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.
Corporate, Wholesale and Investment Banking
Target Operating Model
The two major global investment banks had their own set of systems, procedures and clients that needed integrating into the single bank whilst continuing to on-board their new clients. The requirement included the implementation of a single client on-boarding firm structure and alignment of systems and procedures to a single global policy.
Lysis provided experienced regulatory compliance and operational change consultants to design a suitable single solution to meet the business needs of the merged bank. A Target Operating Model which incorporated a strategic systems architecture was developed. Also, a System Integration Plan was developed to leverage the "best of breed" technology and working practices was produced. Lysis then successfully managed the execution of the programme over a 28-month period.
Seamless KYC & AML Systems Integration for a Leading Specialist Bank
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
A European Retail Bank with over 4000 employees globally had a tight regulatory deadline to review five years of transactions to identify suspicious transaction and cases of money laundering and/or terrorist funding.
