KYC Utilities & Operating Models
Lysis’s experience of KYC operations, our skills in designing and implementing effective cross-entity operating models and our knowledge of working with a number of the KYC Utilities enable us to provide advice to banks seeking to determine the most effective KYC operational strategy to adopt for the future and to design an operating model which makes the optimum use of in-house, utility and 3rd-party data provider capabilities. Discover more about our Operating models in this download.
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.