The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.
Payment Services & Card/ Merchant Acquirers
UK Credit Card Provider
The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.
Lysis reviewed the firm's operating model including a partnership with a digital assets firm whereby they offered both fiat and crypto wallet capabilities. The management of client monies across this fiat/crypto service set was not correctly set up, leaving our client open to FCA censure. Lysis worked with the firm to define the correct model for client money safeguarding and helped them set up the correct client money bank accounts and a new accounting, reconciliation and reporting framework. We were then able to demonstrate to the FCA that the issues had been resolved and that client monies were being correctly safeguarded.
A global wholesale bank wished to select and implement a strategic, scalable, flexible client lifecycle management application that would be able to support the customer assessment requirements of its KYC and MiFID programmes as part of its Compliance framework.
A U.K. Branch of a major Asian bank needed an in-depth review and enhancement of their AML governance framework. Lysis conducted a success review and drafted all required policies & procedures, and established a KYC Target Operating model.
A major credit card company required the design and implementation of a bespoke iteration of the iMeta client on-boarding and lifecycle management system to meet specific business needs.
