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.
A successful regulatory turnaround for a UK EMI and crypto firm, restoring FCA permissions and avoiding administration under new leadership.
Lysis designed and implemented a compliance monitoring framework for a UK-regulated EMI. The aim of the framework was to ensure ongoing compliance with the Electronic Money Regulations 2011 (EMRs), including with the Money Laundering Regulations 2017 (MLRs).
Although the client is based in the US, they have European subsidiaries which include the UK and therefore required Financial Conduct Authority (FCA) registration. In order to obtain registration as a crypto asset firm in the U.K. they had to comply with specific FCA requirements.
