A large operator of bank infrastructure wanted to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).
Corporate, Wholesale and Investment Banking
AML Utility/Shared-Service Strategy
Large operator of bank infrastructure wishing to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).
Over a three-month period, Lysis deployed a team of senior consultants and CLM/AML/KYC experts to produce a comprehensive strategy for the client across three main workstreams namely business and finance, operations and technology and data. The strategy considered of the following:
- The market opportunity and competitive landscape with the inclusion of client feedback.
- Lessons learned from previous KYC utility builds.
- Regulatory viewpoint which was developed via regulator-interviews and compilation of written regulator opinions.
- Business case.
- The technology landscape and potential vendor partnerships.
- A data model, including data sharing considerations.
- Policy and process standardisation opportunities.
Lysis successfully delivered a comprehensive and executable strategy for a full end-to-end AML managed service which included:
- A comprehensive business plan including a fully working financial model.
- A complete target operating model, including processes, locations, and a people strategy.
- A technology and data strategy and building plan.
- An operational risk framework and model.
- A detailed SWOT analysis.
- A go-to-market plan.
A UK-based Crypto custodian with a global reach need to meet a regulatory requirement for all personnel to undergo specific training successfully delivered by Lysis.
A global wholesale and investment bank needing client on-boarding and AML Support
A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
