The payments industry is rapidly evolving, driven by technological innovation, changing customer expectations and increasing regulatory scrutiny. Payment Service Providers (PSPs), e-money institutions (EMIs), fintechs and alternative banking platforms must navigate complex governance, compliance, anti-money laundering (AML), counter-terrorist financing (CTF), fraud prevention and other regulatory compliance requirements while maintaining seamless payment experiences for their customers.
Lysis Group has a proven track record of supporting payment firms in meeting these challenges. We work with some of the world’s leading payment institutions, challenger banks and fintechs, providing expertise in compliance frameworks, financial crime risk management and regulatory advisory services.
We help firms achieve regulatory alignment, mitigate financial crime risks and enhance operational efficiency, allowing them to scale and grow with confidence.
We work with payment firms at all stages of their growth, from startups seeking regulatory authorisation to established institutions optimising their compliance and risk management frameworks. Our solutions are tailored to the specific challenges and regulatory requirements faced by firms operating in the UK, EU and global payment markets.
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Our client was applying for Payment Services permissions from the Central Bank of Ireland and required support in defining and documenting the Governance and Compliance framework.
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 wished to outsource the Client On-Boarding and AML Operations for its merchant acquiring business in Europe, replacing their current major global outsourcing partner.
Our client had implemented a new transaction monitoring system and wished to ensure that the previous two years' transactions had been monitored effectively.
A major credit card company required the design and implementation of a bespoke iteration of the iMeta client on-boarding and lifecycle management system to meet specific business needs.
The incoming Head of Compliance at our customer identified that Client Monies were not being managed as per regulation and this therefore required an immediate remediation.
Our client had acquired a business from a competitor and had c.50-60 Payment Programme Managers and their programmes to on-board. They asked Lysis to supply a team of experts to do this work.
Our client had a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
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.
Following a review from the Financial Conduct Authority (FCA) in 2021, and a subsequent letter from the regulator, the client had to address a number of gaps that were identified by the regulator.
Our client had a new executive-level Money Laundering Reporting Officer (MLRO) and some new board members. Our client asked Lysis to run an AML Masterclass for UK AML Regulations.
Our client had been advised that their AML provisions were not up to the required standard and wished to remedy this before regulatory sanctions were imposed.
Jon has 35+ years’ wholesale financial markets experience in London, New York, Singapore and Frankfurt. He specialises in Regulatory Strategy, Governance, Regulatory Change Management and M&A/Integration. Jon founded Lysis in 2001. He was previously Head of the Investment Banking, eBusiness and Trading Floor practices at AIM-listed TCA Consulting. Notable clients include Deutsche Bank, BNP Paribas, RBS/ABN, ICAP, JCB cards and Uphold.
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Wendy has over 18 years of experience in regulatory operations and financial crime compliance. As the Head of Lysis Academy, she manages the Cape Town-based offshore center and has trained over 2000 KYC analysts globally. Wendy developed Lysis' Training Needs Assessment service and CPD program, regularly assessing clients' AML teams. She has expertise in AML regulations for crypto assets and has held various SME and advisory roles in firms like Bear Stearns, Deutsche Bank, and ING. Wendy specializes in AML frameworks, risk rating methodologies, and conducts AML Maturity Assessments and Reviews. She is a respected SME in regulatory operations with practical operational experience.
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Mark has been working within the AML/CLM industry for over 15 years, gaining experience within tier 1/2 investment banks and a Big Four consultancy. He has also managed operational and transformation teams for Online Gaming Compliance and PSP clients. Mark has expertise in AML/CLM processes, data, and operational risk, and likes to view this all through a regulatory compliance lens. He also has a knack for creating insightful Management Information, allowing clients to track project progress, report AML and other regulatory risks and identify areas for cost-saving efficiencies.
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