance-aligned with local and global regulatory baseline standards.

One problem keeps Bank CEOs, CCOs and CROs awake at night: the rapid adoption of financial technology, and its resultant effects — frequent new laws and regulatory directives, rapidly increasing transaction volume and complexity, constantly emerging fraud typologies, and intensifying regulatory and supervisory surveillance with real financial and reputational penalties for breaches.

Only a robust, agile governance, compliance and control tool — professionally developed to suit both local and global standards — can help banks contain these challenges. That tool is MATRICS.

Designed to Meet Regulatory Standards

MATRICS is carefully designed to align with local AML/CFT regulatory standards, including the Central Bank of Nigeria's 2025 Baseline Standards for Automated Anti-Money Laundering Solutions, which promote operational efficiency and regulatory compliance for financial institutions in Nigeria. Financial institutions are expected to align their AML solutions with these baseline standards, with the CBN conducting follow-up reviews and periodic industry assessments to ensure compliance.

The CBN's AML guidelines are a clear signal that compliance can no longer be manual, reactive, or loosely enforced — particularly for fintechs, digital banks and payment providers operating in Nigeria. MATRICS gives institutions a 12-week path to full alignment: one week of requirements gathering, eight weeks of development and integration, two weeks of UAT, and one week of training.