KYC 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 KYC system for their needs. Our methodology includes:  

 

  • Policy and procedure review to establish a base-level of requirements.

  • Workshops with stakeholders to fully articulate requirements and resolve any ambiguities.

  • Production of a long-list of systems vendors.

  • Half-day systems demonstrations to reduce the long-list to a short-list.

  • 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.

  • Agreement of the scoring and weighting methodology to be used for each answer in the RFP responses.

  • Formal weighted scoring of RFP answers to reduce the short-list to (typically) two systems.

  • Full-day workshops with test/pilot cases to demonstrate how the systems meet the firm’s requirements.

  • Proof-of-concept/pilot with the chosen vendor.

  • Contracts and commercials

For more information select Download Content or press the Contact Us button.

CONTENT

CASE STUDY

EXAMPLE EXPERIENCE

  • Global financial services firm, headquartered in London

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