KYC Utility Strategy for a large Operator of Bank Infrastructure

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).

Division

Consulting & Advisory

Industry

Investment and Asset Management

Service-line

AML Utility/ Shared-Service Strategy

Download Case Study

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.

Other Case Studies

Browse Case Studies

Consulting & Advisory

CLM Systems Selection and Implementation

Corporate, Wholesale and Investment Banking

A global wholesale bank wished to select and implement a strategic, scalable, flexible client lifecycle management application that would be able to support the customer assessment requirements of its KYC and MiFID programmes as part of its Compliance framework.

Read case study

Consulting & Advisory

Location Strategy for Level 2 Teams for a Global Gaming Operator

Gaming Compliance

Our client was looking at options for the location of new Level 2 teams to support retail customers with affordability and suitability issues.

Read case study

Innovation, Authorisations & Banking Solutions

End to End FCA Registration Support for an Institutional Digital Assets Firm

Crypto & Digital Assets

An international institutional digital assets firm offering stablecoin-based cross-border brokerage services engaged Lysis Advisory to support its UK FCA registration under the Money Laundering Regulations (MLRs). The firm operates a multi-jurisdictional, technology-driven brokerage model providing access to deep cryptoasset liquidity for corporate and professional clients. Lysis was selected due to its strong track record of successful FCA applications and its ability to deliver a tailored regulatory framework aligned with current FCA expectations and adaptable to the upcoming FSMA-style regime.

Read case study

KYC Utility Strategy for a large Operator of Bank Infrastructure

Offices across the globe

UK

EU

USA

ASIA

SA