A major bank with two major trading entities wished to decrease time-to-trade processing overheads for new customers and for new products for existing customers.
Corporate, Wholesale and Investment Banking
KYC Remediation
Lysis used a series of semi-automated tools to identify common customers across multiple different databases and created a clean customer record. The tools also flagged incomplete records or those requiring remediation according to specific risk-based criteria. Lysis analysts then remediated the customer records to ensure that the customer and AML compliance data was complete and up-to-date before loading the customers into the firm's Reuters GoldTier. Lysis assisted the client by creating clean customer records and also applied specific risk-based criteria during the remediation process to establish a golden source of customer data.
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.
A major global bank needing a data clean-up post banking system implementation
Our client wished to gain an ACPR Payment Institution license in France and asked for Lysis' assistance to prepare all the documents and for general support during the application process.
