Seamless KYC & AML Systems Integration for a Leading Specialist Bank
Retail & SME Banking
A specialist bank engaged Lysis Group to support several key integration projects, including:
• The creation of a Single Customer View (SCV) and a golden source of customer data.
• AML systems design to enhance compliance and risk management.
• The development and implementation of a global Target Operating Model (TOM) for KYC.
• Regulatory support, AML policy and procedure revisions and the design and implementation of Client Lifecycle Management (CLM) systems.
The specialist bank needed to integrate multiple systems, data sources and compliance frameworks while ensuring seamless operations and regulatory adherence. Key challenges included:
• Consolidating disparate customer records into a single golden source of truth.
• Designing an AML system that met evolving regulatory requirements.
• Aligning KYC processes and policies under a unified global operating model.
• Managing data migration and system compatibility to minimise operational disruptions.
Lysis Group deployed a structured systems integration and regulatory compliance approach to achieve the following:
1. Data Consolidation & Migration
• Developed a Single Customer View(SCV) to unify customer records across platforms.
• Implemented a structured data migration process to ensure accuracy and consistency.
• Established a golden source of customer data for regulatory and operational reliability.
2. AML & KYC System Design
• Designed an AML system architecture aligned with UK and global regulatory requirements.
• Developed and implemented a Target Operating Model (TOM) for KYC, streamlining workflows and governance.
• Revised AML policies and procedures to ensure compliance with evolving regulations.
3. Systems Integration & Operational Change
• Designed and implemented ClientLifecycle Management (CLM) systems for enhanced compliance and customer duediligence.
• Conducted system compatibility checks to ensure seamless integration across platforms.
• Provided regulatory support and advisory to align processes with industry best practices.
• Regulatory Compliance: The specialist bank’s AML and KYC frameworks were aligned with global best practices and UK regulations, reducing compliance risk.
• Operational Efficiency: The golden source of customer data enhanced onboarding speed, customer due diligence and transaction monitoring.
• Seamless Integration: Systems and workflows were successfully integrated, minimising operational disruptions and ensuring data integrity.
• Scalability & Future Readiness: The new KYC Target Operating Model and CLM systems provided a scalable foundation for future growth and regulatory changes.
A global bank, following a substantial cross-boarder banking merger, had two separate KYC/AML firms, policies, & IT infrastructures and need help with the harmonisation process.
A large U.S. based end-to-end human resources management firm and Lysis delivered a solution for the newly established UK/EU subsidiary which forms part of the SEC regulated entity.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
