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.
Investment and Asset Management
Client Data Management
A large global broker with inter-dealer broking, corporateand retail broking brands, several of which had been acquired over the years.
With multiple brands operating across different jurisdictions, the client faced challenges in managing customer data and ensuring consistent AML compliance. Customer records were spread across disparate systems, leading to data duplication, incomplete records and inefficiencies in risk management. To address these challenges, the client sought to integrate customer data into a single system, managed by a central centre-of-excellence team, while ensuring compliance with evolving AML regulations.
Lysis deployed a combination of semi-automated tools and expert-led analysis to consolidate customer records from multiple databases. These tools:
• Identified and linked common customers across different brands.
• Flagged incomplete or outdated records requiring remediation based on specific risk-based criteria.
• Ensured customer records met regulatory compliance standards before integration into the firm’s Reuters GoldTier system.
Lysis analysts then conducted a rigorous data remediation process, ensuring that customer records were complete, accurate and aligned with AML compliance requirements. This structured approach established a single source of truth for customer data, strengthening risk governance, regulatory reporting and operational efficiency.
• Enhanced AML Compliance: Customer records were fully compliant with regulatory standards, reducing the risk of AML breaches and enforcement actions.
• Operational Efficiency: The transition to a centralised, clean customer database eliminated redundancies and improved onboarding, transaction monitoring and reporting processes.
• Improved Risk Management: With a golden source of customer data, the client gained better visibility into customer risk profiles, enhancing KYC/CDD processes and overall governance.
• Scalability for Growth: The centralised system provided a robust foundation for future acquisitions and regulatory changes, ensuring long-term compliance and efficiency.
A significant UK and US corporate bank with questions around the quality of the firm’s AML capabilities and customer files
A crypto asset business, a subsidiary of a US Nasdaq-listed company requested assistance with the process to obtain FCA registration. Lysis provided the client with a highly experienced MLRO and compliance team who worked with senior management to implement required controls and processes. The client was successful in obtaining FCA registration.
Our client had identified a tranche of several thousand corporate and retail customers for which they wished to remediate the Know Your Customer (KYC) data held and to re-assess whether the interactions with the retail customers were compatible with Responsible Gambling requirements.
