AML SYSTEM
SELECTION
BRIEF OVERVIEW
Lysis can deploy its proven 10-point systems selection methodology to assist our customers to select the most appropriate off-the-shelf AML system for their needs.
Our methodology includes:
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Policy and procedure review to establish a base-level of requirements.
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Workshops with stakeholders to fully articulate requirements and resolve any ambiguities.
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Production of a long-list of systems vendors.
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Half-day systems demonstrations to reduce the long-list to a short-list.
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Issue of a formal Request for Proposal (RFP) document asking short-listed vendors to provide written answers to questions about the functional and technical aspects of their system.
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Agreement of the scoring and weighting methodology to be used for each answer in the RFP responses.
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Formal weighted scoring of RFP answers to reduce the short-list to (typically) two systems.
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Full-day workshops with test/pilot cases to demonstrate how the systems meet the firm’s requirements.
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Proof-of-concept/pilot with the chosen vendor
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Contracts and commercials
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EXAMPLE EXPERIENCE
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Global financial services firm, headquartered in London