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).
Corporate, Wholesale and Investment Bank
AML Utility/Shared-Service Strategy
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).
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.
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.
Our client was in the middle of an extensive regulatory remediation for the Central Bank of Ireland and the remediation.
Lysis reviewed the exchange’s AML/CTF framework which resulted to a successful maturity assessment review.
A major European-domiciled Cryptoasset Exchange with global reach required a gap analysis to identify all deficiencies in their Customer Risk Rating Model and a roadmap for improving it.
