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 Bank
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 large backlog of increasingly old transaction alerts that potential indicated suspicious activity and required reporting.
A major wholesale and retail bank with global reach had deficiencies it is AML governance framework and consequently with its KYC operations.
A major European wholesale and investment bank with global reach asked for help meeting customer classification requirements.
