A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
Corporate, Wholesale and Investment Banking
KYC Remediation
Lysis used a series of semi-automated tools to identify common customers across multiple different databases and created a clean customer record. The tools also flagged incomplete records or those requiring remediation according to specific risk-based criteria. Lysis analysts then remediated the customer records to ensure that the customer and AML compliance data was complete and up-to-date before loading the customers into the firm's Reuters GoldTier. Lysis assisted the client by creating clean customer records and also applied specific risk-based criteria during the remediation process to establish a golden source of customer data.
Following a visit from the regulator, a global inter-dealer broker was put under a Section 166 order.
A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
Seamless KYC & AML Systems Integration for a Leading Specialist Bank
