Matrix-Exzac's Fully-Compliant OTC Derivative Surveillance and Position Monitoring Solution Cuts Operational Infrastructure Costs By Up to 75%

JERSEY CITY, N.J., Sept. 9, 2014 /PRNewswire/ -- Matrix-Exzac, a global innovator in financial crime prevention and compliance, announces a cost-saving, custom-developed OTC Derivative Surveillance compliance and Position Monitoring (OTC-DS-PM) solution to help investment banks, asset management firms and service providers manage operational infrastructure compliance mandated by the Dodd-Frank Act and other regulations. Matrix-Exzac provides complete OTC-DS-PM implementation life cycle services, including initial assessment, evaluation, selection process, design through development, and deployment.

A recent Matrix-Exzac survey of market-leading broker/dealers and investment banks showed that new compliance initiatives not properly utilizing existing infrastructure may cost up to 300% more than projects leveraging existing software tools and applications. Matrix-Exzac OTC-DS-PM utilizes existing infrastructure to perform compliance functions and capabilities, helping institutions lower operational compliance costs as much as 75%.

Matrix-Exzac OTC-DS-PM incorporates Trade Blotters and alert-generating surveillance scenarios for all OTC asset classes: Interest Rate Swaps, Credit Default Swaps, OTC Commodities, FX and Equities transactions. Other benefits include:

• Faster compliance – deploys rapidly, requires little to no training or maintenance
• Streamlines ongoing compliance – incorporates established rule engines, analytical tools, enterprise case management applications; readily adapts to new rules and data requirements
• Eliminates risk and cost, reduces downtime, training, incompatibility and unknown risks and challenges
• Proven solution in use at one of the nation's largest broker-dealers and a global Top-5 investment bank

"Our years of experience implementing compliance solutions for the world's leading financial institutions have proven that the most efficient, cost-effective regulatory and compliance options for institutions in the OTC derivatives market reside within their own existing infrastructure," says Matrix-Exzac CEO Renan Levy.

About Matrix-Exzac:
Matrix-Exzac offers a full range of solutions and services to help banks, investment firms, asset management firms and other financial service providers maximize regulatory compliance and minimize fraud risk across multiple solution platforms. Over 50 of the world's top-tier financial institutions rely on Matrix-Exzac to architect, implement and manage their compliance and fraud prevention programs. Headquartered in Jersey City, NJ, Matrix-Exzac is division of Matrix IT Ltd (Symbol MTRX.TA), operating globally with offices in the US, UK, Israel, Eastern Europe, China, and Hong Kong, and over 6,500 employees. Visit www.matrix-exzac.com.

SOURCE Matrix-Exzac