Global Banking Secrecy & Data Security
Lysis Financial Case Study: Global Banking Secrecy & Data Security. Significant improvements in on-boarding times were achieved, enabling the bank to retain clients and capture new ones. Compliance with Banking Secrecy and Data Security legislation was improved due to better visibility of requirements and more effective systems support to aid compliance with them.
Case Study: LYSIS & NAPIER Transaction Monitoring
Lysis Operations Case Study. The challenge: A requirement to have an effective transaction monitoring framework, operational controls and processing to manage and monitor payments across Europe and to establish a solution which can adapt and iterate with the constantly-changing regulations and requirements.
In this paper, we take a closer look at the numbers relating to payments, transactions, and the world of compliance to help explain why some of the current transaction monitoring technologies and operational controls struggle to identify illicit activity. We then look at the role of technology and what future developments will bring to transaction monitoring.