Efficiency improvements post-go-live at a global securities house to remove bottlenecks and restore operating efficiency after a Fenergo implementation. Lysis supported a global wholesale and investment bank during its Fenergo implementation and then worked alongside the bank to streamline the post go-live operating and processing model
Corporate, Wholesale and Investment Banking
CLM Process Efficiency
A global wholesale and investment bank.
Efficiency improvements post-go-live at a global securities house to remove bottlenecks and restore operating efficiency after a Fenergo implementation. Lysis supported a global wholesale and investment bank during its Fenergo implementation and then worked alongside the bank to streamline the post go-live operating and processing model.
This included:
• BAU backfill in client on-boarding and refresh while the usual BAU teams were focusing on the Fenergo implementation.
• Post go-live testing to remove data and technology errors. Liaison with BAs to get the necessary errors systemized.
• Data clean up of duplicate records and remediation to ensure customer and compliance data is correct
• Process enhancement and workarounds to remove bottlenecks in the post-go-live process.
• Training & SME Support for front office and operations staff
The result was that the initial problems with the post-go-live operating model were significantly reduced.
A crypto asset custodian based in the U.K. with global reach approached Lysis with the request to assist them with the process to obtain registration from the FCA which would enable them to operate in the UK market as a crypto asset business. Due to the holding company’s strong global footprint, part of the FCA requirements for registration included the need for a UK based money laundering reporting officer (MLRO).
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
Our client wished to ensure that it had all UK regulatory requirements covered by policy, procedures and controls.
