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

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

Consulting & Advisory

On-boarding Target Operating Model

Corporate, Wholesale and Investment Banking

The merger of two global investment banks required the implementation of a single client onboarding firm structure and alignment of systems and procedure to a single global policy.

Read case study

Consulting & Advisory

Financial Crime Governance Framework design for a Crypto Asset firm

Crypto & Digital Assets

A new to market crypto asset business domiciled in Ireland received a regulatory requirement from the Central Bank of Ireland to design and embed a financial crime, AML/CTF, governance framework.

Read case study

KYC Utility Strategy for a large Operator of Bank Infrastructure

Offices across the globe

UK

EU

USA

ASIA

SA