A major global bank, following a merger, had two global trading brands operating across 60+ countries globally.
Corporate, Wholesale and Investment Bank
Client Data Management
A major global bank following a merger.
The bank wished to decrease time-to-trade for new customers and for existing customers who wished to trade new products. Many of these customers interacted with multiple entities of the bank globally. Global and local banking secrecy regulations placed many constraints on sharing of client data across entities, making it very challenging to design an efficient on-boarding process.
Lysis conducted extensive work with global and local legal and compliance staff to design an operating model for on-boarding that maximised efficiencies whilst ensuring compliance with the Banking Secrecy and Data Security legislation relevant to each operational jurisdiction and cross-border scenario. Lysis also assisted the client with the development of new terms of business for many of the entities to include revised Banking Secrecy and Data Security clauses. They also designed a matrix-driven and parameterised data management model that enforced the operational model and implemented it in global on-boarding systems. This was followed by remediation of the client data to ensure that it would work within the model.
The bank achieved significant improvements in on-boarding times which enabled it to retain clients and capture new ones. Compliance with Banking Secrecy, Data Security and Data Privacy legislation was ensured due to better visibility of requirements and more effective systems support to aid compliance in this regard.
One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.
One of the largest US-based Tech commercial banks needed to build out their offshore capabilities. This included in-depth interviews with all potential analysts to determine experience. This produced a team of fully traineed KYC analysts and created the opprtunity for organic growth.
A UK-based specialist bank that is primarily a specialist mortgage lender to retail clients. The bank also provides both small business and personal finance. They needed assitance to ensure that their new and exisiting client books comply with AML regulations.
