Efficiency improvements post-go-live at a global securities house to remove bottlenecks and restore operating efficiency after a Fenergo implementation. Lysis supported a global wholesale and investment bank during its Fenergo implementation and then worked alongside the bank to streamline the post go-live operating and processing model
Corporate, Wholesale and Investment Banking
CLM Process Efficiency
A global wholesale and investment bank.
Efficiency improvements post-go-live at a global securities house to remove bottlenecks and restore operating efficiency after a Fenergo implementation. Lysis supported a global wholesale and investment bank during its Fenergo implementation and then worked alongside the bank to streamline the post go-live operating and processing model.
This included:
• BAU backfill in client on-boarding and refresh while the usual BAU teams were focusing on the Fenergo implementation.
• Post go-live testing to remove data and technology errors. Liaison with BAs to get the necessary errors systemized.
• Data clean up of duplicate records and remediation to ensure customer and compliance data is correct
• Process enhancement and workarounds to remove bottlenecks in the post-go-live process.
• Training & SME Support for front office and operations staff
The result was that the initial problems with the post-go-live operating model were significantly reduced.
One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.
Our client wished to gain an ACPR Payment Institution license in France and asked for Lysis' assistance to prepare all the documents and for general support during the application process.
A major estate agency had a need to establish a Know Your Customer (KYC) function which was able to scale and undertake a remediation exercise to meet new regulatory requirements (i. e. , 4MLD) and to build out a business as usual (BAU) function to service ongoing requirements.
