Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Payment Services & Card/ Merchant Acquirers
UK Payment Services Provider
Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Lysis provided a compliance officer and a team of senior AML Analysts to review and on-board the Programme Managers. This involved Enhanced Due Dilgence on the Programme Managers and full review of the AML framework, governance and operating models of the Programme Managers to ensure that their programme customers could be on-boarded without putting our client at risk of breaching AML rules.
Our client wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
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.
