Lysis Group delivered a tailored, regulator-ready EWRA for a leading payments firm, enhancing risk visibility, governance, and compliance readiness.
Payment Services & Card/ Merchant Acquirers
A rapidly growing electronic money institution (EMI) and payment service provider (PSP) with operations across Europe and a client base spanning SMEs, fintechs, and e-commerce platforms. The client operates in a high-risk sector and must comply with evolving financial crime regulations under the UK and EU regimes.
The client was preparing for regulatory engagement and required a comprehensive Enterprise-Wide Risk Assessment (EWRA) to evidence a risk-based approach to financial crime compliance. Their existing risk assessment was outdated, fragmented across business units, and lacked alignment with current regulatory expectations and business expansion plans.
Key challenges included:
• Inconsistent risk categorisation and scoring methodology
• Gaps in data integrity and risk typology coverage
• Limited visibility of inherent and residual risks across products, geographies, and customer segments
• A lack of board-level visibility and clear ownership of financial crime risks
Lysis Group deployed a team of subject matter experts to design and deliver a fit-for-purpose EWRA aligned with FCA, EBA, and FATF expectations. The approach included:
• Conducting stakeholder interviews across compliance, operations, risk, and senior management
• Developing a risk taxonomy tailored to the payments sector, covering customer, product, delivery channel, and jurisdictional risks
• Designing a dynamic EWRA framework to measure inherent, control, and residual risks
• Integrating qualitative and quantitative data sources to inform risk ratings
• Producing a clear narrative for board reporting and regulatory review
Lysis also provided a tailored risk assessment tool and detailed handover to support future updates.
• A comprehensive and regulator-ready EWRA that gave full visibility of the client’s financial crime risk exposure
• Strengthened the client’s financial crime control environment and governance
• Enhanced board oversight with a clear risk appetite alignment
• Positioned the client for confident regulatory engagement and audit readiness
• Provided a scalable framework adaptable to new markets, products, and risk drivers
Lysis Group delivered a tailored, regulator-ready EWRA for a leading payments firm, enhancing risk visibility, governance, and compliance readiness.
A Norway-based crypto broker registered with the Norwegian Financial Authorities. The client had rapidly scaled its operations to meet growing demand in the crypto sector but faced increasing regulatory scrutiny from both national and European regulators.
A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.
A leading Contract of Differences (CFD) broker, part of a larger financial services conglomerate believed they had a market-leading CFD platform and wished to white-label to smaller brokers and potential competitors to offer to their customers.
