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.
A major wholesale and investment bank with global reach was placed under a Section 166 order regarding their KYC and AML controls.
Our client had a substantial backlog of transaction alerts. They were concerned that these included a number of true positives that therefore indicated suspicious activity and required reporting.
Our client had a requirement to train some experienced operational staff in AML
