Operations & Resourcing

KYC Utility Strategy

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).

The Client

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).

The Challenge

There was a need for a CLM/AML/KYC managed service strategy. This included the confirmation of the market opportunity and to define the business and operating plans and a functional design for a full end-to-end CLM/AML/KYC managed service including a shared operating model across banks.

The Solution

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.

Results

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.

Ready to chat about how we can help you?
Get in touch today!
Get in Touch
More Case Studies
Browse Case Studies
Gaming Compliance
Regulatory Permissions for a Global Payment Services Firm
Gaming Compliance
Suspicious Activity Reporting backlog for an Irish Payment Services Provider
Gaming Compliance
Regulatory Permissions for an Irish Payment Services Firm

Offices across the globe.

UK

EU

USA

ASIA

SA