A major credit card company and regulated PSP with global reach approached Lysis to uplift their transaction monitoring framework and operational controls.
Payment Services & Card/ Merchant Acquirers
Transaction Monitoring Framework
A requirement to have an effective transaction monitoring framework, operational controls, and processing to manage and monitor payments across Europe.
Lysis delivered a fully effective and complete compliant transaction monitoring programme based on industry leading AI technology and managed specialised personnel.
An international payment company with offices in major European hubs outsourced KYC service provision was unsatisfactory. A significantly enhanced and more effective capability was developed by Lysis.
Our client had identified a tranche of several thousand corporate and retail customers for which they wished to remediate the Know Your Customer (KYC) data held and to re-assess whether the interactions with the retail customers were compatible with Responsible Gambling requirements.
A U.K. based broker dealer required assistance with the management of their Financial Conduct Authority (FCA) issued Section 166 remediation notice.
