KYC Utility Strategy for a large Operator of Bank Infrastructure

A large operator of bank infrastructure wanted to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).

Division

Consulting & Advisory

Industry

Investment and Asset Management

Service-line

AML Utility/ Shared-Service Strategy

Download Case Study

The Client

Large operator of bank infrastructure wishing to develop a shared operating model and managed service for client lifecycle management (CLM), anti-money laundering (AML) and Know Your Customer (KYC).

The Challenge

There was a need for a CLM/AML/KYC managed service strategy. This included the confirmation of the market opportunity and to define the business and operating plans and a functional design for a full end-to-end CLM/AML/KYC managed service including a shared operating model across banks.

The Solution

Over a three-month period, Lysis deployed a team of senior consultants and CLM/AML/KYC experts to produce a comprehensive strategy for the client across three main workstreams namely business and finance, operations and technology and data. The strategy considered of the following:‍ - The market opportunity and competitive landscape with the inclusion of client feedback. - Lessons learned from previous KYC utility builds. - Regulatory viewpoint which was developed via regulator-interviews and compilation of written regulator opinions. - Business case. - The technology landscape and potential vendor partnerships. - A data model, including data sharing considerations. - Policy and process standardisation opportunities.

Results

Lysis successfully delivered a comprehensive and executable strategy for a full end-to-end AML managed service which included: ‍ - A comprehensive business plan including a fully working financial model. - A complete target operating model, including processes, locations, and a people strategy. - A technology and data strategy and building plan. - An operational risk framework and model. - A detailed SWOT analysis. - A go-to-market plan.

Other Case Studies

Browse Case Studies

Consulting & Advisory

A Crypto Asset Business Obtains Registration with the Financial Conduct Authority (FCA)

Crypto & Digital Assets

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.

Read case study

Consulting & Advisory

AML Health Check

Crypto & Digital Assets

A London based financial institution with global reach had Lysis preform an AML Health Check.

Read case study

Consulting & Advisory

Banking Partner Review/ Retention for a Global Merchant Acquirer

Payment Services & Card/ Merchant Acquirers

One of our client's banks has flagged areas of our client's Ant-Money Laundering (AML) Governance and Compliance operation as a potential cause for concern. Our client asked Lysis to perform an independent review for them to establish if anything was genuinely wrong.

Read case study

KYC Utility Strategy for a large Operator of Bank Infrastructure

Offices across the globe

UK

EU

USA

ASIA

SA