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

Regulatory Permissions for an Irish Payment Services Firm

Payment Services & Card/ Merchant Acquirers

Our client was applying for Payment Services permissions from the Central Bank of Ireland and required support in defining and documenting the Governance and Compliance framework.

Read case study

Consulting & Advisory

KYC/CDD Operations integration for the world’s largest cross-border banking merger

Corporate, Wholesale and Investment Banking

Two global banks merged and Lysis was asked to manage the integration of the KYC Operations functions globally for the wholesale & Investment Banking division covering 200,000 customers and 65 countries.

Read case study

Consulting & Advisory

Supporting a UK Digital Bank with Licensing - PRA, FCA and PSD2 Compliance

Payment Services & Card/ Merchant Acquirers

A newly established digital bank required full regulatory permissions to operate as a licensed bank in the UK and to ensure compliance with EU PSD2 regulations.

Read case study

KYC Utility Strategy for a large Operator of Bank Infrastructure

Offices across the globe

UK

EU

USA

ASIA

SA